Betting odds explained

What is a betting odds: betting odds explanation?
Anyone who has already looked around at a betting provider should have seen how exactly betting odds are displayed. We have already given you a basic betting odds explanation, now we will go into detail.
Some might be a bit confused now, since there are three odds instead of two. In addition to betting on a win, draw bets can of course also be placed as a possible result in football. The middle odds therefore always stand for a draw, while the outer odds stand for a win for the away team.
Calculating betting odds is very easy. You will have to do is multiply your stake by the odds. If the bet on a victory for Leverkusen was successful, the odds – in this case 1.60 – are multiplied by the stake. With a bet of 100 $, this results in 160 $ and thus a net profit of 60 $. Note that most bookmakers charge a betting tax of 5% on your winnings. There are also numerous sports betting tools for calculating betting odds on the Internet. When you place a bet on more than one event, it is called a combination bet. In this case you simply multiply each additional betting odd together and then by your wager amount.

What exactly do sports betting odds say about the event?
Here is betting odd explained, there is only one thing to understand: if the sports betting odds are low, the result is very likely to occur, if the odds are high, it is rather unlikely.
As a guide, you should remember the odds of 1.80. If the betting provider sets this odds for a game, the probability that the event will occur is approximately 50%. It is more likely that an event will occur less frequently, thus offering better odds and a higher profit.
A sports betting quota can be fixed or variable. Fixed means that the quota does not undergo any changes after it has been set for the first time.
A variable sports betting odds, on the other hand, will change over time due to both the bets placed and the changing shape of the teams. With live betting, the odds naturally change with every single situation. For example, if David are unexpectedly 2-0 down at half-time against the promoted team, the odds of a win increase significantly.

Top odds: The perfect time to place a bet
Understanding betting odds is now easy, but when is the best time to place your bet slip in terms of odds is controversial. Does it make sense to place your betting tips as early as possible (sometimes several weeks in advance), or should you wait up to five minutes before kick-off? Unfortunately, there is no generally correct answer to this question. We have noticed different behaviors in relation to betting odds depending on the bookmaker. It also often depends on what you want to bet on (favorite or underdog). Our experience shows, for example, that the sports betting odds for the favorite some time before the start of the game are usually very loware. Here it can make sense to wait until "just before the end" - sometimes it is even advisable to let a quarter of an hour pass before you place a live bet on the favorite's win rate, which has meanwhile increased.
In any case, the fact is that you usually commit yourself unnecessarily by placing a bet early. A lot can still happen before kick-off: player failures, tactical surprises, weather conditions, player transfers and much more.

The golden rule :  If you think that the current betting odds will increase, wait before placing a bet. In contrast, if you think the odds are already high and aren't likely to go higher, you should bet promptly.
In our sports betting odds tricks, we recommend placing a bet neither 5 minutes before kick-off nor several weeks before - a compromise in the middle (= one or two days before) is usually very good. But this recommendation is certainly not always correct! Attention: Once a sports bet has been placed, it cannot be canceled or reversed.

Short and sweet:

• No universally valid optimal time for placing a bet can be determined
• Not too early and not too late (= bet placement 1 or 2 days before)
• Placement of bets is tied to the current level of information and makes you inflexible
• In some cases, you should wait until after kick-off before placing a bet (= live betting)
• Sports bets that have already been placed cannot be cancelled

Find the top odds with a betting odds comparison

In our answer to the question: "What are betting odds?", we explained how the bookmaker calculates them. In our example, however, we have always assumed a betting provider. In fact, there is a universe of independent bookmakers out there. Each bookie calculates the probability of occurrence for the outcome of a game in a different way. This results in different betting odds. Of course, a higher quota has a profit-increasing effect. Therefore, it should be every player's will to find the best odds for betting on soccer or any other sport. On your own, however, this only works very bumpy. After all, every betting odds of every bookmaker would have to be researched and a ranking created from this. The much more comfortable solution is a clear betting odds comparison, which automatically searches for the best odds for the respective game. As a player, you should always keep in mind: A higher win rate means, if successful, a larger profit, i.e. cash.