# Betting odds – the basic bet that everyone is betting to understand

Before we start practicing a game, it is quite important to be clear about the main rules we will be moving on. This is a feature that is also used extensively for bets. Before the player concerned decides to make a bet, he / she must be familiar with the basics related to this process, and one of the bases is to have a complete and secure database forbetting odds. Not having knowledge ofbetting odds, the participants will not be able to know what the possible results of a particular match can be and what their future profits will be – a hundred percent of the benefits that can make it a more efficient and progressive one.

## Betting odds – Decimal betting odds

Decimal betting odds are known across Europe, Australia, New Zealand and Canada, but almost every bookmaker has an option to put them as a consumer choice. Decimal betting odds correspond to the funds of the payout of such a bet, attributable to the participant added to the original bet. In fact, they represent the decimal value of the specific betting odds plus 1.

## Betting odds – how exactly Bettingmetrics will support you in searching for the most useful formula?

The software gives us an option for customers to have their complete betting data in the same place, and with good ways to analyze their chronological data to make them more useful and effective. We at Bettingmetrics have developed a program that allows players to track all betting odds. We also added a feature summarizing the supposed success of the player with them.

We understand that the time at the present time is equal to finance, and due to this fact we are creating a betting odds section on our page at this time, which is often requested by our customers. By ensuring that players compare betting odds directly on our website, we cut back on time because we develop the levels of automation needed for the process. This does not actually mean that we are simply working with a betting odds compression section – we also have account synchronization features automatically tracked and researched by our program.

## Betting odds – what is their real idea?

To understand the essence of betting odds, you are bound to be sure you are familiar with the underlying probability vision. The most widely known example of probability is the mobile dice. He has 6 sides and the chances of winning the "five" is 1 / 6th. In other words, 100% of all countries divided by 6 for each country of the dice – your probabilities are exactly 16.66%.

The next example is to throw coins – where the "tongue" or "tour" options are 50%. Betting odds are very similar to this – they present players with the probable probability of the end of an event. Becoming a dedicated player requires a series of skills and the main thing is to have a good understanding of the different betting odds.

## Betting odds by fractional model – how to become probabilities

For the transformation of the odd fractional bet into probability, the formula is such a denominator / numerator * 100. If we take a 7/3 fraction bet, the option will be:

3/3 =

3/10 =

0.33 * 100 = 33.33% assumed probability.

## Betting odds – varieties

There are three widely known varieties of betting odds – American, Decimal and Partial. Each of these betting odds is many times sometimes related to North American odds are the most widely distributed in the US, and the decimal is actually popular in Europe. We have further prepared detailed information on the prevailing coefficient models.

## Betting odds – a set bet on values

Considering that the current bettor has gathered the necessary knowledge of betting odds, risk and chances, he would be able to develop a betting projection that focuses on finding wagering worth. we can see an example of betting on values.

For example, three players will place a bet on the same event at the same bookmaker – Chelsea vs. Manchester United. He puts the following betting odds – to win Chelsea – 2.33 or 42.92%, to beat Manchester United – 3.67 or an assumed probability of 27.25%, and for a draw – 3 or 33.33%. In our example, each participant will act to have a gross profit of £ 200.

Betting value plays an important role for any player who sees betting as an investment rather than as a gambling.

## Betting odds in their fractional model

Fractional betting odds are often used in the UK and represent the net amount the player will have in case there is a winning bet. For example, if a participant wishes to bet at £ 50 for fractional stakes of 10 to 1 or even in a win, he will have his specific financial value of £ 500. This betting odds model could be called in a form known just like the chances of Hong Kong. It also indicates the net return of the participant, but the presentation is not partial or decimal.

## Betting odds per decimal model – how to switch to probabilities?

To bet the decimal betting odds into probabilities, the bettor must work through the exact formula:

1 / odd decimal odds * 100. Or even at 1.46 bets, odd probability will be 1 / 1.46 or 68.49%.

## Betting odds – Take care of Bettingmetrics!

In addition to the Betting Metrics Betting Metrics method, Bettingmetrics will also be able to find the most suitable betting bets, tracking betting tool, odds calculator, and so on.

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Betting odds – Decimal betting odds

Betting odds – how exactly Bettingmetrics will support you in searching for the most useful formula?

Betting odds – what is their real idea?

Betting odds by fractional model – how to become probabilities

Betting odds – varieties

Betting odds – a set bet on values

Betting odds in their fractional model

Betting odds per decimal model – how to switch to probabilities?

Betting odds – Take care of Bettingmetrics!

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