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 …
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 …
Numerous websites and software tools have popped up which claim to allow you to spot guaranteed profitable betting opportunities, by taking advantage of the differing prices on outcomes in the same market between different bookmakers. We explained how you could start to find the best value markets at your favourite bookmaker. This involves working out the overround on a particular market. The lower the overround the better. However, these websites and tools take this a step further, and claim to be able to find opportunities (by placing bets at multiple bookmakers, on different outcomes in …
If you keep placing bets on outcomes of events, just because you fancy teams/players to win (Gut Instinct), without considering the odds fully then you will likely be losing money in the long run. Value betting involves independently considering if the odds offered are better than the true probability of the outcome happening, and only placing bets if that is the case. Let’s start our Why is Value Betting superior to using Gut Instinct? article off with an example: Let's say you are considering placing a bet in an event in which there are two outcomes only, …
Diligent sports betting bankroll management can be the difference between winning sports bettors, and those who are destined to lose all their money. Here's an example: Let's say that you have £1,000 to gamble with in total in your sports betting account with a bookmaker, but cannot replenish this money if you lose. Let’s say you were betting on an event with only two possible outcomes, and the bookmaker was offering 6/5 on outcome 1, and 1/2 on outcome 2 (this is a made up example). Let’s say according to your value bet calculations, you thought …