It is always exciting and fun to see their favorite team play, and we are many who experience strong emotions and commitment before, during, and after a really good match. Whether it is football, handball, tennis, or ice hockey, sports in different formats have the ability to capture our interest in both ways. Thanks to the sport’s constant popularity and the advent of technology, there are now also several ways to raise both the bar and the excitement during the match we have chosen to watch. Betting has always been a sports phenomenon, and with it new forms and the chance to play odds live This type of betting has become increasingly popular. We take a look at what betting is and how it works, how it has developed over the years, what trends you can see for the future, and if there are any special strategies available to succeed as well as possible with your betting.
Swedish betting history
Sports betting is hardly a new phenomenon but has existed in human history since time immemorial. As long as there have been at least two possible results to choose from, there has been betting. Just take examples like the Olympics, or horse races and boxing duels. As the years went by, sports betting would grow and spread from Europe to, among other places, the USA, where betting on hockey and American football are two of the largest markets for sports betting.
Betting in its form as we know it today did not begin in Sweden until 1934 when Stryktipset first saw the light of day. At that time, it was played with 12 matches in what was aptly called Tolvan. It was not until 1969 that the format was changed to 13 matches and the format became more similar to what we know today. It was, then as now, Swedish gaming that was behind it all, even though the company was previously called Tipstjänst, and this was the starting shot for Sweden’s gaming monopoly of physical gaming markets. In the past, as is well known, you made your betting at bookmakers, or betting shops, where you simply went in and placed your bet. It was the bookmaker who set the odds, handled the money, and paid out any winnings. Today, the market looks very different, and most of it is managed online. Then it new gaming license In 2019, there has been a major upswing among players offering online betting in Sweden, which has led to an increase in both supply and demand.
How does betting work?
As previously mentioned, betting involves guessing and predicting the outcome of a particular match, competition, event, or event. Here in Sweden, we bet mostly on sports such as football, handball, and ice hockey, but you can basically bet on anything. Everything from sports-related results to who will be the new Prime Minister or who will win the melody festival. The amount you win for betting correctly then depends on the odds, ie the probability that something will happen. In sports betting, you can see it as playing against the betting companies, which set a number of odds with the help of research and statistics. A high odds means that there is a small chance that something will happen, while a low odds shows that there is a high probability that something will happen. As a player, you thus have the task of figuring out which odds give enough value for the bet that is made. The most important thing is to know how the odds work, but also to do the research yourself. If, for example, you bet on a football match, it is important to keep track of things such as day form, team line-ups, and the injury situation in the team in order to be able to make as well-informed a decision as possible.
There are also different kinds of odds when it comes to betting, and here in Sweden, it is so-called decimal odds that dominate. These are also called European odds and can most easily be described with an example: say that you bet SEK 100 on a certain team to win and that this outcome has an odds of 1.50. This means that you win 1.5 times your bet, ie SEK 150. The second form of odds, called English odds is written instead as, for example, 1/5 and means that in order to win SEK 5, you must bet SEK 1.
The future of betting
There are always lots of events and matches to bet on, and it can be smart to start with something you are interested in. The market is constantly evolving and nowadays you can bet on most things. The form we are betting on has also changed. From taking place in physical stores to being done online, live odds have also changed the game plan further. Thanks to modern technology, it has now become incredibly popular to change your efforts in real-time. This is extremely exciting as a match can take different turns at any time and thanks to living odds, you can influence your betting mode directly from your mobile without even having to leave your place.
In other words, things are changing rapidly in the betting world as technology becomes more advanced, and one thing is for sure, most things point to the fact that there is a whole range of innovations to be expected in the future.