Betting in the modern world is gaining momentum more and more actively, but not all players are familiar with its various subtleties. Sports betting is considered by many to be an easy way to make quick money, making bets impulsively and not getting the expected gain from this. To achieve success in the game, you must first familiarize yourself with the features of this gambling entertainment and acquire certain skills that will help you realize your goals in practice in the future. So, it is worth paying attention to such important details as the odds from the bookmaker, as this allows you to make under-over betting that will be successful and bring the player a decent reward. But not all of the odds that are available to users are high and profitable. To find just such and enjoy the game, there is a special strategy for calculating the optimal odds for making a successful bet.
How to correctly calculate the odds for choosing a bet
This question is one of the most common among all beginners who want to learn how to make the right bets that will become successful. For this, there is a special calculator that helps players calculate the possible winnings from a certain type of bet. Its algorithm is quite straightforward. All that needs to be done is to indicate the amount that you are going to bet on this or that event, as well as the odds indicated by the bookmaker. The calculation formula in such a calculator works in such a way that in the final result you get data on the number of possible winnings if your chosen bet plays and becomes successful for you. Through such simple mathematical calculations, you can independently determine how profitable this particular bet will be for you, and whether it is worth focusing your attention on it.
What calculations need to be made to find out the number of winnings that you will receive from a certain bet if it is successful? For example, you are interested in boxing and want to place a bet on the victory of one of the athletes. You choose a fight that interests you, and you see the following odds at the bookmaker: for the victory of one of the boxers, it is indicated at 1.60, and if the other wins, it will be 2.70. You decide that you are ready to spend 5 thousand for this event and predict the victory of the first of the fighters represented by the bookmaker. If he really wins, and your bet wins, then after completing the deal, you will receive the following amount: 5000 multiplied by the bet 1.60, and you get the result equal to the amount of 8000.
But it is also worth noting that the total winnings include the amount of the bet. That is, from the result (8 thousand) it is necessary to subtract the amount that you bet on this battle (5 thousand). Thus, the amount of net winnings that you can get your hands on is 3 thousand.
As a rule, before the start of the battle and making a bet, a table is indicated on the bookmaker’s website, in which the possible options for your winnings are written. Such tables help gamblers decide which bet to choose and what net profit can be expected when depositing a certain amount in case you win.
You can also, if necessary, convert the odds from the bookmaker to a percentage of probability. This is absolutely easy to do, and you do not need special mathematical knowledge for this. All that is needed is to divide the unit by the value of the coefficient and multiply the result by one hundred percent. For example, if the bookmaker’s odds are 2.24, then the formula for calculating the percentage of probability will look like this: 1 divided by 2.24 and multiplied by 100, resulting in an indicator equal to 40.81%.
In any case, before making a bet, it is worth calculating in advance the probability of your winning to weigh all the pros and cons and make the right and deliberate choice. Only with this approach, success in the game will not belong in coming. And over time, with the accumulated experience, you will be able to skillfully choose among all the options offered by the bookmaker the one that in practice turns out to be the most profitable for you. As with anything else, sports betting is about thoughtfulness, seriousness, and a rational, not an emotional component.