How bookmakers calculate odds
How bookmakers calculate odds
The very first thing you should know is that bookmakers 1xBet prediction always compose odds in order to make a profit for almost any outcome.
Plus they do so as follows 1xBet prediction app:
First, analysts and experts gauge the real probability of a specific outcome. As an example, take a football match between 1xBet prediction Chelsea and Tommy. It is clear that Londoners are favorites. The probability of the results is estimated on such basis as analytical (mathematics, probability theory) and heuristic (expert opinion) methods. Assume that the opportunity of Chelsea winning is 80%, a draw – 15% and Time’s triumph – 5%.
Then your bookmakers calculate the odds. For this, the unit is divided because of the percentage of probability obtained 1xBet mega jackpot prediction. That is, the chances of winning Chelsea should be 1.25 (1 / 0.8), a draw – 6.6 (1 / 0.15) and a victory for Tome – 20 (1 / 0.05). Of course, if BC puts such coefficients in its line, it will not receive any profit. The third step is dependant on this 1xBet mega jackpot prediction.
The true coefficients which can be formed in the earlier step are intentionally underestimated. Within our example, they’re going to look something like this: 1.15 – 6 – 15. If you translate this back to percentages of probability, you can get 86% – 16% – 6%. In total, it ends up not 100%, but 108% 1xBet prediction tips.
Bookmakers determine their profit 1xBet prediction tips. Within our example, this can be 8% (108% -100%). It really is called a margin within the 1xBet free prediction world (the difference between the true probability and the one that the bookmaker has determined). And in case it seems too small in their mind, the coefficients are underestimated much more so the distinction between the actual probability plus the one they calculate and put lined up is desirable. Of course, bookmakers are guided by competitor’s 1xBet free prediction, so as to not ever function as greediest office.
1xBet mega jackpot prediction rules
There was another interesting nuance within the calculation of betting odds 1xBet prediction jackpot. It consists in the proven fact that the odds of winning a favorite are always underestimated more than the others. Let’s get back into our example 1xBet jackpot prediction.
While you remember, the following coefficients were obtained 1xBet 1xBet registration prediction jackpot:
Real 1.25 – 6.6 – 20.
Compiled by BC 1.15 – 6 – 15.
1xBet prediction strategies for newbie
Guess that the amount of bets is 1000 dollars and 90% of the money falls regarding the victory associated with the favorite, that is, Chelsea and another 5% for the draw and also the triumph of Time 1xBet online prediction. It turns out that when the “pensioners” win, BC will have to pay 1,035 dollars (900 * 1.15).
If there is a draw, then 300 (50 * 6) and if Tom defeats Chelsea, 750 (50 * 15). In the last two cases, the net profit of BC is going to 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, it turns out that in case there is victory the bookmaker can give 945 dollars, and 55 will require it for him 1xBet sure prediction.
The bookmaker can be in profit of 1xBet match prediction
Now you know how 1xBet prediction tomorrow calculates the chances of an outcome 1xBet match prediction. It’s time to uncover a few secrets to reading the line. In this regard, the question arises of how to pick a coefficient within the bookmaker, that is, where to find a coefficient that will allow you to win more than the rest 1xBet today prediction.
A very important factor is for sure: don’t choose unknown and illegal bookmakers. Needless to say, determine exactly which bookmaker has got the highest odds 1xBet mobile predictions.