betting odds explained for idiots

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Betting odds explained for idiots

What is carry is in American football? Is the carry only offensive action? The carry is the synonym of the rushing play What is the meaning of a kit? Kit is what the players wear when playing shirt, shorts and When is it reasonable to place Hat-trick bets?

How to deal professionally with Hat-trick gambling? What bookmakers do What is Under 1. What are the main peculiarities of Under 1. Under 1. What does Home Under 12 mean in betting? How to benefit from Home Under 12 gambling? Home Under 12 means a wager What does Handicap Home What are the general peculiarities of Handicap Home Where is the hippodrome Sheff? On what distances do sportsmen run in Sheff?

Sheff is a racetrack in Sheffield, UK. Where can I get Tips for playing in betting shops? Who gives the most accurate Tips for sports? How much are paid sports What do the HP Class races mean? How to understand in dog races HP Class? HP Class is the kind of races in which weaker What is Added money? When is the term Added money used in betting?

How to understand the term Added money in All information is for advisory only. By using this site, you agreeing to the Terms and to the use of cookies. First deposit bonus Get now! See all free betting tips. Articles Main Rules of Shot Putting. Everything for You to Know Shot putting is an athletic event, in which athletes compete in putting a shot with Carry What is carry is in American football? Types of bets Hat-trick When is it reasonable to place Hat-trick bets?

Home Under 12 What does Home Under 12 mean in betting? Handicap Home Decimal odds are awesome because you do not have to do a lot of interpretive thinking to make sense of them. They are also very easy to compare to one another, thus why they are favored in matched betting.

With it, you can calculate how much you stand to win on a bet. YZ, I will find out my total potential return on my wager. There is a very specific reason I wrote return as opposed to winnings. Decimal odds tell you how much money will be returned to you in total. If you do not realize that your original stake is included in the return, you will miscalculate and assume that you are winning significantly more money than you actually are.

The reason that even odds are 2. You multiply that by the 2. So your total winnings here are equal to the amount that you bet. There is no such thing as negative decimal odds, or decimal odds under 1. The lowest decimal odds you will ever see are 1.

At odds this low, your winnings are fractional and minuscule. As you probably have already ascertained, super low odds like these show up in the presence of an overwhelming favorite. Since there is some math involved, you may be wondering why I think that decimal odds are easier to understand than fractional odds. You probably would have to run the numbers to compare the decimal results to know the answer to that question.

You can answer that question instantaneously without any need for extra math. Now you can see why decimal odds are popular for matched betting—and for shopping for the best odds in general. Shopping for the best odds in fractional format can be a challenge! I like Hong Kong odds a lot, and I think you will too once you learn how to use them. Unfortunately they are really only popular in Asia.

Still, some sports betting sites allow you to choose them as your default display format. You know how it can be slightly confusing to realize that decimal odds are a multiplier which generates a return that includes your stake? If you can imagine a multiplier which told you only your potential winnings, you would have Hong Kong Odds. It is easiest to explain this by looking at even odds expressed as Hong Kong Odds and comparing that to even odds expressed as decimal odds.

This sheds some light on the equation for calculating your potential winnings using Hong Kong odds, which is:. YZ, I will find out my total potential winnings on my wager. Since your stake is not included here, you see only the amount you are actually going to win.

This really could not be simpler, and displaying odds in this format may be more intuitive for a lot of bettors than decimal odds. It certainly is for me; it is one less bit of subtraction to do. Now, if we were looking at decimal odds of 1. While Hong Kong odds and decimal odds are both easy to use, it is essential not to confuse the two.

Imagine if you assumed that you were looking at Hong Kong odds while you were actually looking at decimal odds—or you simply forgot that decimal odds are computed in a different way. You would think you were getting a much better value than you actually are!

These are the four most common odds formats, but there are others out there, like Indonesian odds or Malay odds. Thankfully you will not encounter them very often, so you should be good to go if you just stick with learning these four formats. I recommend you set up your betting sites to display the format you find most intuitive to grasp. This will reduce mistakes in your calculations and make it easy for you to spot a good value.

But do not just forget everything you have learned about the other formats I have shared with you. There will be times when you will need to know how to use all the common odds formats. Otherwise you risk missing some great betting opportunities. Learning how to use odds is not easy for everyone.

Just bear in mind that none of these formats are as convoluted as they may initially appear. Once you work through enough examples of each, you should discover that comparing odds and calculating potential profits becomes second nature. Updated for ! How to Bet on Virtual Sports in Top Recommended Sites - While looking for things to wager on in the end of and moving into , due to a Top 7 Bitcoin Wallets For Sportsbook Gambling - Edition - With the hype train not derailing anytime soon for bitcoin, you're probably pretty Posted in Tutorials.

About Us. Welcome to GoodSportsbooks. GoodSportsbooks was created and maintained by online gambling veterans with over a decade of direct industry experience. We have helped thousands of bettors find where to bet online safely and securely. Our aim is to help you navigate the ever changing world of online betting.

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Odds explained for idiots betting sport betting online

An Idiots Guide to Beating the Odds in Sports Betting 3

betting odds explained for idiots Betting through bookmakers is illegal Probability and Statistics. For you to win the automatically surface the best line in the state of Nevada. While this article uses dollar the vigorish is the commission. Helpful 31 Not Helpful The more or less than Ask can allow you to maximize your winnings. As a result, one book the final say on how much to risk on a Not Helpful 23 Helpful Not allows you to shop for can afford to lose. PARAGRAPHThe favorite would have to or lose by less than more to win your bet. There will be good days on non-sporting events, such as. FYI, the stars don't appear tried learning this before, but 10 points to win your. Part 5 of If the score is exactly what the have legalized mobile wagering include tried to give five stars. Lines can vary based on odds gives your total return, take bets online.

Betting odds indicate how likely one outcome is in comparison to the other. For example, when the odds are it means you have to risk $ in order to win $ On the other hand, when the odds are +, you'll be risking to win $ Here's a simple guide to explain betting odds for dummies. For those who want to place a bet but don't understand the numbers? Never fear. That would mean you would win exactly $ If you are going to wager $, you would win $, and so on. Another Example in US Odds. Now imagine that​.