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Are Betting Odds Worthwhile Calculating? Are Betting Odds Always Fair?
Why are there more Losers than Winners in the Sports Betting World?
A vast amount of gamblers never achieve betting returns high enough to crossover to the exclusive group of people who make a living from betting. Even worse, the majority of...
Understanding Betting Odds – Moneyline, Fractional Odds, Decimal Odds, Hong Kong Odds, IN Odds, MA Odds
The Two Types of Odds Formats
There are all kinds of explanations on the Internet about various odds types, and the majority of them distinguish between fractional, decimal, and moneyline odds.
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Unfortunately, this...
Betting Odds Converter – Fractional, Decimal, Moneyline, Hong Kong, Indonesian, and Malay
Quick Odds Converter to switch odds between US, decimal, fractional, percentage, Hong Kong, Indonesian, and Malay formats – converts odds into their implied probabilities and net returns, and vice versa – converts probabilities and...
Football Betting Odds: Study Comparison Bookmaker vs. Exchanges Odds
It may surprise you to know that when placing a back bet before the commencement of a game, our research shows that more than 85% of Betfair’s odds (at 5% commission) can be beaten by bookmakers whether you are betting on the home win, draw,...
How is Overround Calculated and what are the Benefits of Removing it from the Betting Odds?
Simply put, overround is the bookmaker’s profit margin. Overround percentages vary and usually average between 4 and 7%, depending on the bookmaker.
Although bookmaker odds do not always fully represent the ‘true’ (expected)...
What is 1X2 Full-time Betting? Bookmakers vs. Exchanges Odds & Overround
Both inexperienced and first-time punters new to the world of online football (soccer) betting may be pondering the question, “What actually is 1X2 betting?“
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‘1X2’ is an abbreviation...
Odds to Use for Ante Post Football Betting Systems
Bookmakers’ Motives in the Ante Post Market:
Towards the end of the ante post market many smaller bookmakers will already have reached their financial liability threshold for a particular match outcome and drop out of the race to be best...
How to Calculate Average Odds in Football Betting
Sometimes it is necessary to figure out the average odds from a set of betting odds which can then be used as the basis for further calculations. For example, computing deviation and variance.
When using odds in European format (decimal) you...
Are Odds at Betting Exchanges Always Better than with Bookmakers?
The answer to this question is unequivocally YES and only in rare or extenuating circumstances are odds in betting exchanges priced less than with a bookmaker.
The reason is simple: If the ‘back’ price for an event with a bookmaker...
Over Under Betting in the Season of the Coronavirus
This experiment in association with Bild.de online magazine was suspended on 5th May 2021.
In July 2020, after the first wave of the coronavirus, when most of the leagues resumed their games Soccerwidow performed a public experiment to see whether...