This is because odds are more about determining bets than they are specific to the sport. And, odds are trying to tell you the probability of a certain outcome. Check out the latest Monday Night Football betting odds >> Football Game Odds. Typically, when looking at football odds, the date and time of the game will be on the left.
How to Read Football Odds Method 1 Method 1 of 3: Understanding Point Spread Odds Download Article. Understand that the favored team must win by... Method 2 Method 2 of 3: Learning Money Line Betting Download Article. Know that money line odds are based only on which... Method 3 Method 3 of ...
The bookmakers use the margin and provide overall odds that are slightly lower than what they should be. If both outcomes have the same percent probability, then the odds should be even (2.0), which means that if you wager £100, you will stand to make £200 if you win.
The reward may be either positive or negative. A positive value is if you are more likely to win a wager than the chance in the odds. In other words, a positive value exists when your wager is more likely to win than suggested in the odds. If a wager is less likely to win than the odds suggest, a negative value is.
If the three coefficients were placed on a pie chart (see right), the probability of each team winning is the same as how much of the pie chart they take up. To find this, we divide each value by the total of all values. So for our example, the total of the three coefficients is 3.722, and our three probabilities are:
If a bookmaker is offering 4/6 odds on Liverpool, for example, it means their chances of winning are 0.6, or approximately 60%, which is reasonably strong. When the odds are presented in decimal form, simply divide 1 by the entire number, then multiply the answer by 100.
Tip #2 – Profit with matched betting. One of my personal favourite tips to win big on football bets is to use a method called matched betting. This strategy is incredibly profitable with some matched bettors making up to £1000 per month. Here’s an example of how one bettor turned £87 into £7500 in just 7 months….
If, as I think was intended, you look at the only two possibilities as win and lose then 1:3 odds in favor of winning means that you win 1 game for every 3 you lose. In other words, the home team wins 1 out of every 4 games which makes the probability of their winning 1/4. That makes the probability of the other team wining 1 - 1/4 or 3/4.