Today, more and more people who want to make money on the Internet are resorting to the game of betting, since this method, with the right approach, can bring quite good income. Beginners and experienced bettors have one goal - to bet on the most favorable conditions in order to get the maximum win. In this case, it all depends on the odds offered by the bookmakers for a particular match. Many are interested in why different bookmakers have completely different odds for the same event.
How do bookmakers determine odds?
This takes into account several factors.
The probability of the outcome of the event
Odds are inversely related to probability. This means that the higher the probability of a particular outcome, the lower the coefficient is set, and vice versa. So, for example, when betting on a favorite and an outsider, the coefficient on the latter will be higher, lower on the winner. You can notice during the match that the odds change, this happens on the same principle. The more likely the outcome becomes, the lower the coefficient will drop.
Bookmaker Margin
The bookmaker’s margin is the percentage that goes to the office. Margin is independent of the outcome of the event. When a player makes a bet, he already pays BC, since the margin has already been taken into account in the bet on a particular odds.
To better understand the formation of coefficients, consider an example.
Suppose a match is played between rivals with equal forces, whose probability of victory will be 50 to 50.
- Probability = 50%: 100% = 0.5.
- Coefficient = 1: probability = 1: 0.5 = 2.
It would seem that the bookmaker should put a coefficient of 2 on the event. However, the case includes margin, which will be equal to, say, 10%.
The margin is distributed to both teams at 5%, after which the probability will be not 0.5, but 0.55, then:
- coefficient = 1: 0.55 = 1.82.
Logically, the player must bet with a probability of 55% on a coefficient of 1.82. But in reality it turns out that the rate goes from 50% due to the already accounted margin.
Margin in different bookmakers varies from 2-20%, the higher the percentage, the lower the ratio. Therefore, for the same event, different odds of bookmakers.
Therefore, to get more profit from the bet, you need to look for a bookmaker with a low margin.
What are the odds? Decimal odds
As mentioned earlier, the coefficient is calculated depending on the probability of the outcome of the event.
- 100%: probability = coefficient.
For example, the probability of a team winning a football match is 40%, then:
These are decimal odds, or European ones, they are used by almost all Russian bookmakers.
A coefficient of 2.5 means that when you win, the better makes a profit 2.5 times higher than the bet.
You can also calculate the probability of winning teams:
- 1: coefficient x 100% = probability in%.
Fractional odds
Considering the same example with a coefficient of 2.5, the probability of winning the team will be a fractional number 6/4, 3/2 or 1.5 / 1. The coefficient in this case will be equal to 1.5.
Fractional odds of bookmakers are quite popular in the UK and are actively used by foreign bookmakers. Unlike the decimal, the fractional one does not show the total income, but the net gain minus the bet.
To convert the European coefficient to a fractional one, it is necessary to divide the fraction and add 1, for example:
American odds
Such coefficients are expressed by a number greater than 100 and have a positive or negative value, show how much you need to bet to win $ 100. For example, if the coefficient of the bookmaker is -150, then you need to bet $ 150, so that in the end the income is 100.
To translate American to decimal, you need to use the formula:
If the coefficient of the office is +150, then the gain will be $ 150 at a bet of 100. To convert to decimal, you need:
Understanding is the key to success.
Bookmakers offer different formats of odds, you should choose the one that is most understandable and convenient for you. The basis of the betting game is an understanding of the formation of odds and their competent assessment. These are not only numbers, this is the probability of the outcome of matches on which bets are made. Understanding the whole point, you can learn to make only profitable bets.
How to choose a bookmaker with high odds?
Choose a bookmaker according to several criteria. Some offer high odds for bookmakers for football, others for hockey or basketball. Many provide a good opportunity to win before the match, but when the game switches to Live status, they increase the margin.
In some offices, there is a bonus for the first replenishment, this allows you to reduce margins and increase cefs.
Do not ignore the reputation of the bookmaker. Be sure to get acquainted with the reviews and legal information, especially if the odds of bookmakers are suspiciously high.
Why do bookmakers put up big odds?
Bookmakers use two approaches in running their business:
- The offer of average coefficients - this will help to develop smoothly with a margin of financial strength and slowly build up the audience.
- Medium and low odds for bookmakers - this will allow you to earn with a share of risk much faster due to turnover. The audience in this case will grow, of course, rapidly, but if it does not work out in a short time, the office will collapse.
High odds bookmakers
It is quite difficult to make a clear rating of bookmakers, falling odds at the BC are not uncommon. Today it may be the office with the highest cefs, and tomorrow with the lowest. The most famous and keeping the bar high ratios are the following BC.
Pari match
This is one of the first bookmakers that appeared in the CIS and quickly gained popularity on the net. BC is famous for its pretty good odds and a large assortment of sports games. In addition, here you can make live bets and use additional applications.
1XBET
It is one of the largest bookmakers in the CIS. Attracts visitors with a simple interface and functional design of the site, offers high rates for events. You can register through social networks.
William hill
It is the most famous brand in the field of gambling and the largest bookmaker in the UK. William Hill Sports has earned the trust of players from all over the world. High bookmaker odds are guaranteed here, and also as a bonus you can get a free bet.
PinnacleSports
International bookmaker, which offers 60% higher odds than competitors.
Bwin
At the moment, the most famous bookmaker due to high rates, the number of bets offered and express systems.
The main thing in the betting game is not to choose the best bookmaker with the most attractive conditions, but to understand what factors are formed and how best to manage the information.