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similar to betting on sports

you *can* also lose money, of course. In order to be profitable over the long-term, you need to find low-cost, mis-priced bets. What do we mean by that? Financial betting services are businesses. UFABET

And like any business, they have expenses to cover and investors to please, and so they try to make money. And they make money by effectively charging “fees” on their bets. Except that they actually do not charge fees (such as $5 a bet) or commissions (such as 2% of the winnings), instead they use a spread or overround (two different ways of looking at the same concept, so we’ll just refer to it as a spread). This spread means that if the fair value of a bet is $x, they sell it at a price of $x + y, where y is their spread. On average and over time, their betting profits should be equal to the spread. This is why it is critical to only place bets on those bets that have low spreads – eg “good prices”. If the spread is low enough,

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