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For those only starting out. Sports betting is about betting against bookmakers. It is quite not the same as betting against others the way most individuals do. It is also not the same as pools betting. Bookmakers are betting companies that provide the platform for betting activities. They additionally provide the prices and expected winnings on each football match.
All you will need to do is to look for the outcome of a particular match or perhaps a series of matches. You do not need to predict the exact score line. Even though you will discover bets the place you can predict the exact score line. The price per match will be decided by how hard or difficult it really is. 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 along with 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 extremely high likelihood that TEAM-A would win if in good form plus all of the advantages to their side. The cash you are expected to win if you bet TEAM-A will beat TEAM-B will be very small in fact.
On the flip side, if you say TEAM-B will beat TEAM-A, then the expected monetary returns could be high. It's going to be high also if you say it's going to end in a draw.
Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds might 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've used US dollars above as an example. Most bookies operate in Pound Sterling, dollars and Euro. So if you want to bet on it, what would you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 you need to play with $7. You may need to ask yourself is it worth risking $7 to win $2? Or shall 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 greater the potential returns, the lesser the risk the lesser the potential returns. Which is where your football mind and knowledge is needed.
Let's Understand Prices/Odds more using real soccer teams for example.
Take a look-at this match in the fixture and price. Lets say Chelsea F.C. to beat Manchester City at home is priced at 2/5. Which is you bet with $5 to win $2. That's a total expected returns of $7.
(Remember that the figure at the end is exactly what you stake with as well as the one in front is exactly 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 yet another $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's what will be returned if you place $1. So you may calculate your expected earnings as outlined by 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 easiest to calculate. The bookies (bookmakers) can evaluate which sort of odds they will be using. Actually some bookmakers make it possible for you to pick the odd type that suits you. Whatever Odd you use the result is the Same. On the other hand, chose only Odd type you are at ease with.
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