Betting On High Odds
- Betting Tips High Odds
- Betting On High Odds 2020
- Betting High On Low Odds
- Betting On High Odds Ncaa Football
Arguably, one of the most important things you need to understand in online betting is the value of odds. You can not underestimate the importance of knowing how to use odds correctly. We guide you through what odds are, what they mean and how to find and use the best odds.
Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits. Apr 21, 2017 So you can see that after gambling on “odds-on” favorites only and by not betting more than 10% of the total value the profit is at over $200 within just ten bets. That also includes a losing bet – note that also 5% was bet where the odds offered were higher than 1/3. Apr 21, 2017 That also includes a losing bet – note that also 5% was bet where the odds offered were higher than 1/3. The risk is slightly higher and the result is not so certain for higher odds on bets so it is sometimes a good idea to reduce the stake (the amount you bet) for some fixtures. Also referred to as vig or overround, betting margin is the solution bookmakers found to earning a steady flow of money. For example, if you bet on Barcelona vs Real Madrid, the probability of all possible outcomes (home win, draw or away win) should be 100%. See how to pick good lines and win when betting on high odds. We look into winning strategies for high odds on pre match and live betting.
Betting odds are there to tell you the likelihood of an event happening; they tell you how much you stand to win. They may seem confusing at first but once you get to know them, it will make your betting life much easier – and much more profitable. Here, at BettingOnline.co.uk we will go into some depth about how to best use betting odds to bring value to your bets.
How Does Probability Affect Betting Odds?
Betting, at the very basic level, is all about your ability to predict what is going to happen in a certain sporting event. If you can correctly predict the outcome, then you will win your money. Any sporting event has a number of possible outcomes. If you roll a die, then there are six outcomes possible. As such, if you bet on one specific number being rolled, then there is a 16.66% chance of winning (100 / 6). Betting odds are designed to represent the likelihood of the event happening. Generally, in the UK, they are represented as fractions, although you can access them as decimals.
Calculating Probability Using Betting Odds
When you see fractional odds, you can use these numbers to calculate the probability of an event happening according to the bookmaker. To explain the calculation, we’ll use the letters A and B for A/B. The probability is calculated with the following formula: Probability (%) = B/(A+B).
Examples:
8/1 works out to be 1/(8+1) = 0.11 – which means that there is an 11% chance that it will happen.
4/1 works out to be 1/(4+1) = 0.20 – which means that there is a 20% chance that it will happen.
1/1 works out to be 1/(1+1) = 0.50 – which means that there is a 50% chance that it will happen.
1/9 works out to be 9/(1+9) = 0.90 – which means that there is a 90% chance that it will happen.
However, the more you know the sports you are betting on, the more you will understand whether the odds offered by the bookmaker represent what you think the probability is.
Value Bets
If you think a football team has a 50% chance of winning but is given odds of 2/3, then the bookie is stating that they are paying out for the probability of 3/(2+3): 60%, which means it is not a value bet. However, if the bookie is offering odds of 2/3, then they are paying out for the probability of 2/(3+2): 40%, which makes it a value bet, that you should snap up.
Calculating Winnings Using Betting Odds Explained
Once you have established whether the odds on offer represent a value bet, you can then establish what you will win if you take up the bet. This really is very simple to work out and you don’t need to be a maths genius to work out your potential winnings. Let’s again use A/B to represent odds. The way to work it out is that for every B you bet, you stand to win A, as well as getting your original stake back.
Examples:
8/1 – every £1 you bet means you will get £8 plus your original stake
4/1 – every £1 you bet means you will get £4 plus your original stake
1/1 – every £1 you bet means you will get £1 plus your original stake.
1/4 – every £4 you bet means you will get £1 plus your original stake
Understanding Decimal Odds
If you want to bet on exchanges or more European betting sites, then you may find that the odds are generally represented by decimals. Some people prefer decimal odds, and as such, many sites give you the option to view all odds in decimals if that is your preference. Many people actually find these easier to work out than fractional. As such, they are also very important to understand. The calculation is as follows: winnings = (odds x stake) – stake. Here are some examples of how decimal odds work.
8.0 works out to be (8.0 x £10 stake) – £10 stake = £80 – £10 = £70
Betting Tips High Odds
4.0 works out to be (4.0 x £10 stake) – £10 stake = £40 – £10 = £30
2.5 works out to be (2.5 x £10 stake) – £10 stake = £25 – £10 = £15
1.25 works out to be (1.25 x £10 stake) – £10 stake = £12.50 – £10 = £2.50
What Works Better, Decimal or Fractional Odds
What is better very much depends on what you are used to – and one really isn’t better than the other. Fractional odds are more traditional than decimal odds, but decimal odds are coming more into fashion. Fractional odds were originally used in the UK, most predominantly at the race tracks and in high street bookmakers. There are a couple of differences between them. Most beginners and people new to betting find decimal odds easier to understand. Because of this more UK high street bookies have made them more available to their punters to attract more punters. They are also widely available on online betting sites. When you go to any major horse racing event, including Cheltenham, in the past, you would only be able to access odds in fractions. Now, you can generally see them available in fractions.
Another difference is that fractional odds represent the winnings only, whereas decimal odds represent the winnings plus the stake you get on return. Because of these differences, we’re generally finding that more sites and bookies are transitioning to decimals. Decimals are generally used in betting exchanges also, which are becoming more popular with punters. Also, when odds decrease or increase slightly, this is easier to represent in decimals as fractional odds tend to have very high number fractions involved, which make calculations harder for the punter.
Making the Most of Odds Comparison
When you understand odds, you need to make sure that you get the best odds available for your particular bet. The odds offered at different bookies represent what is going on in their market for that event. As such, these can vary from bookie to bookie. If there are too many people making a bet on one outcome, then bookmakers will change odds to lure punters to bet on a different outcome. As such, this could lead to a skew of good value and bad value odds. Therefore, you can either look through all different online bookmakers to check out where the best odds lie, or you can use our odds comparison site to help you. Taking time to compare odds yourself can be very time consuming, so getting a helping hand makes it much easier. You can find the best tips and the best odds for your bets here on our site.
To Sum It Up
Betting odds are the most important thing you need to understand when it comes to online betting so you can understand values and winnings. As soon as you get the hang of the odds, you can understand the likelihood of an event happening – and how much you stand to win if it does happen. Getting good value odds and the best odds is a major part of successful betting.
No matter if you’re into betting online by claiming bookmaker welcome bonuses or you prefer using your own funds, making sure you’re getting the best betting odds is a must. After all, that’s the best way to make sure you can really maximize your profits. And since we know how difficult searching for a reliable high odds sportsbooks list can be, we’ve decided to create one for you from scratch. As with all the lists on the website, we’ve applied the strictest criteria to get the best results for every bettor.
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Football Betting Margin Explained
Since football is the king of sports, we’re going to focus on football bets first. Before we go into more detail on why high football betting odds are important and how to identify them, let’s take a closer look at the football betting margin. Also referred to as vig or overround, betting margin is the solution bookmakers found to earning a steady flow of money.
For example, if you bet on Barcelona vs Real Madrid, the probability of all possible outcomes (home win, draw or away win) should be 100%. When checking the odds a bookmaker offers, you can easily calculate the probability for each outcome using the odds offered. Let’s consider some fictional odds from Bet365:
- Barcelona wins – 1.85
- Draw – 3.6
- Real Madrid wins – 4.75
By simply dividing 1 to these odds and multiplying by 100, you get the actual probability adjusted by the bookmaker. In our example:
- Barcelona wins – 54.05%
- Draw – 27.78%
- Real Madrid wins – 21.05%
Betting On High Odds 2020
If we add the likelihood of the three outcomes, we get a probability of 102.88%. Everything above the natural probability of 100% is the margin added by the bookie. In our example, 2.88%. That’s why we’re always focusing on finding bookies with the lowest margin as possible as the lower the margin, the higher your profits.
Why High Betting Odds Matter
After seeing how the betting margin works and how it can influence your profit rate, it’s time to go even further and see how betting on high odds can really make a difference. We’ll use the example of two friends who are placing identical bets on the football match we described above. Both of them place €10 bet on Barcelona. One of them is betting at a top bookmaker from our list, while the other one has been playing at a different bookie for years that offers lower odds.
- Friend 1 – €10 bet on a Barcelona win @ 1.85 – Payout: €18.5 – Profit: €8.5
- Friend 2 – €10 bet on a Barcelona win @ 1.65 – Payout: €16.5 – Profit: €6.5
At a first look, the difference between the odds for a Barcelona win isn’t that big. However, if you look at the profit the two friends got, you can’t go over the fact that there’s a 23.52% difference. That’s why betting with the best football odds really pays off and the friend using our list of highest odds sportsbooks is making more money at the end of the day.
Best Football Betting Odds Search
Searching for the best betting site with high odds is not that simple. You’ll need to constantly compare betting odds at different bookmakers, manually calculate the vig and figure out where it’s best to place your bet. Or, you can turn to our high odds bookies list and make sure you’re choosing a sportsbook that is constantly providing great odds and low margins. By doing so, you will free up a lot of time that is always best spent analyzing the teams, checking statistics and making sure your winning chances are as high as possible.
Best Odds Bookmakers List
We’ve now covered all the aspects on finding high odds, how to identify betting margin and the difference it can make to your bankroll. It’s now time to focus on the highest odd bookies list that can be seen right above. We’ve personally tested all the bookies on this list and checked the odds so that you get the most accurate information. By visiting our website, you will have a constant flow of the best odds bookmakers so that you always make the most out of your bets. Here’s what our list offers:
Overall Odds Rating
Since there are many high odds betting sites out there that boost their odds on football only, we have extended our tests on other sports as well to make sure you’re getting the best odds no matter what you’re betting on.
Football Payout Percentage
Another indicator of great betting odds, the football payout percentage helps you understand the average football payout for each bookie on our list. The higher the percentage, the better the odds will be.
Overall Payout Percentage
Same as above, this indicator will give you a feel of the overall payout percentage of the bookmaker, including all sports and markets offered.
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If you’re interested in claiming a bonus on your first deposit, we’re going to display the sign-up offer so that if you find two bookies with comparable odds letting you choose the one with the best sign up bonus.
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See something you like? Check out the entire review to discover in-depth info on other aspects of the bookie, along with its odds.
Betting High On Low Odds
We Help You Build Your Surebet
Betting On High Odds Ncaa Football
Variable betting odds make room for a special type of betting that, if used well, can guarantee a sure profit. The surebet is basically obtained by placing two bets at different bookies, on opposing outcomes of the same match. The main idea is that the payout from any of the outcome should exceed the total stake of the two bets. To increase your chances of placing surebets, you will need to create accounts on several surebet bookmakers from our list to be able to check their odds and build surebets. Remember that the best odds bookies will often change their prices in a matter of seconds so you need to be quick!