"Nhà Cái" (translated as "Bookie" or "Bookmaker" in English) is a term used to refer to organizations, businesses, or even individuals that specialize in gambling and betting, particularly in the field of sports. There are also "Nhà Cái" that offer lottery games and online casinos.
In terms of games, many people mistakenly believe that "Nhà Cái" are the entities that calculate the betting odds. However, in reality, they act as intermediaries who integrate the online betting products from game providers onto their website platforms.
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This means that the betting odds for the games are calculated by the game providers themselves and continuously updated on the betting boards of the "Nhà Cái".
For sports-related "Nhà Cái", such as in football, they are the ones who set the odds for all the betting options, accept and collect betting funds, and pay out winnings to the players.
What types of "Nhà Cái" exist?
Currently, there are two types of "Nhà Cái": legal and illegal (also known as "underground" or "black-market" bookmakers).
Legal "Nhà Cái" are licensed and regulated by the government. Their operations are authorized through established certificates, and they are allowed to conduct their activities by international gambling organizations. Legal "Nhà Cái" always have clear and transparent addresses, ensuring safety, credibility, and transparency in all transactions.
On the other hand, illegal "Nhà Cái" operate without recognition or licenses, leading to a lack of transparency. Engaging with these bookmakers carries a higher risk of losing money or being scammed.
"Nhà Cái" typically don't make money by placing bets themselves. Instead, they charge transaction fees for the bets placed by customers. Additionally, they may offer credit to bettors.
One of the most important methods for "Nhà Cái" to secure their betting profits is by calculating the odds they will gain in an event. They achieve this by utilizing statistical data or developing complex computational models.
Terms related to money flow, such as the "money line" (e.g., the bettors' money flow) and "spread" (e.g., the difference in point spread), are essential factors for "Nhà Cái". Sometimes, these calculations are based on models developed by casino mathematicians or risk analysts.
"Nhà Cái" typically highlight the sports teams they believe will win in an event (e.g., a football match). Each sports event has different betting odds and varying levels of odds differentiation. Unexpected events, such as bad weather, player injuries, or off-field scandals, can influence the betting odds.
The goal of "Nhà Cái" is to maintain balance by adjusting the betting odds as much as possible to attract a consistent number of bettors to their platform. If the "Nhà Cái" can achieve balance, they can earn transaction fees. However, if the bets are heavily skewed toward one team or a specific outcome, the "Nhà Cái" risks losing money.
How do "Nhà Cái" generate profits?
"Nhà Cái" can generate revenue from the funds deposited by players into their betting accounts. Additionally, they can profit in various other ways:
Betting odds: The more bets placed, the more difficult the odds, and the higher the likelihood of losing. The "Nhà Cái" directly profit from these bets.