Winning at sports betting is all about the probabilities. By studying them, it's the only way that you can win consistently in the long term. Find out more about them in this article.
The Odds Show The Implied Probabilities
The odds that you are given by the bookie or at the betting exchange are a reflection of the implied probability being offered to you. How you work this out depends on the format of the odds that you are using.
For instance, fractional odds of 3/1 are also the same as decimal/international odds of 4, which are the same as US odds of +300. What these mean are a probability of one divided by the international odds (4) which gives 25%.
Always Go For Value In Probabilities
You should work out what you believe to be the real chance of your pick winning. Forget what the bookie is offering you for now. Work it out yourself and see what you come up with.
In the example above, let's say that these were the odds given for picking the Chicago Bulls to win. If you believe that the Chicago Bulls are worse and really only have a 10% chance of winning, then you should not take this bet. You should take it because the bookie is not offering enough reward for your risk.
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