Before we start practicing a game, it's really important to understand the necessary conditions that will be played. This is an idea that is also used extensively in betting. Before a participant decides to make a bet, he needs to understand the baseline levels that make up this process, and such a basis is to have a comprehensive and secure database forbetting odds. Without the necessary competencies forbetting oddsbettors could not know what the likely outcome of a meeting might be and what would be its possible revenue – always things that would make it definitely better and better.

## Betting odds according to a decimal model – exactly how to recreate probabilities?

To overturn decimal betting odds into probabilities, the bettor needs to work through the following formula:

1 / odd decimal odds * 100. For example, at 1.46 bets, the odd probability will be 1 / 1.46 or 68.49%.

## Betting odds – Types

There are three widely known betting odds models – American, Decimal and Partial. Each of these betting odds is constantly found in a particular part of the world – for example, the American ones sometimes referred to North American odds are most popular in the US, and the decimals are definitely prevalent in Europe. We have further provided detailed information on the types of coefficients.

## Betting odds – how will Bettingmetrics help you find the most appropriate formula?

Our software software provides an option for users to have their entire betting history in one place as well as the exact ways to analyze historical results to make them successful and efficient. We at Bettingmetrics have made software that allows participants to know all betting odds. And we also have a feature summarizing the player's potential for success with them.

We know that today's time is equal to capital, and that is why we are currently working on a betting odds comparison section on our site, which has been requested many times by our users. By giving gamers the opportunity to compare betting odds directly on our website, they save a lot of time because we are boosting the levels of automation needed for the activities. This does not mean, however, that we just act with a betting odds compression section – we also have account synchronization options automatically tracked and analyzed by our program.

## Betting odds in their American version

American betting odds are slightly different from the decimal and betting odds, as they can be set as positive or negative values. It is extremely important for every participant to realize that American betting odds act otherwise if the bettor makes a bet to a favorite team or opponent. The explanation is simple – when making a bet on your favorite, American betting odds represent the amount that you need to invest to make it possible to win 100 pounds.

## Betting odds

Considering that the suspected bettor has developed deep competencies related to betting odds, risk and factors, he will be able to develop a betting plan that focuses on the discovery of value betting. Let's look at a case of betting on values.

Specifically, three players will make a bet for a specific event at a joint bookmaker – Chelsea vs. Manchester United. He puts the following betting odds on Chelsea – 2.33 or 42.92%, to win at Manchester United – 3.67 or a relative probability of 27.25%, and on a tie – 3 or 33.33%. In our example, every bettor will act to earn a gross profit of £ 200.

Betting on value is essential to every player seeing betting as an investment rather than gambling.

## Betting odds according to the American model – their vision of opportunities

When converting US betting odds into implicit probability, the participant in question must take into account that the process is two types of negative and positive betting odds.

## Betting odds – Decimal betting odds

Decimal betting odds are very popular throughout Europe, Australia, New Zealand and Canada, but almost every bookmaker has the option of presenting them as an option to customers. Decimal betting odds are matched to the funds of the payouts of the designated bet that the participant will receive, plus the original bet. In fact, they represent the decimal value of the specified betting odds plus 1.

## Betting odds – Implicit probability

Speaking of betting odds, one hundred percent is bound to take into account the possible opportunity – this is one of the most important motives that would be able to change a potential standard participant in a developing depositor. Implicit probability is the reversal of betting odds in percent, indicating the optimality of a certain end result. We will briefly introduce you how to recreate probability odds.

## Betting odds by fractional model – what is the way to become probabilities

To make the odd fractional bet in probability, the formula is the following 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 in their fractional form

Fractional betting odds are well-known in the UK and represent the net amount the player will receive if he creates a winning bet. Accordingly, if the designated participant decides to bet at £ 50 for fractional stakes of 10 to 1, this means that in case of a win, he will have his exact £ 500. This type of betting odds can be found in a model known more like the chances of Hong Kong. It is still an indicator of the returnable net worth of the participant, but the representation is decimal rather than partial.

## Betting odds – Choose your bettingmetrics strategy!

In addition to the Betting Metrics Betting Method you can find at Bettingmetrics the best betting calculator for you, a betting tracking tool, a odds calculator, and more.

bet tracker

track my bet

bet calculator

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Betting odds according to a decimal model – exactly how to recreate probabilities?

Betting odds – Types

Betting odds – how will Bettingmetrics help you find the most appropriate formula?

Betting odds in their American version

Betting odds

Betting odds according to the American model – their vision of opportunities

Betting odds – Decimal betting odds

Betting odds – Implicit probability

Betting odds by fractional model – what is the way to become probabilities

Betting odds in their fractional form

Betting odds – Choose your bettingmetrics strategy!