Holding Midfield: Football Odds Explained

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Unlike popular belief, football betting is so much more than just luck and a few good guesses. The main thing that influences your profit is the odds assigned to each team in a certain match. Generally speaking, odds simply represent the probability of that particular team finishing the game with a specific score. Hence, the bookmaker basically accepts your bets against the odds they’ve placed. For a better understanding of this principle, it’s important to know the three types of odds that you’ll encounter when betting on football, online or in real life. The first type is known as decimal odds. Although primarily connected to football betting in continental Europe, many betting sites tend to allow conversion for a better betting experience. Decimal odds start with a 1 unit bet and aim to show you how much money you would win with this stake. For a more precise wager, bookmakers usually narrow the odds to two decimals. Imagine a decimal odd of 1.50 with a 1 unit bet. It will win 0.50 units, should you choose to bet against these odds. Considering this, the conclusion is that the higher the odds, the greater the gain, and the risk and vice […]

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