The winning odds
Bettors generally believe more in their possibility of winning than probability of losing. Bookmakers offer several odds (or odds) for each event, which are calculated according to numerous factors by means of precise algorithms.
Thus, for you to earn even more money with online betting, it is necessary to know well how the odds that the sites offer to bettors work, compare between various platforms, and only then make your game.
In general, betting sites offer three types of odds, which are:
EUROPEAN SHARE (DECIMAL)
It is the simplest, clearest and most well-defined type of odd, with the bet's payout result being presented in decimal numbers. This method lets you know how much you can win quickly. Example:
on a $10 bet with odds of 1.5, the profit in case of a hit will be $15 ($10 x 1.5).
ENGLISH SHARE (FRACTIONAL)
The profit in case of victory, in this type of quota, is presented in fractional form. This type of quota can easily be converted to decimal format by adding the number 1 in it. Example:
on a $10 bet with odds of 3/5, the profit if you hit your guess is about $16 ($10 x 1 + 3/5) = $10 X 1.6.
AMERICAN QUOTA
In these odds, the probabilities are presented with the positive or negative sign, with the following formula: Bet x (1 + 100 / American odds). Example:
For a $10 bet with odds of -125, the profit will be $18 (i.e. 10 x (1 + 100/125)). With positive odds or positive number, the formula is Bet x (1 + American odds / 100).
COMPARE THE DIFFERENT QUOTAS
The odds remain a decisive factor for many bettors when choosing their favorite site, while the odds result is the profit in case of a correct prediction. You should always make a choice between bet types and calculate your hypothetical profit before actually placing a bet. One tip is to make a comparison between the offers of various bookmakers in order to take advantage of the highest possible profit on an event or a competition. However, there is no point in doing good research and comparing odds if you don't prepare for the game, looking for statistical information and other data, to make the best possible prediction. In sports betting, including soccer, the lower the odds of an outcome, the greater the probability that it will happen, but on the other hand, it means that you will profit less if you get it right.
When the odds are high for an outcome, the risk is even higher, since the probability of the team winning is quite small for that game or championship. In some cases, the betting sites may change the odds according to the circumstances and, of course, when the probability of winning or losing changes. In any case, the odds that were being displayed at the time you placed your bet will be maintained and validated. So when you bet on an event with a certain odds value, no matter what happens, your profits will not change. This value has been fixed beforehand and will remain so until the end of the bet.
So, to make a winning bet you must carefully choose the type of bet, the type of odds, and most importantly, the correct prediction of what will happen. Online bookmakers can help you choose the best platform and the best type of bet.
