Odds show how much money you will win, if you bet on an event to happen. The higher the odds are, the more you will win, relative to your stake. As you gain experience with sports betting, your understanding of the odds board will only https://parimatch-app.pro/: increase. By extension, you’ll be able to more easily spot instances in which oddsmakers may be on or off the mark — at least in your own personal http://www.servinord.com/phpBB2/profile.php?mode=viewprofile&u=741607, opinion. © GTG Network Pty Ltd. Simply put, the greater the odds against a team, the larger the payout will be for anyone who bets on that team and wins. For example, 7 to 2 odds mean that for every $2 you wager, you could win $7 if your bet is successful, while 5 to 1 odds mean you could win $5 for every $1 you bet. Of course, if you convert the odds available at your sportsbook into a percentage, they will include the “juice” or the “vig.” Factoring in the “vig,” the implied probability of all possible outcomes of a game will be above 100%. This is called overround, and it explains why you need to remove the vig from betting lines if you want a more accurate picture of what the oddsmakers expect to happen in the game.
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