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

All you need to do is to ascertain the outcome of a particular match or possibly a series of matches. You do not need to predict the exact score line. Even though you’ll find 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 bigger the potential returns.

Let use soccer (football) for illustration:

Assuming TEAM-A together 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 extremely 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.

On the flip side, if you say TEAM-B will beat TEAM-A, then the expected monetary returns would be high. It’s going to be high as well if you say it will end in a draw.

Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds could be 4/1. That suggests that if you bet with $1 you will win $4 plus your initial $1 which makes your total earnings $5. I’ve used US dollars above as 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 you have to play with $7. You’ll 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 greater the risk the higher the potential returns, the lesser the risk the lesser the potential returns. That’s where your football mind and knowledge will be 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. Which is you bet with $5 to win $2. That’s a total expected returns of $7.

(Always remember that the figure at the end is exactly what you stake with and 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 a further $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 is what will be returned if you place $1. So you may calculate your expected earnings as outlined by what you want to bet on.

There’s also the American Odds presented in form -110,+220,etc. The Decimal odds seem to be by far the simplest to calculate. The bookies (bookmakers) can know what sort of odds they’re going to be using. Actually some bookmakers make it possible for you to choose the odd type that suits you. What ever Odd you use the result will be the Same. In contrast, chose only Odd type you are confident with.