You might have frequently heard of something called odds in football betting. There are the odds of winning, losing, players being picked, and much more. Yet, being a novice in the betting world, you lack sufficient knowledge on the same. However, it’s worth mentioning that it’s really important to understand about the odds, and how they can be well analyzed and compared, so as to enhance your returns. Hence, here is a beginner’s guide for all you amateur bettors on the football matches.
These Are Different From What You Learned In Your Basic Mathematics
Needless to mention, most of you when you come across the odds in football betting, you simply relate it to what you learned in your basic mathematics during your school days. Well, that’s not completely irrelevant, but of course the odds in betting have some discrepancy.
In essence, you can say that the only way that these two concepts of odds are related is that they both represent the likelihood of an outcome, a representation of probability. However, there are real differences. Say for an example, based on the basic mathematical statistical calculation, you can simply say that the probability of Team A wining the match is ˝. However, if this ‘Team A’ is Brazil against Northern Ireland or Team B, then the scenario would be different. New betting websites will now come up with odds considering additional data, including the previous facts, public opinion etc.
So, what is Odds Comparison?
By now, you might have a clear idea as that odd in football betting is about how likely something in the match is going to be. However, it also reveals, how much money you would be able to make betting on that outcome. Anyways, the next important aspect you need to understand about world cup odds is that how their comparison can be beneficial for you.
To understand odds comparison and its benefits well, consider a football match between two teams. Of course, there are only three possible outcomes for each of the two teams, and those are a win, loss, or a draw. Again, if you bet that the 1st team will win, statistically it will be 1/3 as you choose one of three possible outcomes. However, if you ask three different bookies, they will tell you three different and complex values for the odds. Say, Bookie X – 21/20, Bookie Y – 12/5, and Bookie Z – 3/1.
Now, these values might not seem understandable for you being a novice in betting. However, by using a betting calculator, you can easily figure out that a simple $10 win bet, if successful, will fetch you from Bookie X – approx $ 20.50, Bookie Y- approx $34.00, and Bookie Z – approx $40.00. Clearly, you can analyze that Bookie’s Z odds seem to be the most lucrative one.
Odds Comparison Can Be Really Beneficial
Now, if you give a little thought to it, you will well understand that the real statistical probability or your actual odds of winning the bet don’t change with odds comparison. However, you can always enhance your winning amount and go for the best deal with odds comparison. Hence, it’s always advisable to compare the world cup odds well before placing your bets.