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For those just starting out. Sports betting is all about betting against bookmakers. It's quite distinctive from betting against other people the way the majority of people do. Additionally it is not the same as pools betting. Bookmakers are betting businesses that provide the platform for betting activities. They additionally provide the prices and expected winnings on each football match.

All you may need to do is to determine the outcome of a particular match or perhaps a series of matches. You don't need to predict the exact score line. Though you can find bets in which 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 together 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's a quite 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.

In contrast, if you say TEAM-B will beat TEAM-A, then the expected monetary returns could be high. It will be high as well if you say it shall end in a draw.

Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds might be 4/1. That means 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 will you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 it's important 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 higher the risk the greater the potential returns, the lesser the risk the lesser the potential returns. Which is 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 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. Which is a total expected returns of $7.

(Always remember that the figure by 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 yet another $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. What ever figure is shown, it means that it is what will be returned if you place $1. So you may calculate your expected earnings in accordance with 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 determine what kind of odds they are going to be using. Actually some bookmakers permit you to pick the odd type that suits you. What ever Odd you use the result is the Same. On the other hand, chose only Odd type you are comfortable with.