Beginning to practice a game, it is really essential to understand the basic rules we will be moving on. This is true in the strongest sense also in betting. Before a player sets a bet, he needs to be in the bottom line with the basics of this activity, and one of the basics is to get complete and specific information aboutbetting odds. No competencies forbetting odds, bettors will not be able to understand what the likely outcome of a certain sporting event would be and what their supposed profits would be – always facts that would make it definitely better and more efficient.

## Betting odds

By imagining that the current gambler has gathered the necessary knowledge of betting odds, risk and probability, he would be able to draw up a betting plan to target betting worth. we can see an example of value betting.

For example, three players will place a bet on a specific event at a joint bookmaker – Chelsea vs. Manchester United. He gives them the following betting odds – to win Chelsea – 2.33 or 42.92% to beat Manchester United – 3.67 or a relative probability of 27.25%, and for a tie – 3 or 33.33%. For example, each participant will try to earn a gross profit of £ 200.

Betting value has an important function for any player who perceives betting not as a gambling but as an investment.

## Betting odds in their fractional variation

Fractional betting odds are quite common in the UK and indicate the net amount that a player will win if he makes a winning bet. By way of example, if a designated player wishes to bet at £ 50 for fractional stakes of 10 to 1, it follows that in the event of a win he will have his net profit of £ 500. This type of betting odds can be called in the form , also known as the chances of Hong Kong. It still depicts the net return of the participant, but the presentation is not partial or decimal.

## Betting odds – their real significance?

For the awareness of the character of betting odds, you are bound to be aware of the true probability system. The most widely known example of probability is the mobile dice. You have 6 sides and the chances of reaching "five" is 1 / 6th. In other words, 100% of all countries divided by 6 for each country of the dice – your probabilities are 16.66% in particular.

Another example might be coin throwing – where the probabilities of "tongues" or "tournaments" are 50%. Betting odds are very similar to this – they represent the potential probability of the outcome of an event. Being a professional player requires a wide range of skills, and it is important to have good knowledge of the different betting odds.

## Betting odds according to a decimal model – what is the way to transform into probabilities?

To redraft the decimal betting odds into probabilities, the player needs to work through the following formula:

1 / odd decimal odds * 100. As a comparison, at 1.46 bets, odd probability will be 1 / 1.46 or 68.49%.

## Betting odds – Decimal betting odds

Decimal betting odds are common across Europe, Australia, New Zealand and Canada, but in general, almost every bookmaker has the opportunity to put them as a choice of players. Decimal betting odds are matched to the payout amount of a similar bet to the participant in addition to the original bet. In fact, they express the decimal value of the exact betting odds plus 1.

## Betting odds in an American model – turning them into likely chances

When converting US betting odds into implicit probability, the designated player needs to take into account that the process does not match both the positive and the negative betting odds.

## Betting odds by fractional model – how to become probabilities

For the transformation of the odd fractional bet into probability, the formula is such a denominator * 100. If we take a 7/3 fraction bet, the chances will be:

3/7 =

3/10 =

0.33 * 100 = 33.33% assumed probability.

## Betting odds – How does Bettingmetrics help you find the most effective formula?

Our software promises an option for participants to collect their entire bets on bets, along with the right tools to analyze their results in history to be transformed into more progressive and effective. We at Bettingmetrics have developed a program that allows players to track all betting odds. In addition to that, we also have a feature summarizing the supposed success of the player with them.

We are clear that time nowadays means capital, and that is why we are now developing a betting odds comparison section on our online page that has been requested many times by our customers. By getting customers to compare betting odds directly on our website, they earn a lot of time as we increase the levels of automation needed for the business. However, this does not mean that we only work with a betting odds compression section – we also have account synchronization options automatically tracked and analyzed by our program.

## Betting odds – Catch the freedom of action with Bettingmetrics!

Besides the Betting Metrics Betting Method you can find in Bettingmetrics the best Betting Calculator, tracking betting tool, odds calculator, and more useful methods.

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Betting odds

Betting odds in their fractional variation

Betting odds – their real significance?

Betting odds according to a decimal model – what is the way to transform into probabilities?

Betting odds – Decimal betting odds

Betting odds in an American model – turning them into likely chances

Betting odds by fractional model – how to become probabilities

Betting odds – How does Bettingmetrics help you find the most effective formula?

Betting odds – Catch the freedom of action with Bettingmetrics!

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