Betting odds

betting odds

Betting odd says what chance gives the bookmaker to the event. Event means tennis match, football match or horse race. During last few years there also occured such events like president elections, win in talent shows or whether Eurozone will fall or not.

Odds has different levels and it´s usually not easy to say whether the odd is good. Multiply odd by your bet and you have a potential win. If you bet 1000€ for win of home team with odd 1,8, potential win is 1800€. The lower is odd, the higher is chance according to bookmaker.

If you bet more events on one ticket, odds are multiplying. In words of mathematics, odd is inverted value of probability. That´s why favorite always has lower odd (high probability of win) and outsider has higher odd (lower probability of win). Betting is all about finding a value odd.

At the end let´s say that knowledge about odds is key to success. Remember that odd says how high is the probability that the event will come true. And at the very end we recommend to compare odds of more offices, because they may differ. Lot of people say that Bet365, Unibet and Sportingbet has the highest betting odds compared to the others.

 

Rate this post