Odds are, for the most part, a purely bookmaker term. They come with certain conditions and show the sum that you usually win. Predominantly, odds have all ended up being expressed as decimals. True, punters in the UK may prefer fractions, such as 1/5 and so forth whereas US gamers are fond of their moneyline bets -110 + 110. Then again, all agree that decimals are easy to grasp.
Decimals simply tell you how much dollar you stand to make on top of your bet, for each unit of currency you have wagered. Let’s say that you have decided to stake $1 on JD Gaming. This means that if they win, they will fetch you $1.18 on top of your wager. However, wagering on Funplus Phoenix can provide you with a better return on your investment, but then again Funplus Phoenix’s chances of winning is slimmer.
A common strategy is for gamers to stick with the favorites and rake in the slightest profit margins possible while assuring that they are winning in the majority of events. Of course, when there’s such a gap in the odds, you will have to ask yourself if the bookie has calculated them properly. Funplus could be in fact better-poised to win, despite what the odds suggest. A quick way to dissipate any doubt is to double-check the odds with another bookie.
Looking at another game, J Team promise to bring you in more in the way of reward at 2.47. Conversely, HK Attitude, on the other hand, seem poised to win and the odds for them are a fair bit better. Question is if your knowledge of the current meta game and the competitive scene by regions is sufficient to provide you with steadfast guidance in your betting efforts.
The odds can be particularly useful when you try to determine whether your gut feeling has been right. In the majority of the cases, your judgement call, if you have done your proper due diligence, you should usually get the odds right. Now, a more important question is, at what point should you refrain from backing the underdogs.
A difference between 1.50 and 2.50, for example isn’t so significant. In fact, you can somewhat reliably stretch this to 3.0 in the difference between teams and still bet on the underdog with a fair certainty that they stand a decent chance to distinguish themselves in the match.
Remember that basing your calls on what wager to place should be a mixture of your own knowledge as well as statistics, including the bookie’s own take on the matter. This stratagem promises to produce the most reliable and long-term viable results.