• Learning Odds in Sports Betting

    Posted on September 11th, 2017 admin No comments

    Sports betting is super fun, but only for those who understand how it works. There are subtle nuances of the sports betting world that have to be understood, otherwise, you will be left with hurtful losses. Betting on sports events is not only a way to make a quick buck but also an immersive experience for the fans. If you’re going to be supporting a certain team, you might as well put your money where your predictions are and make some profit while having fun. Talk about the best of both worlds. However, that is only sustainable if you understand what the odds are and how they affect your potential winnings.

    Odds are the numbers that the betting firm assigns to the outcome of a game. For a game of soccer, the team that is likely to win is typically assigned lower odds than the team that is likely to lose. If team A has a high likelihood of winning, it might get assigned odds of say 1.2, while the team that is likely to lose gets assigned odds of 4.1. That means if you place £1 on team A, and the team wins then you will have £1.2 in your account. If you placed your £1 on the other team then you would get £4. The riskier the bet, the better the payout; odds are the multiplier by which your money will increase if you get a prediction correct.

    There are different odds markets. The final outcome is one market. There are odds offered on scores at halftime, prediction of correct scores, and even double chance and arbitrage. You can find out more about arbitrage and more from the many online resources available to you.

    A favourite way for stacking odds up for those betting is placing multiple bets. The odds are multiplied with each other. If you place a bet on a game with odds of 2, and another with odds of 3 then your total odds are 6. That means you stand the chance of winning six times your wager.

    As always, only bet what you can afford to lose, and be restrained in your selection of odds.