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For those just starting out. Sports betting is all about betting against bookmakers. This is very different from betting against other people like most people. This is also different from pool betting. Bet is a betting company that provides a platform for betting activities. They also provide prices and expected wins on each football match.
All you need to do is determine the outcome of a specific match or series of matches. You don’t have to predict the exact score line. Although there are bets where you can predict the exact score line. The price per match will be determined by how difficult or difficult it is. The easier the match, the smaller the potential return. The harder the match, the higher the potential return.
Let’s use football to describe:
Assuming TEAM-A at the top of the league table wants to play TIM-B who are under and out of form at home, we all know there is a very high probability that TEAM-A will win if in good form plus all the advantages to their side. The money you expect to win if you bet TEAM-A will beat TEAM-B is actually very small.
On the other hand, if you say TEAM-B will beat TEAM-A, then the expected monetary return will be high. It would be high too if you said it would end in a draw.
Good. Let’s move on.
Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds are 4/1. That means that if you bet with $1 you will win $4 plus your initial $1 which makes your total earnings $5. I have used US dollars above as an example. Most bookies operate in Pound Sterling, dollars and Euros. So if you wanted to bet, what would you do? Start analyzing and see the possibilities. TEAM-A to win at 2/7 means to win $2 you have to play with $7. You need to ask yourself is it worth risking $7 to win $2? Or will you back the weaker B-TEAM to win at 4/1? You only need to enter $1 to win an additional $4. But will TEAM-B beat the stronger TEAM-A at home? The greater the risk, the greater the potential return, the lower the risk the lower the potential return. That’s where your football mind and knowledge is needed.