What does Total Bookings mean in betting? In simple terms it is booking your bets. But what does it mean? Well, to be more precise it means the total amount of money that you have put on each bet. This includes the initial stake, any ‘running’ or bonus money and whether you have paid for any of your bets already or not.
So now that we know what it means, what is the best way of taking advantage of this? Simple. The best way is to open multiple betting accounts with a single provider. By doing this you are making yourself privy to all the benefits of having your own betting license. Apart, from being able to book your own bets you will also receive a discount on all other transactions made in your name.
By opening a number of betting accounts you also avoid the commission fees charged by the bookmakers. Most people don’t realize how much money they regularly lose through these commissions, not to mention how many times they have to waste their time going back to the bookmaker for more. The alternative is to pay the commission directly to an online betting exchange where you are not bound by any contractual obligations. Of course there is one disadvantage – you will have to learn the payment system used by the exchange.
But if you are just beginning, or if you have been in business less than two years, you are probably better off with one of the exchange-based bookmakers. Of course this doesn’t necessarily mean that you should only use one exchange. You are free to spread your betting across as many exchanges as you like, but if you want to take full advantage of what does total bookings mean in betting you need to use as many as you can afford.
There are some limitations to using the bookmakers services. Firstly, you may not be able to take part in the most exotic games such as parlays and the like. However, there are usually a number of such games available for you to play on each exchange. Secondly, it is difficult to work out how much money you are going to win. Finally, you have to pay taxes on any winnings you make on the exchange.
In other words, what does total bookings means in betting is not at all dependent on the outcome of a single game. If you are a novice and you play on an exchange where there are only a few games, then the bookmakers are not going to give you too much information about what will happen. The odds of the individual games may not tell you anything about the chances of winning in a particular game. You might have to spend a lot of time searching for the relevant information. However, if you play regularly on one of the big bookmakers, then you will get a fair idea of what the odds and the payout will be.
In fact, you can also work out your own limits with respect to how much you bet in any one game. This means that if you are learning how to use the bookmakers correctly, then it is best to play with smaller bets. You can always increase your bets gradually when you start to win. This way, the bookmakers will know that you are a serious player and not just someone looking to make quick money. The betting services usually provide their customers with all this information for free and the bookmakers are well aware that it is very important to maintain the loyalty of their clients.
Finally, remember that betting exchange has changed little over the years. The basic structure hasn’t changed but there are various other factors that have affected the betting services. This includes the availability of the betting exchange software. It is now possible to find a top class service on the web and you don’t even have to install anything on your computer. This is one factor that has helped the spread of betting to all parts of the world.