The Trap of Repetition | Wisanu Wongsinsirikul

This FIFA World Cup is hosted by Qatar. And nowadays it is considered a flourishing era of online football betting. Therefore, the interest would not lie in the question “Will there be an increase in football betting?“But still focus on”The amount of betting money that is expected to flow in this World Cup tournament.

First of all, it must be understood that It is extremely difficult to fully assess the amount of gambling money circulating in the illegal gambling business. Because most gambling activities are illegal.

Therefore, it is quite difficult to find a person who admits that he has participated in illegal activities such as football betting. At the same time, not everyone who admits to gambling will provide complete and accurate information.

This depends on at least two factors:

1. Becausefootball bettingThere is a high frequency of betting, that is, in a week there will be bets on football results every day and many matches per day. Therefore, if the assessor asks players to bet on the amount of bets that they bet per month ( per month) or in units of years (per year), it is extremely difficult for players to remember and provide accurate information if the player bet gambling on a regular basis

2. Because football betting is a combination of sports and betting, therefore, some bettors intend to remember only the bet amount that they have bet. Because gamblers in this group are often proud of their ability to gamble.

and often understand that He analyzed the football techniques of each team correctly and more precisely. Because the frequency of football betting is high as mentioned above. This is the reason why many football betting players choose to remember only the time they have bet.

Both of these 2 factors resulted in the appraiser receiving information about the amount of bets that was inaccurate from reality. However, not just the 2 factors mentioned above. But there is one more important factor that results in the assessment of the betting limit that circulates in the football betting business is greatly inaccurate from reality, namelyThe problem of repetition

The Trap of Repetition | Wisanu Wongsinsirikul

The repeat count can happen like There is a rivalry between Team A and Team B. Suppose Mr. A bets on Team A with a credit limit of 100 baht, while Mr. B bets on Team B with a credit limit of 100 baht as well.

If the appraiser asks Mr. A. and Mr. B. how much they gambled Inevitably receives an answer that gambles 100 baht each, and 2 people are 200 baht circulating in the gambling system. And this is the problem of repetition.

because in reality money in circulationThere is only 100 baht in the system because if Mr. A has made a bet, the bet money that Mr. A wins is the bet that Mr. B loses. When Mr. A loses a bet, he can see that the money circulated in the betting system is only 100 baht (including the difference of the bet money that is the dealer’s income).

Therefore, the solution for estimating the betting limits in turnover in the football betting business is as close to reality as possible. Assessors need to ask players about their betting limits in units of the week (per week) in order to alleviate the forgetfulness of bettors due to the high frequency of football betting. Then the assessor must compare the results of the survey with the income of the bookmakers who provide football betting services.

Discusses the assessment of the amount of betting money that will be circulated inworld cupThis time, it is necessary to analyze various factors. This may result in the bet amount during the World Cup being higher or lower than the bet at other times.

Factors that make betting money during the World Cup likely to be higher are

1. The minimum bet amount is higher. This is because duringworld cup Most of the bets are single ball bets. (Results – lose bets, not bound to other competitors) more than a set ball. (result – losing bets bound to other competitors in the same set)

This is different from football betting in other times where both single football and set football are played. The minimum bet amount for playing single ball bets is higher than that for a combination ball.

2. There is an increase in the number of bettors. because of important football competitions Often create more new gamblers, that is, those who have never gambled on football before. Maybe try to gamble according to the trend. or caused by the persuasion of close people, etc.

While the factors that make the betting money during the World Cup likely to be lower are The number of competitors that can bet is limited.

Therefore, in order to get an answer that is as close to reality as possible It may be necessary to reassess the betting limits in turnover after the end of this World Cup. And more importantly, the problem of repeat counting as mentioned above must be taken into account!

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