Before we start practicing a game, it's really important to get to know the conditions of the game. This is the truth that is needed in the fullest sense also in betting. Before each participant decides to make a bet, it needs to be in-depth with the basics related to this move, and one of the basics is to have complete and secure information aboutbetting odds. Not having knowledge ofbetting odds, the players would not know what the likely outcome of an event would be, and what his future victories would be, certainly certain assets capable of making it more effective and successful.

## Betting odds – Decimal types of betting odds

Decimal betting odds are well known throughout Europe, Australia, New Zealand, and Canada, but virtually every bookmaker could present them as an option to customers. Decimal betting odds match the payout amount of the respective bet for the participant plus the underlying bet. In fact, they are equivalent to the decimal value of the exact betting odds plus 1.

## Betting odds – How does Bettingmetrics help you find the most appropriate formula?

Our software provides an option for participants to collect all their betting information in the system, as well as the exact ways to analyze their results in history to transform them into working and performing. We at Bettingmetrics designed software that allows participants to know all betting odds. In addition to this, we also created a feature summarizing the potential for success of the player with them.

We are clear that the time is now at the same time as finance, and according to this fact, we are creating a Betting odds comparison section on our site, which is preferred by our users many times. Allowing customers a chance to compare betting odds right on our website, they save a lot of time because we reinforce the levels of automation needed for the processes. This does not actually mean that we just work with a betting odds compression section – we also have billing sync optimizations automatically tracked and analyzed by our software product.

## Betting odds – what is their real essence?

To become aware of the character of betting odds, you are required to know the true vision of chances. The most common example of probability is the mobile dice. Six countries are available and the options to hit "five" are 1 / 6th. Or more, 100% of all countries are divided by 6 for each country of the dice – your opportunities are specifically 16.66%.

Another example can be given by throwing coins – there are 50% chance of "ties" or "tours". Betting odds are really touching this – they show players the likely probability of the end of the event. Being a professional player imposes a wide range of qualities, and that is to have steady competencies for individual types of betting odds.

## Betting odds in an American model

American betting odds are slightly different from partial and decimal betting odds, as they could be seen as negative or positive numbers. It is of paramount importance that the potential bettor understands that US betting odds are practiced by another method, provided that the bettor pays a favorite or opposing team. Explanation is not hard – when you leave a bet on your favorite, American betting odds put the amount that is needed to be invested in order to earn 100 pounds.

## Betting odds in a decimal model – exactly how to make a probability?

To pass the decimal betting odds into probabilities, the participant must work with this formula:

1 / odd decimal odds * 100. For example, at 1.46 bets, odd probability will be 1 / 1.46 or 68.49%.

## Betting odds in an American model – computing them in chances

When it turns the American betting odds into an implicit probability, the determined player needs to know that the process does not match the positive and positive betting odds.

## Betting odds – Implicit model

Considering betting odds, we need to take into account the possibility – this is one of the fundamental ideas that will be able to change a standard entrant into a prosperous investor. Implicit probability is the calculation of betting odds in percentage, representing the possibility to survive the expected result. We will briefly introduce you how to set the probability odds.

## Betting odds by fractional model – make probabilities

To recreate the odd fractional bet in probability, the formula is such a denominator / numerator * 100. If we take a 7/3 fraction bet, the option will be:

3/7 =

3/10 =

0.33 * 100 = 33.33% assumed probability.

## Betting odds – Choose your bettingmetrics strategy!

In addition to the Betting Metrics Betting Method, you can find the most suitable Betting Metrics betting calculator, betting tool tracking tool, odds calculator, and other useful methods.

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Betting odds – Decimal types of betting odds

Betting odds – How does Bettingmetrics help you find the most appropriate formula?

Betting odds – what is their real essence?

Betting odds in an American model

Betting odds in a decimal model – exactly how to make a probability?

Betting odds in an American model – computing them in chances

Betting odds – Implicit model

Betting odds by fractional model – make probabilities

Betting odds – Choose your bettingmetrics strategy!

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