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For all those only starting out. Sports betting is about betting against bookmakers. It really is quite different from betting against other people the way a lot of people do. Additionally it is different from pools betting. Bookmakers are betting businesses that provide the platform for betting activities. They also provide the prices and expected winnings on each football match.

All you'll need to do is to determine the outcome of a particular match or possibly a series of matches. You don't need to predict the exact score line. Though you will find 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 higher the potential returns.

Let use soccer (football) for illustration:

Assuming TEAM-A in addition to the league table wishes to play TEAM-B who are at the bottom and out of form at home, most of us know there's a quite high likelihood that TEAM-A would win if in good form plus all the advantages to their side. The money 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 may be 4/1. That suggests 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 will you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 you will need to play with $7. You will 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 is 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 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 an additional $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 really is what will be returned if you place $1. So you may 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 appear to be by far the easiest to calculate. The bookies (bookmakers) can know what sort of odds they're going to be using. Actually some bookmakers make it possible for you to choose the odd type that suits you. What ever Odd you use the result will be the Same. However, chose only Odd type you are confident with.