Search for odds calculation
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...
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...
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...
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...
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...
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...
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...
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...
