What is an odds in sports betting?

In the article, we will discuss the topic of coefficients, which are a key element in betting. It is impossible for a bettor, even a novice, not to know how it works. We also suggest paying attention to pinup-casino.in bonuses – take advantage of the welcome bonus for the first deposit and get the most from betting on sports and online casinos.

Sports betting odds are usually calculated by bookmakers or betting platforms. They are determined taking into account all the parameters that a match can cause. To find out how much you are likely to win if your bet is successful, you need to multiply your bet by the match odds. This is the amount you will win if you place the correct bet.

Sports betting odds and odds

When we talk about odds, we are talking about the possibility of an event occurring. Therefore, it is important to understand that the higher the odds, the lower the probability. It simply means that the higher the team’s odds, the less likely it is to win.

In addition, the coefficients are determined depending on several elements:

general training of the team;
venue of the match;
at home or away;
players in the protocol;
weather.

When making a forecast, the minimum coefficient that can give a bet is 1.01. Such odds are very rare in sports betting. This means that the team that received such odds is almost certain to win.

Usually, this type of odds is found in individual sports matches. For example, boxing or tennis matches. In this case, a well-known and successful player will be playing against a much lower level player. Therefore, the latter has almost no chance of winning the match.

On the other hand, the odds given to the player with the lowest level will be very high. Because it seems logical that he has no chance of winning. However, if this is the case, it is possible that the person who bet on it will hit the jackpot. But such meetings are relatively rare.

Decimal coefficients

Experts believe that this is the most convenient and affordable way to indicate the probability of the result. In this case, the fact that exactly this option is implemented, demonstrates using a decimal fraction.

For example, if the experts believe that Bayern will win a certain match with a probability of 80 percent, he translates it into a decimal coefficient using the following formula: 100% / 80% = 1.25. Since this display is popular in Europe, including in the post-Soviet space, it is also called “European”.

Seeing it, it is easy for a client, even an inexperienced one, to calculate the potential income. In our case, 25 will be added to the bet of $100 from above after a win.

Fractional coefficients

This type of notation of the probabilities of the result is popular in conservative Great Britain. And many bookmakers focusing on the English market, including large ones, demonstrate this option “by default” on their online resources.

In the already taken example with the victory of “Bavaria”, the decimal coefficient of 1.25 turns into a fractional 1/4 (or 4/16). What is obtained when dividing the numerator by the denominator will be the coefficient by which the rate will be multiplied.