Before we start practicing a certain type of game, it is extremely important to get acquainted with the rules of the game. This is a truth that is also used to a great extent in stakes. Before this player decides to make a bet, he needs to be aware of the basics that motivate this move, so the basis is to have complete and accurate information aboutbetting odds. Without the necessary competencies forbetting oddsbettors will not be aware of what the likely outcome of the match in question would be and what its possible revenue would be – any advice that would make it much more progressive and progressive.

## Betting odds in a decimal model – how to switch to probabilities?

To pass the decimal betting odds into probabilities, the player needs to work with this formula:

1 / odd decimal odds * 100. As a comparison, at 1.46 bets, odd probability will be 1 / 1.46 or 68.49%.

## Betting odds according to an American model – computing them in probable chances

Transforming American betting odds into implicit probability, the participant is important, of course, that ways are the other for negative and positive betting odds.

## Betting odds by fractional model – make probabilities

To make the odd fractional bet in probability, the formula is this denominator / numerator * 100. If we take a 7/3 fraction bet, the chances will be:

3/3 =

3/10 =

0.33 * 100 = 33.33% assumed probability.

## Betting odds – what is their real idea?

In order to be clear on the betting odds, you must necessarily be at the "you" with the base odds system. The most common example of probability is the mobile dice. You have 6 sides and the chances of reaching "five" is 1 / 6th. In other words, 100% of all countries divided by 6 for each country of the dice – your chances are exactly 16.66%.

Another example is appropriate to explain by throwing coins – when the "go" or "turn" options are 50%. Betting odds are quite relevant to this – they portray the participating probability probability of the end of a particular event. Being a specialized player requires a wide range of qualities, one of which is to have a solid knowledge of the different types of betting odds.

## Betting odds in their American version

American betting odds are an idea that differs from the decimal and betting odds because of the fact that they can be considered as negative or positive. It is really important that every player understands that American betting odds are practiced differently after the bettor has made a bet on a favorite team or on the opposite. The explanation is simple – when you place a bet on a favorite team, American betting odds expose the amount to be invested in order to earn 100 pounds.

## Betting odds

Once the person in question has accumulated in-depth skills regarding betting odds, odds and probabilities, he would be able to develop a betting intention that would focus on opening wagering worth. Let's look at an example of betting on values.

For example, three bettors will make a bet on the same event at the same bookmaker – Chelsea vs. Manchester United. He gives them such betting odds – to win Chelsea – 2.33 or 42.92%, to win Manchester United – 3.67 or a relative probability of 27.25%, and for a tie – 3 or 33.33%. In this case, every player will make efforts to have a gross profit of £ 200.

Betting value has a basic function for every player who sees betting as an investment instead of gambling.

## Betting odds in their fractional form

Fractional betting odds are definitely common in the UK and depict the net worth the player will win if he makes a winning bet. Therefore, if a player wishes to bet at £ 50 for fractional stakes of 10 to 1 or in a win, he will have his net profit of £ 500. Such betting odds have a chance to be called in a variant, also known as the chances of Hong Kong. It also shows the participant's net return, but the presentation is not partial or decimal.

## Betting odds – how exactly Bettingmetrics will help you get to the most working formula?

The program gives participants a chance to have their entire betting history in the system, and with the appropriate means to analyze their results in history to make them more useful and efficient. We at Bettingmetrics have made software that allows participants to have all the betting odds. In addition to this, we added a feature that briefly shows the player's potential for success.

We realize that today's time is equal to income, and because of this we are currently working on a betting odds comparison section on our online page, which has been requested very often by our users. By allowing customers to compare betting odds right on our webpage, they save much time as we increase the levels of automation needed for action. This is not really a factor that we only operate with a betting odds compression section – we also have billing sync options automatically tracked and analyzed by our program product.

## Betting odds – Choose your bettingmetrics strategy!

In addition to the Betting Metrics Betting Method, you can find the most suitable Betting Metrics betting calculator, betting tool tracking tool, odds calculator, and other useful widgets.

bet tracker

track my bet

bet calculator

betting tips

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Betting odds in a decimal model – how to switch to probabilities?

Betting odds according to an American model – computing them in probable chances

Betting odds by fractional model – make probabilities

Betting odds – what is their real idea?

Betting odds in their American version

Betting odds

Betting odds in their fractional form

Betting odds – how exactly Bettingmetrics will help you get to the most working formula?

Betting odds – Choose your bettingmetrics strategy!