What is a betting odd
The coefficient in bets is a number that determines the amount of winnings in case of a successful bet on one of the events presented in the bookmakers line. The winnings are calculated by multiplying the odds by the bet amount. It is logical that the higher the odds, the higher the winnings.
Odds of bookmakers can vary greatly, they depend on the bookmaker’s margin.
Who calculates the probability of the outcome of events in sports betting?
Large bookmakers have large analytical departments, as well as information from third-party analytical companies that provide services of this kind. They calculate the probabilities and make up the odds. Small bookmakers have to turn to large analytical organizations for help, which also issue odds for the line.
Types of odds in sports betting
There are the following types of coefficients:
European
Hong Kong
American
Indonesian
Fractional/English/British
Bettors who are serious about making their main profit from sports betting should understand that the difference in the odds presented in bookmakers, even with a difference of 1 or 2%, can play a serious role in the long run. Before placing a bet, carefully study which bookmaker offers the maximum odds. Perhaps it is worth going outside the European market, in search of more profitable odds. For example, with a turnover of 10 million. rub. 2% will be 200,000 rubles. Choose bookmakers that are trustworthy and give big odds.
