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For those just starting out. Sports betting is all about betting against bookmakers. It’s quite distinctive from betting against others the way plenty of people do. It’s also distinctive from pools betting. Bookmakers are betting businesses that provide the platform for betting activities. They also provide the costs and expected winnings on each football match.

All you will need to do is to discover the outcome of a particular match or perhaps a series of matches. You do not need to predict the exact score line. Although there are actually bets in which you can predict the exact score line. The cost per match will be decided by how hard or difficult it really is. The easier the match, the lesser the potential returns. The harder the match, the higher the potential returns.

Let use soccer (football) for illustration:

Assuming TEAM-A along with the league table wishes to play TEAM-B who are at the bottom and out of form at home, most of us know there is a quite high likelihood that TEAM-A would win if in good form plus all of the advantages to their side. The cash you are expected to win if you bet TEAM-A will beat TEAM-B will be very small in fact.

In contrast, if you say TEAM-B will beat TEAM-A, then the expected monetary returns would be high. It will be high also if you say it shall end in a draw.

Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds could be 4/1. That implies that if you bet with $1 you will win $4 plus your initial $1 that makes your total earnings $5. I have used US dollars above being an example. Most bookies operate in Pound Sterling, dollars and Euro. So if you want to bet on it, what would you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 you will need to play with $7. You need to ask yourself is it worth risking $7 to win $2? Or shall you back the weaker TEAM-B to win at 4/1? You only need to put in $1 to win an extra $4. But will TEAM-B beat the stronger TEAM-A at home? The greater the risk the higher the potential returns, the lesser the risk the lesser the potential returns. That is where your football mind and knowledge is needed.

Let’s Understand Prices/Odds more using real soccer teams for example.

Take a look at this match within the fixture and price. Lets say Chelsea F.C. to beat Manchester City at home is priced at 2/5. That’s you bet with $5 to win $2. That’s an overall total expected returns of $7.

(Always remember that the figure at the end is what you stake with and the one in front is exactly what you will win)

The match is 11/4 for a draw and 6/1 for an away win for Manchester City. It means 1/1. You play with $1; you win yet another $1. You play with $100 you win an additional $100.

Not all odds are written in fractions. As in not written like 3/1, 1/5, 4/9 and so on. Some odds are written in decimals like 1.35, 2.42 etc. If you see 2.42, it simply means if you bet with one dollar, you will earn return of 2.42 dollars. What ever figure is shown, it implies that it’s what will be returned if you place $1. So you may calculate your expected earnings in accordance with what you want to bet on.

Additionally, there are the American Odds presented in form -110,+220,etc. The Decimal odds seem to be by far the best to calculate. The bookies (bookmakers) can know what sort of odds they will be using. Actually some bookmakers make it possible for you to pick the odd type that suits you. Whatever Odd you use the result will be the Same. Alternatively, chose only Odd type you are confident with.