Betting is the art of predicting an outcome for a game or any other relevant sport. You choose the most possible outcome for an event and you stake your money which is paid if your prediction comes true according to the given odds. Bookmakers (Betting sites) give the odds according to the likelihood of a predicted event coming true. To get huge returns from betting, you need to find bookmakers that offer the highest odds.
Odds are given in a mathematical form (X:Y) which denotes the probability of an event happening given the other one. The stake which is the amount of money you place on a bet and is multiplied with the odd if your bet is won. To gain the most from this, the bookmaker you choose should be offering relatively higher odds on the favorite event winning.
Betting can be done on many games such as horse racing, basketball, volleyball and many others. Statistics show that many people bet on football due to the popularity of this game. A team with high probability of emerging victorious is given low odds, which are used to multiply your money in case you chose the team and it wins the match.
High odds vs low odds
High probability of a predicted event coming true, translates to that particular event being given low odds. This means that if you had placed a bet on this team and it wins you will be paid a small amount of money compared to when you place a bet on a game with high odds. The odds given by each bookmarker for the same event is different. The odds may differ slightly with a decimal point but the difference affects your winnings greatly.
To find a suitable bookmaker, search for a betting site like wetten.com that will offer the highest odds for an event with a high likelihood of happening. You should also find out if they offer high odds on free bets. These are bets in which the bookmaker provides you with a free stake for you to bet with. An example of a site offering all these is wetten.com
Finding the best bookmaker was a tiring ordeal in the past. It involved checking one betting site after the other until you found the betting site that had the highest odds. The process has now been made easier with the introduction of bookmakers’ odds comparison sites. These sites let you type in your bet and they conduct a thorough search for betting sites offering that particular game for betting. You then choose your most appropriate site according to their odds and you place your bet.
To determine the favorite team, the bookmakers will analyze the performance of a team, the history it has regarding playing against their opponents and also the skill levels of the teams. They also use mathematical probability to determine which odds should be assigned to both teams. It is assumed to be much safer to bet on a favorite team, but you have to ensure you choose the betting site offering the highest odds to get maximum profits from your bet.
The odds given by bookmakers are influenced by many factors. It simply starts with the amount of profit they want to make in the long run. Appropriate timing is of vital importance too, since the odds raise and fall inconsistently before the game. You need to choose the right time to place a bet and you should also do it with the right bookmaker to gain maximum from your bets.
Betting can be an easy way to make a lot of money if it is carefully done. With the correct bookmaker you stand a chance of making more money than other people placing a bet on the same game. It does not require much expertise but rather, it is all about finding the highest odds and placing your bet at the right time.