Best Odds Guaranteed is where you not only get a boost, but an assurance that you are getting the best odds available. Enhanced place terms are usually applied on horse racing betting but can be found on any sport that offers each-way betting and increases your place terms — say, from 3 to 4 — giving you a better chance of winning. That is right, not only can promotions affect odds, but there is a lot more variety than you might think. They are also much more common than may expect.
This also includes a great deal more information on the different kinds of offers and how to make the most of them. The reason we all want better odds is really remarkably simple. If we have better odds, we get more money when we win. And that difference can be significant in many instances. We have picked a random market from the day of writing to use as a typical example. This translates to This is, therefore, an additional winning of 0. This is a really moderate example.
All these are across very high-quality bookmakers on a popular market, meaning the margins are usually kept tight. But even so, if you could manage to make that extra money in every winning, as a baseline example of what is possible, you can be talking about a lot of money over an extended period. In addition, quality odds are the hallmark of a quality bookmaker.
There are few better reflections of the likely standards of the site than this, as it is one which directly affects their bottom line, and indeed, yours. Don't miss our detailed guide on how to calculate your betting odds payout. Although they are to be respected for their efforts and ingenuity, they are as flawed as any attempt to predict the uncertain is always likely to be. The first comes from data analysis. When we advise you to do your research, that is what this is all about, because that is exactly what the bookmakers are doing.
They use both expertise and complicated algorithms in order to try and give an accurate probability to possible outcomes. We talked before regarding how do odds work and how they are a way to understand implied probability, and this is a big part of where that comes from. However, there are other things to take into account. Unlike you, the bookies also have cash projections and betting behaviour to consider.
In other words, they not only need to consider what they believe is the likelihood of events, but also how to make money should the market be heavily weighted one way. Bookmakers want to avoid big losses when possible, and this can impact market fluctuations as well. Speaking of market fluctuations, odds are also impacted by other bookmakers. They need to ensure they are competitive with them and are anchored to a range of implied probability by their competitors to an extent. Margins, or the overround , is essentially how the bookmaker attempts to ensure that they can make money consistently considering all of these variables.
The way it works is simple. That number is the edge the bookmakers has on you and how they consistently make money and stay in business. Some people view the overround as being proof of betting being unfair. While we will certainly concede that this represents an advantage that the operator has over the bettor, we disagree as long as the overround is reasonable.
The bottom line is that the operator, for all of their complexities, are essentially doing the same as you. Through all of the odds they put out there, they are making a prediction on what they think the outcome of a set of events will be. And there is no magic formula to those predictions. They do not have a secret. They have research, and algorithms, but as we will discuss shortly when we talk about Kickform, you have all of those things at your disposal as well.
And on top of that, you do not have the same market anchors that they do. They are every bit of capable of getting things wrong as anyone else is , they just do everything they can within their power and expertise to make the smartest predictions possible.
Without the overround, we might have much fewer places to bet, and much fewer markets to bet on. With that said there is a limit to how much operators can get away with here and for it to still be considered fair. There could generally be fluctuations in the market via competitors, betting activity significantly in one or several directions of a mixture of these factors.
They can also change due to promotions as we have discussed. If it is before a game, it could be due to player news like injuries or weather. During the game , odds change rapidly as events on the field — or indeed, on whatever sporting surface is relevant — change the likelihood of events often incredibly quickly. Being able to react rapidly is therefore a vital part of your success in this case — as well as to the quality of live betting and live streaming from your chosen bookmaker.
We concluded there that a large part of success is recognising when operators have made mistakes in their implied probability — in other words, where we think their predictions are wrong. And this is absolutely true. An operator has a huge number of different things to consider when it comes to making their predictions, and that is what odds are. Ultimately, all you need to consider is whether or not their predictions line up with yours.
While this may not be strategic advice, we hope that this thought can give you some confidence in your ability to recognise when these opportunities arise. And you have all the tools to do it at your disposal. In order to recognise those right markets, you can utilise our odds conversion table and calculator to see what their implied probability is, then consider whether you agree with that probability. And if you want a huge dose of extra help in that regard, utilise our Kickform tool in order to back your predictions up with science for the most carefully considered bets possible.
The short answer to this is no. If there was one bookmaker that was always giving out the best odds, we would have a much more straightforward table, and indeed, a more straightforward article. However, there absolutely are bookmakers that are more consistent than others in providing the best odds. We actually did tests to see which of the best bookmakers for odds would come out on top when compared across a series of days and markets. We have a table featuring our final results below, and you can check out our full article about betting comparison experiments if you want more information.
And below is our final betting odds table for the winners if you just want to see the end results. This table is the result of testing odds on various Football games , several Tennis events , Golf across several days , Horse Racing markets aplenty , Cricket games from far and wide, Snooker matches and tournaments, and not to mention American Sports markets.
There are operators that consistently have better odds than some other operators. No there is not, no bookmaker has a monopoly on the best odds. However, some do have the best odds more commonly than others, but it depends on the market. They are a way of understanding both the implied probability of an event and your potential return should you bet on that market.
The three key types of betting odds are decimal, American and fractional. A full explanation of how they work can be found in this article. All of them are simply ways of expressing odds, it has no impact on the quality of the odds. One of the things we always try to make clear at The Punters Page is that for all our advice, all our in depth reviews , analysis and all our talk about smart betting, we always want you to keep the fact that betting is supposed to be about enjoying yourself at the absolute forefront of your mind.
But we think this analytical approach can and should be part of that goal. With our help none of this needs to be hard work like it once was. On top of that this approach does come with its own rewards, not just in terms of making smarter bets but also in your ability to better understand your favourite sports and markets in the long term makes you have a new and deeper appreciation for the games that you love.
Getting the best odds is just one part of our measured, thoughtful approach to betting. Although it might not initially appear to be the most thrilling part of the betting experience, figuring out where to get the right odds for you, your preferred markets and betting strategies, is a vital part of getting the most out of your betting.
And not just from a tactical point of view. Articles assigned to ThePuntersPage. By ThePuntersPage. Lots of exciting football betting offers at William Hill! ThePuntersPage Final Say. Choose the Odds format you need to convert from. Convert Odds from:. Fractional Odds:. Implied Probability. Decimal Odds:. Have you seen SportNation's latest betting offers? Own Goal Betting Rules in Consistently ranking amongst the top odds in many markets Especially dominant in the Cricket and Horse Racing markets Across the board one of the best betting sites in the world.
Known best for betting exchange Still manages to be one of the best value traditional sportsbooks Consistently high odds rankings. Hugely varied international set of markets Provided the best odds for Tennis fans All backed by a world class betting site. However British and Irish punters are also beginning to become more familiar with decimal odds over time. Fractions are easy to understand but the format can be somewhat limited to familiar prices, whilst more precise odds are increasingly required by bookmakers and experienced punters.
Fractional odds express the profit the bettor will make against their stake, if their bet is correct. This a 1. As widely used in much of Europe and around the world, prices in decimals tell you what you stand to win if your bet is a successful one, including the stake being returned to you. Although it takes a while to adjust from thinking in fractional odds to decimals they are becoming increasingly popular as they accurately convey to the punter the exact return they stand to walk away with if their selection comes in.
Decimal odds provide purer calculations and are increasingly common on online platforms as bookmakers cater to ever growing international audiences. Decimal odds are also frequently used on betting exchanges. Follow the patterns of typical decimals odds such as 4. You can always use a bet calculator or an odds conversion table like the one we include below to cross reference prices if you are unsure. As you might guess from the name this format is most popular in North America. Remember though, is evens, so your returns are exactly double what you put down.
With any negative moneyline figure beyond the price is odds against and you stand to make less profit than the stake amount. With moneyline decimal 1.
Other factors can also play a part in this, such as promotions, market fluctuations, the overround, all of which we will cover later in this article. Perhaps more accurate is that betting odds are a rough approximation of how likely they think an outcome is to happen. Ultimately though, the end result is what matters. So perhaps we should look at it from a more bottom-line perspective.
The second way of thinking about how betting odds work is that odds are a way of understanding how much you get if you win in relation to your stake. Betting odds are both a reflection of implied probability and a way of understanding potential returns.
Following on from our previous point on betting odds explained, always remember that how much money you can potentially win only matters in relation to the stake. This is an extreme example, of course, but the important point is that the quality of the end result is all relative to how much you need to put down to see that return.
The odds are a reflection of how likely an event is to happen. They are also a way of understanding your potential return. Finding a good market, a smart market to bet on, is about finding one where you think the operator is wrong on both accounts. Say you think that the odds are actually closer to evens.
This would be a good market to bet on, because this difference of opinion means that the potential return, which these odds also represent, is very generous should your opinion be proven correct. In order to help you with understanding betting points, we have broken down the three common types of odds format , with examples and explanations of how each of translates to both an implied probability, and cash return.
This is the crux of explaining betting odds. Do note that for fractional odds into implied probability, as well as into cash and into decimal and American odds, we will be using the same example for the sake of simplicity in helping you understand the core concepts like how do odds work together. Rest assured these formulas are just as useful with any other example. Here are three really simple examples of how fractional odds can be converted into implied probability:. In order to calculate fractional odds, we will utilise the last example.
The second half — 1 in this instance — is represented by Y. Or 1 divided by This comes out as This is an even simpler formula. All you do is say you win X for every Y that you bet. It really is as simple as that. This allows you to both understand what the fractional odds represent both in terms of how likely an event is to happen according to the bookmaker, and how much you would win should this wager be successful.
If you think they have a much better chance that than that, then that would be a smart market to back because you are looking to get 9x your return. That is one basic calculation for smarter betting. Here we are going to do the exact same thing but this time with decimal odds, so you are prepared no matter what odds are thrown at you.
The formula for working these out yourself is also very simple. That is your implied probability. Other examples can look more complicated than that, but the formulas are always the same. Understanding how decimal odds convert into cash is very simple as well. The way this works is simple. You multiply the decimal amount by your stake, and then take off the original stake amount. Nice and easy once again. This is the last point on our journey into understanding all the different key types of odds and how betting odds work!
You will have no doubt noticed that in our above examples, we used the same equivalents as much as we possibly could. There are a couple of reasons for this : one of those reasons is to make each of them as easy to understand as possible. You can see easily how do odds work and how these principles can be applied not only to other odds examples of the same type, but into different odds examples as well.
We want you to easily see how betting odds fraction to decimal works, for instance. And if you have any further issues, you will also be able to convert between decimal types and into implied probabilities at a snap using our odds conversion table below. But there is another point to using equivalent examples and that is to show that no option has a real-world advantage over another. They are simply different ways of relaying the same information.
In other words, there is no option that is objectively better than the others. There can be, however, one which is better for you and this comes down to two key points. One of these is what is available via your preferred bookmakers. However, it is worth pointing out that for UK and European users, American odds — as their name would suggest — are much less common.
So, on many bookmakers, you may need to choose between decimal and fractional. Beyond that , the only thing you really have to consider is which you find easiest to understand. Often, this is just down to which odds type you are more used to using. As we said, one is not objectively better than the other, so as long as it is available, it simply comes down to your personal preference.
And whatever you choose, with the help of our odds conversion calculator and betting odds table, they will be simple and easy to utilise and understand. Want to convert fractional odds into decimal odds or vice versa?
Simply enter the odds and our savvy tool will automatically do the work for you. Insert the odds you need to convert. The result will give you the odds conversion and the Implied Probability. Use this table to convert some of the most common fractional odds, decimal odds and American odds. You may think of odds as a static, solid offer that the bookmaker provides you and you can choose whether to accept. However, they are actually a fair bit more fluid than that. At a basic level, an odds boost simply gives you better odds than you would otherwise receive.
These are usually either on selected markets or you can pick a limited amount of markets you would like to boost depending on the promotion. Price Rushes are enhanced odds available in a short time frame. In-Play goal boosts are pop-up promotions where you can get odds on a player to score in a short time period, maybe 30 seconds for instance. Best Odds Guaranteed is where you not only get a boost, but an assurance that you are getting the best odds available.
Enhanced place terms are usually applied on horse racing betting but can be found on any sport that offers each-way betting and increases your place terms — say, from 3 to 4 — giving you a better chance of winning. That is right, not only can promotions affect odds, but there is a lot more variety than you might think. They are also much more common than may expect. This also includes a great deal more information on the different kinds of offers and how to make the most of them.
The reason we all want better odds is really remarkably simple. If we have better odds, we get more money when we win. And that difference can be significant in many instances. We have picked a random market from the day of writing to use as a typical example. This translates to This is, therefore, an additional winning of 0.
This is a really moderate example. All these are across very high-quality bookmakers on a popular market, meaning the margins are usually kept tight. But even so, if you could manage to make that extra money in every winning, as a baseline example of what is possible, you can be talking about a lot of money over an extended period.
In addition, quality odds are the hallmark of a quality bookmaker. There are few better reflections of the likely standards of the site than this, as it is one which directly affects their bottom line, and indeed, yours. Don't miss our detailed guide on how to calculate your betting odds payout. Although they are to be respected for their efforts and ingenuity, they are as flawed as any attempt to predict the uncertain is always likely to be.
The first comes from data analysis. When we advise you to do your research, that is what this is all about, because that is exactly what the bookmakers are doing. They use both expertise and complicated algorithms in order to try and give an accurate probability to possible outcomes.
We talked before regarding how do odds work and how they are a way to understand implied probability, and this is a big part of where that comes from. However, there are other things to take into account. Unlike you, the bookies also have cash projections and betting behaviour to consider. In other words, they not only need to consider what they believe is the likelihood of events, but also how to make money should the market be heavily weighted one way.
Bookmakers want to avoid big losses when possible, and this can impact market fluctuations as well. Follow the patterns of typical decimals odds such as 4. You can always use a bet calculator or an odds conversion table like the one we include below to cross reference prices if you are unsure.
As you might guess from the name this format is most popular in North America. Remember though, is evens, so your returns are exactly double what you put down. With any negative moneyline figure beyond the price is odds against and you stand to make less profit than the stake amount. With moneyline decimal 1. With a price 1. Punters usually only find themselves in situations where they are trying to convert odds between formats occasionally, for example whilst on holiday or traveling and betting outside their home countries.
Converting decimal odds to fractional, take the decimal and subtract 1. For converting moneyline to decimal, when the moneyline price is positive divide it by and add 1. When the moneyline price is negative, take and divide it by the moneyline amount first removing the minus sign , and add 1. For conversion of fractional odds to decimal take the first figure and divide it by the second figure then add 1.
The concept of implied probability is worth keeping in mind when you try to assess the value of odds from a bookmaker. The odds are set based on the implied probability of the outcome, such as a horse winning a race, or a football team winning a league.
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