How to Read Betting Odds Correctly?

by Muhammad Shahid Latif I am Shahid content writer and off page seo expert

One of the most important points in non Gamstop sports betting is certainly the odds. However, not everyone knows how to read them, understand them, and guess useful information from them. That's why we decided to create this detailed guide to odds. He will give you all the important information you need during your sports betting experience.

You will see how to read them correctly, how to convert them into percentages, and also the differences in different countries around the world. In short, by the time you reach the end of this article, you will no longer have any questions about the odds at non-GamStop betting sites. You will know how to choose the best ones for yourself.

What Are Betting Odds?

Non-GamStop betting odds are nothing but the benchmark for bettors when it comes to betting. They indicate the probability of this event occurring and, more importantly, how much you stand to win. Let's assume the odds are 2.00. Now, for example, if you bet on Real Madrid-Barcelona and want to predict the home team's win, this means that if you bet one euro, you will win two euros. Your actual winnings are one euro, as you still have to deduct the original stake.

And that applies to all betting odds. So the basic concept you need to know is that such odds, when played in multiples, multiply each other.

For example, if you choose three odds of 2.00, then 1.50, and finally 1.30, you will need to multiply them together to get the final odds of 3.90. So this means that if you bet €1 you will win €3.90.

How Are the Betting Odds Made Up?

A classic quote for a sporting event usually consists of a whole number and two decimal places, e.g. B. 1.50 or 2.00 or 2.50.

However, when you play, you also need to know what the odds are, which in the European version always start at 1, that is, your original stake. However, anything above 1 represents your potential profit.

Let's take an example: With odds of 1.90, your potential profit is 0.90. So, if you bet 10 euros and win, your winnings will be 19 euros. However, the original stake (€10) must be deducted from this amount, so your net win is €9.

Calculate Non-GamStop Betting Odds

From the odds, you can also calculate the bookmaker's predictions for this event and therefore the probability of a particular event occurring. Calculating the percentage is easy with a handy formula: 100 divided by the odds.

So, let's say you want to bet on a team that has odds of 1.50 to win. To calculate the percentage, you need to divide 100 by 1.50 and you will find that the result is 66.6%. So it is very likely for the website that this team will win.

The same applies to high altitudes. For example, if a team is a clear underdog with odds of 5.00, that means they only have a 20% chance (100 divided by 5 = 20).

The conversion also helps you understand another important aspect of betting odds, namely the bookmaker's margin. Using this formula we can calculate the margin applied by the trader. In practice, the total should be the same for both two-outcome bets and three-outcome bets, e.g. B. 1X2, 100.

In reality, this is never the case when calculating, as the sum always gives a result greater than 100. This surplus is the bookmaker's profit margin, that is, the part that goes into its coffers. The higher this number is, the worse the conditions are for the players.

How to Read Non-GamStop Betting Odds Correctly? – Explanation of The Different Odds Formats

Have you ever heard a team quoted 2 to 1 in a movie? Probably yes, and in this case English odds were used. Different bookmakers have different ways of specifying sports odds. However, in this case, we will talk about the most popular versions: the American, English and European versions.

These are probably the ones that give players the most trouble, as they have a very unusual format compared to the ones you're used to seeing.

The odds have three numbers and a “+” or possibly a “-” sign, e.g. +160 or -170. Odds with a positive sign are those that exceed the value 2, i.e. that provide a profit of more than the original stake. Those that have a negative sign do not exceed the value 2.

There are two simple formulas to convert them into odds: one for positive odds and one for negative odds. These are:

● Positive odds: US odds + 100 divided by 100. An example: 160 + 100 = 260. Then you have to divide by a hundred and the final odds are then 2.60.

● Negative odds: American odds (without the “-” sign) + 100 divided by the American odds. Example: 170 + 100 = 270. Now divide by 170 and the final result will be 1.58.

English Odds

The odds in this paragraph are the ones we told you about at the beginning and are given in the format 3 to 2.

The difference from the other types of odds is that in England only net profit is taken into account. That means 3 divided by 2 is equal to 1.50.

To calculate it as a European ratio you need to apply this formula: dividend + divisor divided by the divisor.

In practice, 3 + 2 = 5. Then you have to divide by 2 (the divisor) so that the final result is 2.50. However, this number also takes into account the initial stake, as opposed to the net result that we saw before.

European Odds

These are the traditional odds that can be found in all European countries such as Germany, Italy, France, etc. They all have a factor greater than 1, e.g. B. 1.50.

The part above represents the actual profit. If you bet 10 euros on odds of 1.80, you will win 18 euros, so the net profit share is 8 euros.

How Important Are The Betting Odds When Placing A Bet?

Betting odds are not only an important but a fundamental element of betting at non-GamStop bookmakers. When you choose an event, you do so because of the odds. When choosing the type of bet, the odds are important. Once you have a game plan in front of you, decide what you want to bet on, but with so much to choose from, you also need to consider the odds.

We can give an example with Over/Under in football: Nowadays there is no longer just the 2.5 odds, that is, whether the three goals in the game will be exceeded or not. There is also 1.5, which means more or less than two goals, or 3.5, which means more or less than four goals. The choice in this case depends on your prediction, but also on the betting odds.

If you think a price is too low relative to your risk, you can choose a less risky price or change it permanently.