HOW TO UNDERSTAND SPORTS BETTING?
Hello! Many people want to bet on various matches and make money on it. On the Internet, a lot of advertising bookmakers, a lot of promises of bonuses. No less and the number of scammers who want to raise money on the now bloated topic.
Often beginners have a problem in choosing a bookmaker. A great solution would be BetPawa Kenya https://betting-tips.co.ke/betpawa/. Reliable bookmaker with high bonuses and trust. A wide line, a rich picture, as well as a convenient application will not let any better get bored.
First, you need to decide why you need to understand sports betting? If you intend to make this activity an increase in income, then you must be sure to start with, that there is a deep understanding of any sport.
What do we mean by “deep understanding ” here? This is to see somewhat clearer and further than the average fan. Be able to evaluate matches more than 5% better than the average player bookmaker. At 5% because if less, then all the profit on the long distance will eat the bookmaker’s margin.
Of course, every sports fan thinks to himself that he can do it, but, as practice shows, 98% of them are mistaken, having undergone a cognitive distortion of the perception of himself (which is quite normal for a person).
If a person still understands sports, then the second step is to understand the betting activity itself.
Another question is if you just want to feel the excitement and overall more emotions from watching sports broadcasts. Then it is not necessary to understand sports extremely well at all. But you need to understand the stakes to really play for fun and understand when, how and what to bet.
What is the “coefficient”?
In sports betting use a probabilistic approach to the assessment of upcoming events. No matter who claims the opposite, but in fact no one can definitely predict the outcome of the match. We can only say that there is a probability of one result, and there is such a probability of another.
For example, that team ” A “will win is 70%; that team “B” will win is 20%; and 10% remains for a draw.
The bookmaker allegedly gives these probabilities in the form of outcome coefficients. But it’s not quite there. The key point is that the coefficients do not necessarily reflect the real picture of the probability distribution between the possible results of the game. That’s not their job. The bookmaker uses the odds to distribute the incoming funds from the “bettors” on bets in such a way that there is a financial balance on all shoulders. But here there is already some dependence on the real balance of forces and the probability of victory of one or another athlete (teams).
So, the player bets some amount, such as 1,000 KES, that there will be some outcome. This outcome has a certain coefficient, for example 2.2. Then ” better” will receive in case of a win 1000*2.2 = 2 200 KES, i.e. 2200-1000 = 1200 KES of net profit.
How to get a coefficient from probability?
If you move a little away from reality, that is, to consider the coefficients as an unambiguous reflection of the probability of outcomes, they are obtained as follows.
For example, the chance of winning a football club is 40%, or 0.4. To get the coefficient, you need to divide the unit by this probability: 1/0. 4 = 2.5. This is how it should be, but most likely it will not be: at least in view of the bookmaker’s margin invested in it, the possible incorrect assessment, the amounts of money received for this outcome and the bookmaker’s strategy.
However, the trends can be observed as follows: the lower the estimate the chances of a participant in the match, the higher the coefficient will be for him. That is, the greater the gain will be received by the player who bets on it. Accordingly, the opposite is true: the more obvious the favorite, the greater the amount you need to risk to earn on his victory.
Decoding of bets in bookmakers
But in addition to numbers, which, as we now know, are coefficients, on the sites of bookmakers you can see all sorts of incomprehensible newcomer letter designations: P1, 1X, Total More, Asian handicap, European handicap and others. The variety of incomprehensible names leads to a stupor and makes you want to quit this business and close the browser tab. In principle, this will be the most correct decision, but if you decide to stay and step by step to find out the meaning of all the incomprehensible terms, then, believe me, it will not take much time and effort.
Detailed explanations of symbols in sports betting with examples of use can be found on our website in the section “Reference-Symbols in betting”.
There you can find out what a three-way total is, what the TSUPIS is for, and how to put it on the system.
Basic notation we present here:
- P1, P2, X — win, a second and a draw; can be combined in a double chance, for example, X1 is a draw or a win of the first team (or athlete, if individual sport);
- handicap is when one of the participants of the match are additionally scored (goals) or subtracted from the final result, and on the basis of the resultant values is calculated rate. For example, a bet was made F2 (-1.5), and team 2 won the football match 3: 2. Unfortunately for this ” bettor”, this bet will not go, because taking into account the handicap, the second team lost 1.5:2 (from the three goals scored by it, we subtract 1.5 handicaps);
- total-this is a bet on the total amount of something. Most often accolgono. For example, a bet on TB (Total greater than) 2.5 will play if there are 3 or more goals in a football match, no matter whose goal. In addition to the main statistics of the match, the total can be offered for various technical moments of the game. For example, the number of corners or penalties. The number of such offers depends on the bookmaker’s line.
On our website you will find a lot of useful theoretical materials with examples on the subject of sports betting. All this, combined with real practice, will help you become a person who understands sports betting. We also recommend that you start betting not with real money, but on a guest account, which can be found, for example, in the Betcity office. However, it is not so difficult to understand sports betting. And it should not be confused with ” profit from sports betting” — after all, this is a completely