Betting Odds Explained: Profit Like a Professional

I'm here to help you beat the sportsbooks at their own game. This guide, "Betting Odds Explained: Profit Like a Professional," will give you the insights to become a long-term winner.

Master All Sports Betting Odds

In just 15 minutes, you’ll go from a basic understanding of betting odds to learning how to create better odds for yourself. We'll start by emphasizing the importance of understanding betting odds, then dive into the different types of odds, and highlight the advantages of learning decimal betting.

Understanding American Odds

American odds work back to 100. If the favourite is odds against, the number indicates your profit. For instance, +150 means you win $150 for every $100 bet, plus your stake back ($250 total). For odds on (you risk more than you win), you stake the minus amount to win $100. For example, -200 means you bet $200 to win $100, returning $300.

Fractional Betting

Fractional odds, mainly used in the UK and for horse racing, show the profit ratio relative to your stake. For instance, 7/4 means you bet 4 to win 7, returning $11. When the favourite is odds on, the same rules apply but you bet more than you win. For example, 4/7 means you bet 7 to win 4, returning $11.

Why Decimal Odds Are Superior

Decimal odds provide instant clarity. Multiply the stake by the odds to calculate the return. For example, betting $50 at odds of 2.60 returns $130, and betting $50 at 1.65 returns $82.50. Decimal odds are also easier for parlay betting. For example, a $50 bet on a 3-way parlay at odds of 1.50, 1.50, and 2.00 (4.50 total) returns $225.

The Advantage of Decimal Odds in Probability

"Betting Odds Explained: Profit Like a Professional" will help you understand why decimal odds are best for calculating betting probability. While many know that betting at evens (fractional) or +100 (US) is 50%, more complex numbers require converting to decimals to establish the percentage chance. For example, odds of 4.00 mean a 25% chance (100/4), 4.50 mean 22.22% (100/4.5), and 3.50 mean 28.57% (100/3.5).

Exploiting Bookmaker Differences
Bookmakers often offer different odds for the same bets. For example, in a Chelsea vs. Manchester City match, betting on City can be at 1.83 (1X2 odds) or 1.87 (Asian handicap -0.5), which is the same bet but with better odds. Similarly, betting on Chelsea with a draw included can have different options within the same bookmaker: European Handicap (+1) at 1.91, Double Chance (1X) at 1.91, and Asian Handicap at 2.03. The Asian Handicap offers a higher payout, significantly improving your return on investment.

Multiple accounts help with Betting for Higher Odds
If you have multiple betting accounts, you can bet Chelsea & the Draw at the best odds, creating higher overall odds. For example, betting Chelsea at 4.10 and the draw at 4.31 gives combined odds of 2.10. With a 50% win rate, this strategy turns a -4.5% ROI into +1.5%, earning you 5% on your bets.

Handicap Betting and Quarter-Ball Bets
You'll also learn how handicap lines are created from base odds and total goals/points, and how to use Asian handicaps to profit more from quarter-ball bets.

Winning at betting requires learning, the right mindset, and follow-through. Check out our other videos and subscribe to the channel for more expert tutorials.

Master betting odds and start profiting like a professional today!

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