mitigating accumulator overround disaster
Accumulators allow you to combine multiple bets, and potentially win big when all your selections win. Accumulators may seem great news to casual gut instinct bettors. After all, they offer the chance to win a lot of money for a small amount gambled. However, for the value bettor who is looking to potentially make a long term profit from betting, accumulators pose a great problem! We have already discussed the notion of overround - bookmakers will want to build in a profit margin on the markets they offer. However, when overrounds are multiplied it can …
accumulators explained
Accumulators Explained: If you place a double or a treble, you have placed 2 or 3 bets respectively. ALL your bets need to win, for you to make a profit (and get your stake back). If all your bets don't win, you lose your stake and don't get any profit. If your first bet wins, BOTH the winnings and the stake are combined to become the stake for the second bet etc. 4 bets can be called a fourfold. 5 bets can be called a fivefold. 6 bets can be called a sixfold. Although, …
moneyline odds
We have already explained how to understand the Fractional Odds system used by UK bookmakers, as well as the popular Decimal Odds system. For completeness, we thought we would also explain the ins and outs of Moneyline Odds. This system is popular in the USA, and as such we will use dollars in the examples below (but of course the same principles apply whatever the currency). To understand Moneyline Odds, first look at if the odds are positive or negative. Then, look at the odds. Moneyline Odds are expressed per $100 staked (although of course, …
What are Decimal Odds?
Having understood the ins and outs of Fractional Odds (traditionally used by UK bookmakers), we think it will be a useful exercise for you to understand the Decimal Odds system as well. Decimal Odds show how many times your original stake (INCLUDING your original stake) you will get back if your bet wins. Obviously, this number should always be more than 1.0 as you should always get back your original stake if you win, plus some profit. Compare that to Fractional Odds which only show the potential profit you will get back if you win …
fractional odds explained
Bookmakers in the United Kingdom (and Ireland) usually quote prices using fractional odds (i.e. 5/1, 1/2, etc). How much do you really know about Fractional odds? Fractional odds show how much the bettor can profit, relative to their stake, IF their bet wins. In this article 'Fractional Odds explained in detail' we explain everything you will need to know about fractional odds. Fractional odds show the payoff:stake ratio. The left hand number of the fractional odds is the amount of profit you will make IF your bet wins (PAYOFF), and the right hand number is …