Home » What are bookmaker’s odds, and how is it calculated?

What are bookmaker’s odds, and how is it calculated?

by Sonal Shukla

Every player strives to win, but not everyone becomes a winner. Experienced people try to calculate the success of a particular player. Everyone who decides to use the services of a bookmaker needs to know what the odds are and how to calculate it.

The coefficient is the probability of one or another outcome, considering the bookmaker’s margin. By the coefficient, determine the possible payout and net profit in case of a successful bet.

All indicators for the calculation are used indirectly and can only give hope for profit.

Before contacting a bookmaker, it will be useful to get acquainted with the rating of such offices and make a choice in favor of the most stable company. As a rule, employees of such offices are well versed in their business and will help their clients.

Fairplay app

We would like to introduce you to our mobile application, which you can download fairplay apk. This will make your use of our services more comfortable.

Most people prefer to use a smartphone instead of a computer to access the Internet, and with regards to sports betting, in some cases it is much more convenient and faster. One of the advantages of an application fairplay app india on Android or iOS is the consumption of less traffic, which ensures fast loading of information on the screen of a mobile device, and also provides significant savings in Internet traffic.

For those who want to try themselves, as well as for experienced players, we offer a convenient Fairplay apk for the smartphone. It is available for both iOS and Android. You can download the application from the official website. Follow the instructions and in a few minutes, you will be able to fully use the application. Do not try to download the application on third party platforms and do not search for it on Google Play.

Download Fairplay For Android First, open the website. Use the browser on your mobile device and go to the Fair Play India homepage.

  1. Download the fairplay app. At the bottom of the pages, you will see an inscription suggesting adding the application to the desktop. Click below.
  2. Wait for the installation to complete. The program will be automatically added to your desktop and application list. If it’s not, find the downloaded file and run it.
  3. You are ready to play. You only must click on the shortcut that launches the Fairplay India app and then enter your username and password. If you don’t have an account, you can create it on the official website or directly in the app.

Download Fairplay For iOS

If you are using an iPhone or iPad, you also have access to all the features of the Fairplay India bookmaker. Unlike many other apps, ours can be installed directly from the website without going to the App Store. To do this, follow the instructions.

  • Open a website. Launch any browser that is installed on your device and use it to open the main page of the official website.
  • Add a fairplay app to your desktop. At the bottom of the page, you will see an inscription that you need to click on so that a shortcut appears on the desktop to launch the application.
  • To start playing. Open the Fairplay app, enter your username and password and start betting. If you don’t have an account yet, you can also register here.

History

Bookmaker betting is a very popular entertainment especially for gamblers. Everything has its beginning and sports betting has its own history too. Betting in bookmakers has its roots in Roman times, when people strove to bet on the best gladiator. Today, 18th-century London is considered the birthplace of bookmaking, where Richard Tattersall’s auction house began accepting bets on horse races. The term “bookmaking” in this context meant keeping a book of all accepted bets. Аt the beginning of the 20th century, the concept of “bookmaker’s office” appeared and the first legal official points for accepting sports bets were created. The man who introduced the fashion for bookmakers was John Moore, who opened the first office in 1922 in Liverpool “Littlewood Pools of Liverpool”. The term was created from two words – “book” (bet) and “maker” (to make), therefore, we recognize the “bookmaker” as a person who “makes bets”.

Betting strategies

Before you start anything, it is necessary to think over a plan, or rather a strategy. There are working strategies that have been tried and tested over the years that can be adopted. Nothing can guarantee a profit, but it will help to avoid ridiculous mistakes that previous players have made. After you have chosen a particular strategy, it is needed to follow its rules.

Basic strategies

There are several time-tested strategies. They are suitable for both experienced players and beginners.

  • a catch-up strategy based on placing a double bet every time you lose;
  • an alternative catch-up strategy that requires the skills to calculate subsequent bets, taking into account the coefficient, target profit, and loss;
  • ladder strategy, for bets with small amounts and using only won funds;
  • express strategy for the favorite has a small coefficient, but the minimum risk of losing;
  • flat strategy, where the same amount is bet, which does not depend on anything.

The list of possible strategies does not end here, there are many more options. We have presented only the main ones.

Bookmaker margin

The margin of bookmakers is their guaranteed earnings, a certain percentage that bookmakers charge from each bet made.

The size of the margin directly affects the value of the offered odds: the lower it is, the more profitable the odds for bettors. The bookmaker does not hide what margin he lays, however, specific numbers are not indicated on the sites, and therefore, in order to evaluate the effectiveness of the game in a single office, you need to learn how to calculate the margin yourself.

Coefficient

Betting odds are the probability of a given event occurring, expressed in numbers. It is also a number showing how much the client will win if he makes a bet on the bookmaker’s offer.

The main types of odds for bets in bookmakers

The most popular odds are American, British (English) and European.

American odds

The most complex and rarely used are American odds. This option is written with plus and minus signs in front of the numbers. The sign “+” and “-” make it clear who is the favorite of the event. In this case, the status of favorites is marked with a “-” sign. The calculation of the American coefficient may look like this: with a coefficient of (-105), you need to bet 105 dollars to get a win of 100. In the usual European version, it will be 1.95, the calculation looks like this: 100:150+1=1.95.

By the same principle, a positive coefficient will be calculated, for example, (+110). To make a profit of $110, you need to bet $100. The conversion to European will be: 100:110 + 1, which will be equal to 1.9.

British odds

Written as a fraction. Determine the potential profit when betting on British fractional odds by multiplying the bet amount by the value of the fraction. The entry of the coefficient indicates the ratio of winnings to the bet itself. To calculate the English coefficient, you need to divide the numerator by the denominator, and add one to the resulting one. So, for example, the English coefficient 20/4 is equal to the European 6.0. You can calculate 20:4+1.

European odds

The European coefficient has its roots in the transition of the betting business to France. The first to appear were offices from Britain, then bookmakers began to open – French and German. For them, the English coefficient seemed inapplicable, and a new European version appeared. From those times to the present day, this is the most sought-after type, which is represented by all bookmakers in the world. For some, it’s the only one. The European coefficient has decimal values, for example, 1.76.

 

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