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The three main types of betting odds are fractional British odds, decimal European odds, and American moneyline odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance percentage probability of an event occurring can be converted and presented in any of the aforementioned types of odds.
Therefore, the total potential return on a stake can be stated as:. For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the NBA Championship. Below is a selection of the three teams that had the lowest odds of winning. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number no need to add back your stake , which makes its total payout calculation easier. The total potential return on a stake can be calculated as:. For instance, one of the renowned betting websites priced the candidates to win the U. Presidential Election. Donald Trump: 4. The higher the total payout i. In both cases, you get your initial wager back, in addition to the amount won.
The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases. In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament. If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Trading Psychology.
Business Essentials. With that in mind, we have look below at the top five most profitable betting systems, starting with number five and working our way down to the number one most profitable betting system. Before that though, a look at the recommended bookmakers for these betting systems.
With so many bookies these days, you are spoiled for choice in terms of which one to go for. Right, without further ado, on to our Top 5 Most Profitable Betting Systems, starting with number five:. So when a ranking hits a certain level say 70 , it indicates a high chance of there being a goal scored shortly. The benefit to this strategy of course is that you will get better odds for waiting for the game to go in-running. The odds on over 1. This strategy can be highly effective.
A very profitable system and one that comes highly recommended. You can check out the In-Play Scanner here. Making consistent profits from betting on the horses is tough but one of the systems that manages it is Each Way Sniper. It is based on the excellent value you can get from betting on each-way selections when there is a strong favourite in a race. Included in the system is software that automatically shows you selections for upcoming races and how much you could win, together with the odds and the bookie to bet with, plus a calculator to work out your stake.
So pretty much all the work is done for you, it is just a case of placing the bets. As a method for making some additional cash risk-free though, this is a great system and well worth the investment. In third place in our list is a superb and consistent betting system for football matches. We ran an initial three month trial and have been following the bets for over 2 years now. What we love about Banker Bet is that it has established itself over the long-term as a successful service.
And that is just to level stakes. Banker Bets is one of our favourite betting systems and definitely one of the most profitable. Add it to your betting portfolio as soon as you can. One of the main things we look for in assessing the profitability of a betting system is its long-term results.
And there are few systems that can beat Little Acorns for a long-term record of profitability. It is no wonder this system has won multiple awards. It is a system that takes between 10 and 20 minutes per day to find the selections and there are quite a low number of bets, with often just one bet per day and sometime none.
When betting on moneylines, not every matchup will have a clear favorite or underdog. In fact, oddsmakers may think the game is so close to call that their moneyline odds will be nearly the same. When evenly matched teams square off, it can be close to a toss-up in terms of which side will win. There is almost always an edge to be found. This can also be the case for soccer. Here is an example of moneyline odds for the lower-scoring games:. Before placing any moneyline bets, an experienced sports bettor will do extensive research into the game.
Once a matchup is announced in football, basketball or any sport, sportsbooks will release betting odds for the matchup for the moneyline. The prevailing theory in sports is that teams typically perform better at home than they do on the road. This data may not be the decisive factor when placing your moneyline bet but it certainly needs to be taken into consideration.
Researching a specific matchup and how it could potentially impact the game requires a lot of experience and study but for new bettors, it could be as simple as looking at offense vs defense. In MLB, how a team fares against left-handed pitching can be crucial. No team goes undefeated except for the Patriots and Dolphins. How else are you supposed to predict the future without knowing your history? Regardless of payout, the main goal for ANY moneyline bet is to win.
Making the correct call is the bottom line, so your choices should revolve around which side you think has the greater chance to win. In this matchup, the Bucks are the favorite. Not all underdogs are created equal. Just like your mama said, you better shop around, especially for moneyline odds.
While most of the major betting sites Odds Shark works with are typically in range, you can find slight odds differences, which is why line shopping is essential for a sports bettor. For example, a matchup between the Lakers and Celtics may see varied odds for the moneyline at two different sportsbooks:. In order to win, your team selection must be successful.
Need more winning picks? Move on to another game day and limit your bad decisions. It happens to all of us. Learn to use live betting to increase your winning percentage and limit your perceived losses. However, a totals bet during live betting can produce a big middle of around 10 points. A totals line of 44 to start can easily jump to 54 if there is double digit scoring in the first quarter.
An over 44 bet before the game and an under 54 bet during live betting is a 10 point middle only seen during live betting. If the game goes over the 54 bet you lose one way and win the over 44 total. Worth it every time!
The types of live bets offered are going to vary greatly depending on the sport and where you are betting. It requires a great deal of manpower and technology for a sportsbook to run live betting operations. They have to set new lines in real time and do not have days or weeks to post their number like normal bets.
For all of these reasons, the types of bets offered are going to vary around the spread, money line and totals. The exciting reasons about live sports betting is there are so many great benefits and reasons to play that did not exist before. A lot of the benefits are similar to those you get from traditional wagers but are amplified with this new style.
What are some of the most popular reasons people get involved with live sports betting. Technically, the odds on all bets are supposed to be correct or accurate to the final score. The sportsbooks spend lots of time and money hiring professionals or setting up computer systems to help them set the perfect odds on a live game. If they happen to set a line incorrectly, they stand to lose a lot of money if bettors can jump on it before they adjust it.
This extra time cushion is gone with live sports betting. The sportsbook is required to change odds and make predictions in real-time. They do not have time to second guess themselves because they have to stay up to pace with the game. The pace of baseball is slow and better for the books. Football has their game clock before the next play and basketball has a fast and furious pace for books to adjust on the go. They usually wait for a timeout to change numbers. These people are the best in the business at probability and are fairly accurate.
The second way is through complex computer systems that take all the available data into account to set new lines and odds in real time. Human error is inevitable and results in uneven odds. Computers can analyze quantitative data but cannot measure momentum and coaching.
Quantitative data has a numerical value which can be counted. This would be how many points the team scored, how much time is left, how many fouls players have and other statistical data. Things that cannot be measured are team morale, signs of injury or bad coaching decisions. Computers are not capable of catching these types of human factors that are not measurable. The human errors and technological implications shows it is likely you are going to find an incorrect line for a short time.
Profits are made with quick decisions and little doubt about betting opportunities from live betting mistakes and errors in judgement. The books will be guessing sometimes as they have to make the first move and post their numbers quickly and hope for the best.