Everything we must know about ODDs in sports betting :)

[ricardobs]

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

[mersal]

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

in this situation we have to decide what we are doing and what is the next think that we have to do in gambling it will be more difficult and despair to understand what is going on here so it will be more difficult than we expect.

[MiguelCryptoss]

In gambling the only way to set a hole and entrap many greedy individuals called gamblers or bettors is simply setting the odd higher than the chances of winning the game. Greediness is the cause of loose in gambling likewise in sport betting.

Am a good bettor but always be careful of higher odds from the betting sites because that's what they used to get the attentions of their customers. Though not categorically saying that, higher odd are bad but most likely to be trap for bettors or gamblers.

[ethereumhunter]

If you can collect much information about each team, you will find how bigger the odds for the team to win the match. The better you can find out about the information about every team, and it will give you a bigger chance to win. And don't forget that luck factor still plays a role although it is only small luck. So you need to search for more information if you want to win because that will be the another key factor besides the luck itself.

[leonair]

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

[Oilacris]

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

It is enough and you cant really say that you will skip that odds because in each bet you would surely base on those numbers.You will able to see on whose the favorite and whose the underdog and with that
you will able to make some analysis on which team you would prefer to bet. Favorites aren't guaranteed teams to win anytime.

[YuginKadoya]

I really think that gamblers are not confused with what is odd is because they choose to gamble and they surely know what it is, I really think the people you are trying to point out here is all people that are not gamblers, Well I really think the distinction for us to say what is the odds with the following bets will be in both parties that you are making a bet on, Well I am a gambler as well and started because I want my cryptocurrency to grow, Well I really think sports betting is one of the platforms in gambling that has greater odds than the rest of other platforms.

[panjul07]

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

You may skip the odds but you may not make significant profit as when predicting the winning team looks so easy then the odds will be so low. The main point of looking the odds is that to give you more opportunity what is to bet on. If you are referring to soccer matches, once it come a match between a big team versus low team then most gambler will try to find other odds instead of bet on the winning team because of the low odds.

[KennyR]

Odds in sports betting is a way better to earn than depending on completely luck based casino. With casinos even on developing strategy it isn't assured about the winning. With sports betting better we analyze the event better will be the chances of winning in the event. On some events it is easily predictable about the end result by the starting of the match.

[BitBustah]

I prefer gambling in sports more than dice though because besides it's entertaining, you use to analyze real events that will also make you think rather than just rolling random numbers. If you are so hooked into a specific sports then it would really help you a lot as passion will kick in.

I play parlay most of the time and chooses teams win high percentage of winning rate even though it has less multiplier.

I do both but sports betting is something you can enjoy with your friends.  It can be very emotional though since games last a long time and often go down to the last minute of play.  I usually prefer to bet on the underdog for my bets.

[ralle14]

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

You may skip the odds but you may not make significant profit as when predicting the winning team looks so easy then the odds will be so low. The main point of looking the odds is that to give you more opportunity what is to bet on. If you are referring to soccer matches, once it come a match between a big team versus low team then most gambler will try to find other odds instead of bet on the winning team because of the low odds.

The bookmakers mostly know how big or small the odds are for each team becuase they're using tons of information(stats,injuries,insider stuff, etc) which we also use to predict the winner of a match. The only time they make mistakes is when a team or player doesn't have much recent matches or no head to head history against their upcoming opponents.

 Skipping the odds or not getting influenced on what the bookmaker gives does makes us more profit by reducing our losses and look for matches that have valuable odds.

[omonuyak]

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

I prefer football betting to any other betting because it is easy to predict the teams that will win than gaming or dice.  I strongly believe that the odd is always in favor of football gamblers.

[avikz]

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

If you really want to know about ODDs in sports betting and how it works, I recommend you to read the below articles. These are long in size so take time to read and understand. You would not have any further questions after reading these,

Betting Odds Explained – A Beginner’s Guide to Gambling:
https://mybettingsites.co.uk/learn/betting-odds-explained/

Your Ultimate Guide to Online Sports Betting Odds:
https://www.onlinegambling.com/sports/betting-odds-guide/?abt=1014-1

These two articles are enough to understand everything about ODDs in gambling so that you won't have to look elsewhere. Hope this helps!

[sheenshane]

I think this odds means that you have to bet your money to be the last one in the spot of the stake. What I meant was you have to speculate or predict that your bet it will be the latest stake for the gambling platform to pay-out and for you to be able to win the game. Of course, the gambling platforms were created to generate profit not to give free amounts of money to the players. In order for them to pay out, they have to at least gain their desired profit first.

[akram143]

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

after entering into the field of gambling we need to learn all about that so it can be very helpful for getting some technique and strategies without any other help so when betting on sports are prediction we need to know about all the things properly.

[shoreno]

I prefer football betting to any other betting because it is easy to predict the teams that will win than gaming or dice.  I strongly believe that the odd is always in favor of football gamblers.

Football is a kind of sport game so yes i do agree with you    . sport games have popular team and players where you can easily pick and with the higher chance to win the game .

I strongly believe that the odd is always in favor of football gamblers.

Not just football but also on other sports based gambling . odds of winning are much higher with them  .

Keep in mind that Sports based gambling is still gambling so dont expect to win at all times   .  luck still needed on here aside from good analysis  .

[ralle14]

I think this odds means that you have to bet your money to be the last one in the spot of the stake. What I meant was you have to speculate or predict that your bet it will be the latest stake for the gambling platform to pay-out and for you to be able to win the game. Of course, the gambling platforms were created to generate profit not to give free amounts of money to the players. In order for them to pay out, they have to at least gain their desired profit first.

This doesn't make sense on sports betting because if you bet late or near starting time what always happen is you get the worst odds possible. You could wait for live betting to get higher odds but it rarely happens against favorites. Sportsbook will always gain something from winning and losing bets because they put the juice (or house edge in casinos) on both sides. Depending on the sportsbook sometimes they put all the juice on the favorites and you'll notice it when you compare the odds of each sportsbook.  

[n0ne]

Like myself, I guess many gamblers here are getting confused on properly understanding about what is odds and what its significance in deciding profit levels. (I guess on the event of loss, there will be no need of odds as there will be only zero payments, right ?).

I just checked on wikipedia and found this:

In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.

I am just a dice gambler (precisely, I am a gambler only after adopting cryptos) and now want to extend my gambling into sports betting too. I have tried few dart and cricket betting and made profits too as per my friend's guidelines and honestly at those times I never bothered about what was odds. But, now I want to be independent sports better hence want to learn about odds.

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

Initially while getting into sports betting don't complicate yourself too much. We have got lot of much simple platform accepting cryptocurrency to do sports betting. The odds is the probability of the outcome. This varies according to the teams engaged in the game. If both the teams were equal you'll get equal probability, upon which you can find the multiplier providing almost similar winning.

If one is big and the opponent is not that strong to win, the odds can be seen. In the multiplier getting varied with the strongest having small percentage of multiplier on the betting value and the small team gets big multiplier. This too varies while we are in live betting.

[MakeMoneyBtc]

By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?

Even though when you bet on sports you have hundreds of different combinations to play like goals, corners, fouls, players and a lot of other bets, I think you can still make profit only from betting on the winning team. But you have a big disadvantage here and that because you cannot bet on every match since there will be times when you will find matches like Atletico-Juventus last night and here the right bet would have been on goals or corners, while many people have probably bet on Juventus. But still, if you are careful enough and choose the right matches and know how to analyze them you can make profit.

[Natalim]

~snip

Welcome mate, if you love sports I'm sure you will appreciate sports betting.
Thanks for sharing anyway but that is just a basic terms and even gambler who are into sports needs to understand that.
I would like to add some Sports Betting Terms: A Glossary For Sports Bettors.