Obviously, sports betting is gambling. However, there is a solid strategy that you can earn some money like an investment that is offered a bank. It uses 'odds-on' favorite on online bookmakers. If you are interested in this betting strategy and getting money from gambling, read tips below.

• Betting On High Odds Ncaa Basketball
• Betting On High Odds Ncaa Football
• Betting On High Odds Nfl
• How To Bet With Odds
• Betting On High Odds 2020

What is an “Odds-on” favorite?

An “odds-on” favorite is a selection where the money that you gamble returns less than the amount you gambled. For example it is when you bet $100 but you win less than $100. An “evens” bet will win you the same amount of money as you gambled but an “odds-on” bet will give you less. For example: 1/3 = Three to one ON – This means to win $10 you must gamble $30. So you will win back less than your original stake.

Where do we see “odds-on” betting?

• Quick guide to betting on high odds. Learn how to find the value on high odds bets, when to make your move and why high-odds are worth it. Discover profitable opportunities on underdogs.
• High odds betting is, without any doubt, one of the most popular subjects in a betting conversation. It’s not only the excitement, but also: The self-discipline a punter MUST have in order to get profit in the long term. The difficulty to recognize and choose valuable high odds.

Everywhere, especially in team sports and tennis.

Sep 08, 2020 High odds in betting means that the payout you might win from these bets will be very high, but the chances of winning the bet are quite low. Betting on high odds gives bettors a chance to potentially rake in massive amounts on a somewhat small bet. Features of betting on high odds. How to make money by betting on the highest odds in betting shops. Review and example of the strategy.

For example you may see a fixture like this in the English FA Cup: Manchester United vs Cheltenham F.C.

For almost everyone – the fans, the bookmakers and the punters - it is very obvious that Manchester SHOULD win this football match. A few possible reasons are:

a) Manchester United are in the Premier League and Cheltenham FC are in Championship League 3
b) Manchester United are playing at home
c) Cheltenham FC have never beaten Manchester United in a competitive game

So the bookmakers would probably offer odds that look something like this:

Manchester United to win 1/20
Draw 8/1
Cheltenham to win 16/1

This means that if you bet on Manchester United then you would have to bet a lot of money to return a small amount. If you bet $100 and Manchester United win then you will return $105 – a profit of $5 (plus your original bet)

Why would anyone bet on “Odds-on” favorites?

Betting on “odds-on” favorites can sometimes feel like a waste of money because it often seems that the returns are very small or to get a good profitable return then you often need to gamble a lot of money. Also, the risks can often seem too high for such small returns, losing after gambling on a favorite can be very disappointing and annoying.

However, a return of $5 on a $100 bet is still a profit of 5% and this is something that punters like to use when comparing how much return a typical bank would give if the same investment was made. For people who gamble on long odds-on favorites they believe their money is “safe” and it pays back more than a bank and so for these types of gamblers it is worth doing as it is profitable.

What is the strategy?

With the following system of strategic betting – it may be possible for you to get profitable returns and at the same time keep your risks lower. It comes from the old idea that “over time, a dripping tap will fill a bucket”.
This betting strategy is a long term investment plan and needs patience and the knowledge and ability to be able to bet on a lot of different sports. However, some sports should be avoided at all times when it comes to putting large amounts on “odds-on” favorites.

What are the “guidelines” for using the strategy?

If you choose to follow any betting strategies you find here or elsewhere on-line, or fellow punters recommend to you or you discover on your own, you will often find or make “guidelines” that are recommended. Here are some for this strategy:

1. Start with a fixed amount – if possible – a minimum of $1000.
2. Only bet on “odds on” favorites.
3. Place at least one bet a week. (The more you do a week the quicker your total will increase)
4. Only gamble 10% or less of your “total” amount.
5. Do not place bets on horse racing, F1 or golf events.

The way the system works is as follows: It is recommend that you bet 10% or less of your total fixed amount and that you choose odds on bets that you feel will almost definitely win. You can also look at different bookmakers odds as sometimes odds-on prices can be quite different. The most profitable odds-on bets come from rugby, cricket, soccer, tennis, American Football, basketball, baseball and ice hockey. Golf and F1 should be avoided as there are too many variables – for example the weather that can strongly affect the result and make things too risky to bet odds on – use F1 and golf to find “value” bets instead. Odds on betting is also not recommended on horse racing for too many reasons to be given here.

What happens when you follow the strategy?

The following table shows what happens if you gamble on odds on soccer, cricket, American football, ice hockey and rugby matches.

Result

So you can see that after gambling on “odds-on” favorites only and by not betting more than 10% of the total value the profit is at over $200 within just ten bets. That also includes a losing bet – note that also 5% was bet where the odds offered were higher than 1/3. The risk is slightly higher and the result is not so certain for higher odds on bets so it is sometimes a good idea to reduce the stake (the amount you bet) for some fixtures. The thing to remember is that “A winner is a WINNER – no matter how small the return!” and overtime you can fill that bucket with the drips! Good luck!

Arguably, one of the most important things you need to understand in online betting is the value of odds. You can not underestimate the importance of knowing how to use odds correctly. We guide you through what odds are, what they mean and how to find and use the best odds.

Betting odds are there to tell you the likelihood of an event happening; they tell you how much you stand to win. They may seem confusing at first but once you get to know them, it will make your betting life much easier – and much more profitable. Here, at BettingOnline.co.uk we will go into some depth about how to best use betting odds to bring value to your bets.

How Does Probability Affect Betting Odds?

Betting, at the very basic level, is all about your ability to predict what is going to happen in a certain sporting event. If you can correctly predict the outcome, then you will win your money. Any sporting event has a number of possible outcomes. If you roll a die, then there are six outcomes possible. As such, if you bet on one specific number being rolled, then there is a 16.66% chance of winning (100 / 6). Betting odds are designed to represent the likelihood of the event happening. Generally, in the UK, they are represented as fractions, although you can access them as decimals.

Calculating Probability Using Betting Odds

When you see fractional odds, you can use these numbers to calculate the probability of an event happening according to the bookmaker. To explain the calculation, we’ll use the letters A and B for A/B. The probability is calculated with the following formula: Probability (%) = B/(A+B).

Examples:

8/1 works out to be 1/(8+1) = 0.11 – which means that there is an 11% chance that it will happen.

4/1 works out to be 1/(4+1) = 0.20 – which means that there is a 20% chance that it will happen.

1/1 works out to be 1/(1+1) = 0.50 – which means that there is a 50% chance that it will happen.

1/9 works out to be 9/(1+9) = 0.90 – which means that there is a 90% chance that it will happen.

However, the more you know the sports you are betting on, the more you will understand whether the odds offered by the bookmaker represent what you think the probability is.

Value Bets

If you think a football team has a 50% chance of winning but is given odds of 2/3, then the bookie is stating that they are paying out for the probability of 3/(2+3): 60%, which means it is not a value bet. However, if the bookie is offering odds of 2/3, then they are paying out for the probability of 2/(3+2): 40%, which makes it a value bet, that you should snap up.

Calculating Winnings Using Betting Odds Explained

Once you have established whether the odds on offer represent a value bet, you can then establish what you will win if you take up the bet. This really is very simple to work out and you don’t need to be a maths genius to work out your potential winnings. Let’s again use A/B to represent odds. The way to work it out is that for every B you bet, you stand to win A, as well as getting your original stake back.

Betting On High Odds Ncaa Basketball

Examples:

8/1 – every £1 you bet means you will get £8 plus your original stake

4/1 – every £1 you bet means you will get £4 plus your original stake

1/1 – every £1 you bet means you will get £1 plus your original stake.

1/4 – every £4 you bet means you will get £1 plus your original stake

Understanding Decimal Odds

If you want to bet on exchanges or more European betting sites, then you may find that the odds are generally represented by decimals. Some people prefer decimal odds, and as such, many sites give you the option to view all odds in decimals if that is your preference. Many people actually find these easier to work out than fractional. As such, they are also very important to understand. The calculation is as follows: winnings = (odds x stake) – stake. Here are some examples of how decimal odds work.

8.0 works out to be (8.0 x £10 stake) – £10 stake = £80 – £10 = £70

4.0 works out to be (4.0 x £10 stake) – £10 stake = £40 – £10 = £30

2.5 works out to be (2.5 x £10 stake) – £10 stake = £25 – £10 = £15

1.25 works out to be (1.25 x £10 stake) – £10 stake = £12.50 – £10 = £2.50

Betting On High Odds Ncaa Football

What Works Better, Decimal or Fractional Odds

What is better very much depends on what you are used to – and one really isn’t better than the other. Fractional odds are more traditional than decimal odds, but decimal odds are coming more into fashion. Fractional odds were originally used in the UK, most predominantly at the race tracks and in high street bookmakers. There are a couple of differences between them. Most beginners and people new to betting find decimal odds easier to understand. Because of this more UK high street bookies have made them more available to their punters to attract more punters. They are also widely available on online betting sites. When you go to any major horse racing event, including Cheltenham, in the past, you would only be able to access odds in fractions. Now, you can generally see them available in fractions.

Betting On High Odds Nfl

Another difference is that fractional odds represent the winnings only, whereas decimal odds represent the winnings plus the stake you get on return. Because of these differences, we’re generally finding that more sites and bookies are transitioning to decimals. Decimals are generally used in betting exchanges also, which are becoming more popular with punters. Also, when odds decrease or increase slightly, this is easier to represent in decimals as fractional odds tend to have very high number fractions involved, which make calculations harder for the punter.

Making the Most of Odds Comparison

When you understand odds, you need to make sure that you get the best odds available for your particular bet. The odds offered at different bookies represent what is going on in their market for that event. As such, these can vary from bookie to bookie. If there are too many people making a bet on one outcome, then bookmakers will change odds to lure punters to bet on a different outcome. As such, this could lead to a skew of good value and bad value odds. Therefore, you can either look through all different online bookmakers to check out where the best odds lie, or you can use our odds comparison site to help you. Taking time to compare odds yourself can be very time consuming, so getting a helping hand makes it much easier. You can find the best tips and the best odds for your bets here on our site.

How To Bet With Odds

To Sum It Up

Betting On High Odds 2020

Betting odds are the most important thing you need to understand when it comes to online betting so you can understand values and winnings. As soon as you get the hang of the odds, you can understand the likelihood of an event happening – and how much you stand to win if it does happen. Getting good value odds and the best odds is a major part of successful betting.