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For those just starting out. Sports betting is about betting against bookmakers. It is quite not the same as betting against other people the way most people do. Additionally it is 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 determine the outcome of a particular match or a series of matches. You do not need to predict the exact score line. Even though there are bets the place you can predict the exact score line. The price per match will be decided by how hard or difficult it 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 wants to play TEAM-B who are at the bottom and out of form at home, all of us know there’s a quite high likelihood that TEAM-A would win if in good form plus all 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.

Alternatively, if you say TEAM-B will beat TEAM-A, then the expected monetary returns will 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 might be 4/1. That suggests that if you bet with $1 you will win $4 plus your initial $1 that makes your total earnings $5. I’ve 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 will you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 it is important to play with $7. You need to ask yourself is it worth risking $7 to win $2? Or will 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 higher the risk the greater the potential returns, the lesser the risk the lesser the potential returns. Which is where your football mind and knowledge is necessary.

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.

(Remember that the figure by the end is exactly what you stake with and also the one in front is 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 one more $1. You play with $100 you win yet another $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 means that it’s what will be returned if you place $1. So you may calculate your expected earnings according to what you want to bet on.

There are also the American Odds presented in form -110,+220,etc. The Decimal odds seem to be by far the easiest to calculate. The bookies (bookmakers) can evaluate which sort of odds they are going to be using. Actually some bookmakers enable you to pick the odd type that suits you. What ever Odd you use the result will be the Same. However, chose only Odd type you are at ease with.