Understanding Gambling Odds: How to Improve Your Winning Chances

calculate your betting odds

How to Succeed More in Gambling: Tips and Chances

calculating various gambling probabilities

To bet better, learn three key parts that help you win.

  • Odds Shifting: Know how to change odds like 2.50 from one form to another and look for top deals.
  • Chance Numbers: Calculate real odds by taking off the extra cost from bookies, ensuring a 100% outcome reach before the fee.
  • Money Tips: Use the Kelly Criterion to set bet amounts while keeping funds in check, betting 1-3% of all funds on a single bet. 추천 업체 리스트 확인

Three Forms of Odds

Know the three bet odds types: decimal odds, fractional odds, and American odds.

Decimal Odds

Decimal odds show return per dollar. A 2.50 decimal odds bet gives $250 for a $100 bet.

Fractional Odds

Fractional odds show win against the bet. 3/2 odds give $3 for every $2 bet, common in UK races.

American Odds

American odds use plus/minus signs. +150 odds mean a $150 win for a $100 bet, -150 odds mean betting $150 to win $100.

Making Odds Change Easy

analyzing sports gambling odds

Flipping Odds Types

Switch odds types with simple math:

  • Fractional to Decimal: Divide top by bottom and add 1. Example: 5/1 to 6.0.
  • Decimal to American: For decimals >2.0, multiply (decimal – 1) by 100. For <2.0, divide -100 by (decimal – 1).
  • American to Decimal: Plus odds: (odds/100) + 1, minus odds: (-100/odds) + 1.

Finding True Chances

Implied chance shows event odds based on bookmaker odds, aiding in finding top and bad bets.

Finding Value in Betting Lines

Seeing Bet Values

Pro bettors seek a 2-3% gap between worked-out chances and shown odds to spot top market chances.

Main Betting Value Tips

Money Hints

Fund control needs planning, not just value betting. Allocate 1-3% of funds per bet to stay safe during tough times.

Setting a Unit Plan

Choose bet sizes from $100-300 based on risk for a $10,000 bank. Note each bet with odds, amounts, and expected value for clarity.

Better Bet Ways

The Kelly Criterion helps size bets: bet size = (bp – q) / b, where b = odds – 1, p = win chance, q = loss chance. Use smaller slices like ¼ or ⅓ to reduce highs/lows while keeping an edge. Manage funds with 60% main bets, 30% top chances, and 10% tests to win long-term.