Search for odds calculation

Football Betting Odds Calculation Course – How to Calculate Odds – Over / Under ‘X’ Goals

Please note that this is an archived post. Here, we describe the 1st edition of our Over/Under ‘X’ Goals Betting Course. We decided not to remove this post from the site because of the many questions and answers in the comments section....
Man with 4 arms and juggling with calculator, abacus, note pad and pen / Mann mit vier Armen jongliert mit Taschenrechner, Rechentafel, Notizblock und Stift

Calculation of Odds: Probability and Deviation

Calculating odds is a science, and statisticians/analysts, who can do the job competently, receive good annual salaries (GBP 50k-80k; €60k-95k: Quantitative Analyst). These jobs are paid so well because the results form the backbone of each...
Cartoon: Group looking at a whiteboard with very strange word on it / Karikatur: Gruppe vor einem Whiteboard mit einem sehr seltsamem Wort

How do Bookmakers Tick? How & Why do they Set Their Odds as they do?

Becoming a successful bettor requires not only a deep understanding of odds calculation but, it is also necessary to understand how the market works and especially how the bookmakers operate. Of course, bookmakers are in the business of setting...
Computer mouse attached to football bearing 1X2 symbols / Computemaus befestigt an einem Fußball mit 1X2 Symbolen

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?“ Image: archideaphoto (Shutterstock) ‘1X2’ is an abbreviation...

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...
Oddsportal Settings Screenshot

Understanding the Settings in Oddsportal

The only free source of historical, time-stamped odds available for a range of sports (not just soccer), comes courtesy of www.oddsportal.com. From a football perspective, although we personally limit ourselves to analysing only the previous...
Business woman holding calculator / Businessfrau mit Taschenrechner

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. Image: paffy (Shutterstock) 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...
Woman on rolling Euro carpet / Frau auf einem ausgerollten Euro-Teppich

What is a Bet? What are Odds? What is a Stake?

The only one of these terms which is obviously straightforward is ‘Bet’, and I am sure all of you understand what a bet is. Even the term ‘Stake’, at least so long as it is money related, is easily understandable. Whatever level your...
Table showing the calculation of odds toggle figures

1X2 HDAFU Tables: Odds Toggle Function

All of our 1×2 HDAFU simulation tables (Home-Draw-Away-Favourite-Underdog) are based on highest bookmaker odds at the close of the ante post betting market (i.e. match kick-off time, when the market switches to ‘in-play’). All...