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You may be one those people who loses lots of money regularly on sports betting. I have been there often times and from my experience it hurts so much to lose money. After many trials and errors, I stumbled upon the Key to successful betting. Am about to reveal to you this profitable excellent online football business as the best and cheapest investment ever via the internet.
For all those only starting out. Sports betting is about betting against bookmakers. It is quite different from betting against other people the way many people do. It is also distinctive from pools betting. Bookmakers are betting companies that provide the platform for betting activities. They also provide the costs and expected winnings on each football match.
All you may need to do is to look for the outcome of a particular match or possibly a series of matches. You do not need to predict the exact score line. Though you will discover bets where you can predict the exact score line. The cost per match will be decided by how hard or difficult it's. The easier the match, the lesser the potential returns. The harder the match, the bigger the potential returns.
Let use soccer (football) for illustration:
Assuming TEAM-A on top of the league table wants to play TEAM-B who are at the bottom and out of form at home, most of us know there is a quite high likelihood that TEAM-A would win if in good form plus all of the advantages to their side. The money you are expected to win if you bet TEAM-A will beat TEAM-B will be really small in fact.
At the same time, if you say TEAM-B will beat TEAM-A, then the expected monetary returns will be high. It shall be high as well if you say it will end in a draw.
Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds could possibly be 4/1. That implies that if you bet with $1 you will win $4 plus your initial $1 which makes your total earnings $5. I have used US dollars above being an example. Most bookies operate in Pound Sterling, dollars and Euro. So if you want to bet on it, what will you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 you should play with $7. You'll need to ask yourself is it worth risking $7 to win $2? Or will you back the weaker TEAM-B to win at 4/1? You only need to put in $1 to win an extra $4. But will TEAM-B beat the stronger TEAM-A at home? The greater the risk the higher the potential returns, the lesser the risk the lesser the potential returns. That's where your football mind and knowledge will be needed.
Let's Understand Prices/Odds more using real soccer teams for example.
Take a look at this match within the fixture and price. Lets say Chelsea F.C. to beat Manchester City at home is priced at 2/5. That is you bet with $5 to win $2. That is an overall total expected returns of $7.
(Remember that the figure by the end is what you stake with and the one in front is what you will win)
The match is 11/4 for a draw and 6/1 for an away win for Manchester City. It means 1/1. You play with $1; you win a further $1. You play with $100 you win one more $100.
Not all odds are written in fractions. As in not written like 3/1, 1/5, 4/9 and so on. Some odds are written in decimals like 1.35, 2.42 etc. If you see 2.42, it simply means if you bet with one dollar, you will earn return of 2.42 dollars. Whatever figure is shown, it implies that it is what will be returned if you place $1. So you can calculate your expected earnings according to what you want to bet on.
Additionally there are the American Odds presented in form -110,+220,etc. The Decimal odds seem to be by far the simplest to calculate. The bookies (bookmakers) can evaluate which sort of odds they are going to be using. Actually some bookmakers permit you to choose the odd type that suits you. What ever Odd you use the result is the Same. Alternatively, chose only Odd type you are at ease with.
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