Are sports bets legal at all?
The legal situation regarding online sports betting in Germany is unclear. There are simply no clear regulations or laws. There is currently not a single online provider who markets their tips with a German license. This is all the more surprising when you consider that Germany is a huge market. Nevertheless, all reputable providers work with permits from other EU countries. Due to the freedom to provide services within the European Union, bookmakers are also allowed to offer their bets in Germany – completely legally. The online betting offers are therefore safe.
Do I have to pay taxes?
Profits from sports betting are NOT taxable! Gambling such as agen judi slot terpercaya is always tax-exempt. This is easy to understand when you turn the coin around: If the profits from sports betting and other gambling were taxable, losses could also be taxed. Of course, nobody wants that. Since they are not covered by the Income Tax Act, you don’t have to pay taxes on your profits. However, the state receives tax revenue from betting shops.
How are such profits actually possible?
If you are wondering how it is possible to win such a bet, you do not yet know the principle of the combination bet. This consists of several different bets. In order to win, all tips have to work. If only one tip of the combination does not work, the entire bet is lost. In principle, combination bets can contain tips from different leagues and at different times. In theory, two or more paired tips can be referred to as a combination bet. The high total profit comes about because the bet is multiplied by all odds that are played.
How are betting odds calculated?
A betting odds describes the factor by which the betting participant’s stake is multiplied if he wins the bet. The betting offices determine the betting odds, but they are based strongly on the stakes of other players. The betting company thus makes a profit regardless of the outcome of the game. This is called the bookmaker margin. The technology is crucial. The betting company first determines the probabilities for games. In addition to state-of-the-art tools, the betting office’s assessment also flows into the odds.