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You may be one those individuals who loses plenty of money regularly on sports betting. I've 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 going to reveal to you this profitable online business as the best and cheapest investment ever online.
For anyone just starting out. Sports betting is about betting against bookmakers. It's quite not the same as betting against other people the way almost all people do. Additionally it is not the same as 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 will need to do is to ascertain the outcome of a particular match or perhaps a series of matches. You do not need to predict the exact score line. However you will find bets the place you can predict the exact score line. The price per match will be determined by how hard or difficult it 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 on top of the league table wishes 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 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.
However, if you say TEAM-B will beat TEAM-A, then the expected monetary returns will be high. It will be high as well if you say it's going to 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've used US dollars above as being 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 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 greater the potential returns, the lesser the risk the lesser the potential returns. That's where your football mind and knowledge is necessary.
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. That is you bet with $5 to win $2. That is a total expected returns of $7.
(Always remember that the figure by the end is exactly what you stake with and 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 an additional $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 means 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.
There are also the American Odds presented in form -110,+220,etc. The Decimal odds appear to be by far the best to calculate. The bookies (bookmakers) can know what kind of odds they're going to be using. Actually some bookmakers make it possible for you to pick the odd type that suits you. What ever Odd you use the result is the Same. Alternatively, chose only Odd type you are comfortable with.
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