![]() ![]() NCAA: Penn State-Michigan Best Bet NCAA: Alabama-Tennessee Best Bet Daily Newsletter Calling all three bets correctly on one parlay is a lot tougher than calling three moneylines, so choose wisely: you're not going to have the other two bets to fall back on if one leg fails. ![]() However, if for example you want to place simple moneyline bets on three matches happening on the same night, you might as well turn it into a parlay for a much higher potential payout. When should I place a parlay wager?įor starters, wagering is for entertainment and not investment, so as long as you're betting within your limits, there's no wrong time to place a parlay wager. ![]() Pick a sportsbook that keeps its lines competitive for the best price possible on a bet. The short answer: sportsbooks tend to make a good chunk of their money off of parlay bets, and it's rare to find a bet priced at what you'll expect. How can I get the best price on a parlay bet? If, for example, the result of multiplying legs of a parlay bet is 6.97, for a stake of $100, you stand to win $597 ( 6.97 x $100 minus your initial $100 stake). Then, multiply those decimal odds together for the overall odds for that parlay. To do the math: convert the odds on your lines to decimal format (or simply use our odds converter). But do not forget, that you will pay a commission from net winnings to the exchange, that impact the net odds you are able to realize.Parlay Calculator FAQ How do I calculate a parlay payout?Ĭalculating a parlay payout involves a bit of math, so the best and quickest way is to use our calculator above. Betting exchanges also tend to provide fair odds as they are ruled by supply and demand. The fair odds are available just in case you are making a bet with your friend. I do not see the margin as absolutely unfair (of course it depends on how high it is), as bookmakers need to cover their costs and provide also a lot of additional services (statistics, live scores, etc.). They only bet on matches with fair odds to ensure that in a LONG RUN, they will become profitable. ![]() #Fair odds soccer professional#Generally, the bigger favorite in the match is, the higher-margin will be included in odds. Professional gamblers treat betting as an investment. The margins of bookmakers differ depending on the sport and the exact match. In case that bookmaker will take the same amount of bets at every possible outcome, he will earn 3.44% of the sum bet on the match, no matter what the result will be. That would mean that bookmaker see the probability of every outcome at 34.48% and the sum of probabilities is 103.44%. In the real world, you will probably get odds 2.9 – 2.9 – 2.9. However, that would happen just in the ideal world. In our imaginary scenario, the betting odds for the above-mentioned match should be 3.0 – 3.0 – 3.0. (Note: The sum of probabilities for all outcomes has to be 100% because one and only one of the outcomes will definitely happen.) When you bet against the public, you are siding with the underdogs in the soccer game. In other words, you see the same chance of any possible outcome. If you bet with the public, you are betting on the favorites. You see the probability of Real Madrid win, Barcelona win and draw at the same level 33.33%. Imagine, that Real Madrid is playing at home with Barcelona. Professional tipsters always start the decision process on the bet with allocating probabilities to all possible outcomes of the match. The Probability to Betting Odds Calculator and Betting Odds to Probability Calculatorįair Betting Odds and Margin of Bookmakers That is the simple first rule you should stick to. The successful tipsters are trying to bet when they see the probability of the outcome higher than the bookmaker. The probability is the key to the betting decision process. (Note: I do not recommend to bet such lower odds in general) In that case, you should take advantage of your feeling of probability and bet on the City. 1.07, it means that he thinks that probability of City winning the match is just 93.46%. In case that bookmaker is offering higher odds, e.g. 95% probability means that fair odds should be 1.05. You feel that there is a 95% probability that City will win. Try to imagine that there will be a Manchester City against Cardiff match next Saturday. Probability versus Betting Odds – Calculatorįair Betting Odds & Margin – Calculator Probability versus Betting Odds In the betting industry, the probability of any outcome is mirrored in betting odds. Consciously or subconsciously you will always put a probability to the predicted outcome. The basis of any bet, either with your friend or with a bookmaker at the betting outlet, is the probability. ![]()
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