Safe Betting Odds
FREE PREDICTIONS FOR 03.09.2021
Slovakia U21 – Lithuania U21
Tip: 1 Odd: 1.40 FT: 3:1
Spain U21 – Russia U21
Tip: 1 Odd: 1.50 FT: 4:1
What Are Safe Betting Odds?
In sports betting terms, odds basically serve two purposes. First, they are used to calculate the payouts of winning wagers. Every time you place a bet with a bookmaker, you’ll be offered odds at the time, which impact how much you can win. Safe Betting Odds, the more you stand to win relative to your stake.
Second, odds also reflect the likelihood of any particular outcome happening. The more likely an outcome, the lower they will be. This makes perfect sense, as you would expect to win less when betting on an outcome that’s likely than when betting on an outcome that is unlikely. fixed matches
Imagine a tennis match where the player ranked number one in the world is pitted against the player ranked 137th. It stands to reason that the best player in the world is going to be considered more likely to win than his opponent. Therefore, a wager on his winning would have very low odds; a wager on his opponent winning would have much higher odds.
This is a somewhat simplified explanation, but it gives a general idea of the role of odds in sports betting.
Why Odds Vary on the Same Outcome
For a lot of wagers on sporting events, you’ll see that different bookmakers offer different odds. For example, one might have a football team at +130 to win a match, while another might have the same team to win the same match at +120. To explain this, we expand on a statement made earlier.
When we said that odds reflect the likelihood of a particular outcome happening, it would have been more accurate to say that they reflect how likely a particular outcome will happen in the view of the bookmaker. Predicting how likely any outcome is in a sporting event isn’t an exact science, and it essentially comes down to a matter of opinion.
This is why the odds in sports betting are variable, because not all bookmakers will have exactly the same view on how likely a particular outcome is. What this means is that the odds that a bookmaker sets for a wager aren’t always an accurate reflection of the true likelihood of the relevant outcome happening.
