Decimal odds are in my opinion the best to work with, as they simple reflect the return you will receive for each point staked.
For example, Bulls vs the Cheetahs.
The Bulls are priced at 1.65 to win, meaning if you placed R1,000 for the Bulls to win, you will receive R650 profit.
To convert the odds into a probability, we use this simple calculation.
Multiplied by 100 to get the percentage value of 60.6%.
Therefore, the bulls priced at odds of 1.65 have an implied probability of 60.6% to win the game.
**************************************************
Do you enjoy a Saturday afternoon of sport and great company?
Would you like to be part of a small group of people are making profits of R4,100 in just 4 days – for less than 10 minutes’ work per week!
If you said "Yes" to both these questions then you can certainly mix business with pleasure!
Today, you can discover how you can make fast, big gains from your favourite sports...
99.9% of people can’t even spot these opportunities, let alone act on them.
Let the Value Hunters lead you step-by-step to huge profits in 2017!
**************************************************
Converting Fractional odds
Fractional odds can be seen as the return you will receive for a particular amount.
For example, if Liverpool is priced at 12/5 for their outcome to win, the odds tell you that for every 5 points staked you will receive 12 back as profit.
To simplify this, if you bet R500 you will get R1,200 back as profit plus your R500 original stake.
To convert the odds into a probability, we use this simple calculation.
Denominator / Denominator + Numerator
Fractional odds=12/5
Implied probability=5 / (12+5)
=5 / 17
=0.294
Multiplied by 100 to get the percentage value of 29.4%.
**************************************************
Sit back, relax and earn up to 32 extra salaries a year
Sounds impossible right? Well, I can assure you not only is it possible- you can start doing exactly that today!
How? By spending 10 minutes a week using a proven trading strategy that’s given 510 South Africans an extra income every month.
It’s THAT easy! No hassle, ZERO skill. Just a few minutes of your time and a tested method.
**************************************************
Converting money line odds
Money line odds, also known as “American Odds” are probably foreign to you, unless you bet on American dominated sports such as the NFL or the UFC.
There are two ways the Americans represent these odds.
- 140
+180
But what does this mean?
If we look at the first money line (-140), this is essentially just saying in order to win $100 you have to bet $140.
Simple right?
Well, let us look at the second money line (+180), this means if you bet $100 you will essentially win $180.
Now we can convert them into their respective implied probabilities.
Let us start with the (-) Money line of -140
Implied probability=(-(-140) / ((- (-140)) + 100)
=140 / (140 + 100)
=140 / 240
=0.583
Multiplied by 100 to get the percentage value of 58.3%.
Converting (+) Money line of +180
Implied probability=100 / (180 +100)
=100 / 280
=0.357
Multiplied by 100 to get the percentage value of 35.71%.
Now you can convert any of these three traditional forms of odds before making your final decision.
As my mentor always said, “The best bet is always the informed one”.
Author Note: Enjoyed this sports betting article, you'll love these!
• A simple way to bet on the Super Rugby and win big
• Here's why Rugby Handicaps yield a better return
Home
Search
Menu
Our products
