How bookmakers calculate odds

Blog 8. Juni 2007

How bookmakers calculate odds

The first thing you need to know is the fact that bookmakers 1xBet prediction always compose odds so that they can earn profits for any outcome.

Plus they do so the following 1xBet prediction app:

First, analysts and experts measure the real likelihood of a certain outcome. For example, take a football match between 1xBet prediction Chelsea and Tommy. It is clear that Londoners are favorites. The likelihood of the outcomes is estimated based on analytical (mathematics, probability theory) and heuristic (expert opinion) methods. Assume that the possibility of Chelsea winning is 80%, a draw – 15% and Time’s triumph – 5%.
Then the bookmakers calculate the odds. Because of this, the machine is divided by the percentage of probability obtained 1xBet mega jackpot prediction. That is, the chances of winning Chelsea is supposed to be 1.25 (1 / 0.8), a draw – 6.6 (1 / 0.15) and a victory for Tome – 20 (1 / 0.05). Needless to say, if BC puts such coefficients in its line, it won’t receive any profit. The 3rd step is founded on this 1xBet mega jackpot prediction.
The true coefficients which can be formed in the last step are intentionally underestimated. Within our example, they will look something like this: 1.15 – 6 – 15. If you translate this back to percentages of probability, you can get 86% – 16% – 6%. As a whole, it turns out not 100%, but 108% 1xBet prediction tips.
Bookmakers determine their profit 1xBet prediction tips. Within our example, this might be 8% (108% -100%). It is called a margin into the 1xBet free prediction world (the difference between the true probability as well as the one which the bookmaker has determined). And when it seems too small to them, the coefficients are underestimated even more so your distinction between the actual probability plus the one they calculate and place in line is desirable. Of course, bookmakers are guided by competitor’s 1xBet free prediction, so as not to ever end up being the greediest office.

1xBet mega jackpot prediction rules
There clearly was another interesting nuance into the calculation of betting odds 1xBet prediction jackpot. It consists within the fact that the odds of winning a well liked 1xBet registration will always underestimated more than the rest. Let’s get back into our example 1xBet jackpot prediction.

As you remember, the next coefficients were obtained 1xBet prediction jackpot:

Real 1.25 – 6.6 – 20.
Compiled by BC 1.15 – 6 – 15.

1xBet prediction strategies for newbie
Suppose that the amount of bets is 1000 dollars and 90% of this money falls regarding the victory associated with the favorite, that is, Chelsea and another 5% for the draw together with triumph of Time 1xBet online prediction. It turns out that when the “pensioners” win, BC will need to pay 1,035 dollars (900 * 1.15).

If there is a draw, then 300 (50 * 6) and in case Tom defeats Chelsea, 750 (50 * 15). Within the last two cases, the internet profit of BC will be 700 (1000-300) and 250 (1000-750) 1xBet online prediction.

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Therefore, the office needs to further reduce steadily the possibility of winning a favorite 1xBet sure prediction.

For example, if you put the coefficient 1.05, as it happens that in case there is victory the bookmaker will give 945 dollars, and 55 will require it for him 1xBet sure prediction.

The bookmaker can be in profit of 1xBet match prediction
So now you know how 1xBet prediction tomorrow calculates the chances of an outcome 1xBet match prediction. It’s time and energy to uncover a couple of tips for reading the line. In this regard, the question arises of how to choose a coefficient into the bookmaker, that is, how to locate a coefficient that will allow you to win more than the rest 1xBet today prediction.

The one thing is for sure: don’t choose unknown and illegal bookmakers. Needless to say, determine exactly which bookmaker has the highest odds 1xBet mobile predictions.