Monday, 10 November 2014

Understanding Betting Odds

The basic idea of putting odds is to encourage betting on both sides of the game. This will enhance the flow of betting. Understanding how the betting odds work is simple as it sounds. The way they do it is by giving an additional profitability to the underdog. Let us take first have an example. There is a match between boxers. Boxer A is thought about of the finest boxers in the field. They had a nice track record to speak off while boxer B although they won a quantity of his fights is thought about only as a beginner.

Ideally most betting enthusiast would bet on Boxer A as the most probable winner of the fight. In this sort of scenario there is indeed an imbalance if 90% of the bettor put their money on Boxer A. To keep away from this sort of situation the bookie needs to put an additional advantage when betting to Boxer B. The bookie puts an added bonus in case you bet on boxer B. It creates a scenario where in in case you bet on Boxer A you would only get what you placed which is in this case in case you bet a 100 then you would get the same about and your preliminary bet. On the other side when you bet on boxer B your chances of winning will be increased, in this case when you bet a 100 you will get an additional twenty and plus your preliminary bet.

This creates a scenario of what if. There is a chance although some may think it is slim that boxer B could win. If they does then you could increase your fortune. This is fundamentally the simplified version of odds game. Knowing the way it works is simple. It depends on the percentages, and or multiplier given to the preliminary bet. That is your additional winnings.

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