Total Odds Meaning
Understanding basic bet types is vital for any punter to maximise their opportunity of making a profit. This article explains three basic bet types offered by Pinnacle; 1X2, Handicap and Totals. Continue reading to learn more about the different basic bet types.
The odds are equal, or one to one. Ex: If there is an 80% chance of rain one day, then there is a 20% chance it will not rain as well. The odds are 80 to 20. Otherwise put, it is four times more likely that it will rain than stay sunny. The odds ratio must be nonnegative if it is defined. It is undefined if p 2 q 1 equals zero, i.e., if p 2 equals zero or q 1 equals zero. Definition in terms of joint and conditional probabilities. The odds ratio can also be defined in terms of the joint probability distribution of two binary random variables. Jul 11, 2019 Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Feb 27, 2020 The odds are equal, or one to one. Ex: If there is an 80% chance of rain one day, then there is a 20% chance it will not rain as well. The odds are 80 to 20. Otherwise put, it is four times more likely that it will rain than stay sunny. What does 3Way mean? In 3Way bets, there are three possible outcomes and you have to pick the right one. The ordinary football bet – win, draw, or loss – is a classic 3Way-bet.
Basic Bet Types: 1X2
1X2 betting is one of the most common forms of betting and is the simplest way for a bettor to understand the cost of a bet. We can use a hypothetical Champions League game between Borussia Dortmund and Napoli to explain how 1X2 betting works.
If you staked £10 on Borussia Dortmund to win at odds of 4.250, you would win £42.50 - although that would include your initial £10 stake. Therefore your profit would be £32.50. You would win nothing if the result ended in a defeat or draw for Borussia Dortmund.
A £10 bet on a draw would have returned £37.90 (£27.90 profit and your £10 stake); while the same bet on Napoli to win would see you pocket £19.17 (£9.17 profit).
Once you are familiar with 1X2 betting, the next step is to understand how the value in 1X2 odds varies across bookmakers, thus impacting your potential winnings.
Basic Bet Types: Handicap
Betting on the handicap is valuable when one team is heavily favoured over their opponents. To counter the perceived bias in ability, bookmakers offer a handicap to level the playing field.
The handicap is factored into the final score to determine the game's outcome for the purpose of the bet (which might be different from the actual result).
The handicap is factored into the final score to determine the game's outcome for the purpose of the bet (which might be different from the actual result).
For example, the handicap for the hypothetical example above might be (+0.5, 2.020) for Borussia Dortmund and (-0.5, 1.917) for Napoli.
If the result was 1-0 to Napoli, bets on Napoli would win as the 0.5 handicap is not enough to change the outcome. This is often called covering the handicap.
If the result was a 1-1 draw, however, bets on Borussia Dortmund would win, as the 0.5 handicap added to their score is enough to tip the match in their favour.
The handicap can also differ by appearing as a split, such as +0.5 & +1 or -0.5 & -1. This takes your stake and effectively places two handicap bets - one at each option. Therefore you can win both bets, just one, or lose both.
Advanced bettors will understand the relationship between 1X2 and handicap betting and how to decide which option offers better value.
Basic Bet Types: Totals
Totals bets are another basic bet type, and a popular alternative to 1X2 and handicap betting. The focus is not on finding the winner of a particular event, but predicting the outcome of game variables (e.g. total goals/runs/points or any other easily quantifiable variable).
Bookmakers offer bettors the option of whether the total goals/points will be either OVER or UNDER their assessment of the game.
Odds Meaning In Spanish
For the hypothetical Borussia Dortmund and Napoli example, the total goal mark is set at Over 2.5 (2.080) and Under 2.5 (1.909).
If you bet £10 on the game to have over 2.5 goals and the result was 2-1 (a total of three goals) you would make a return of £20.80 (£10.80 profit), while you would have won nothing had you bet on the goals total to be under 2.5.
A video on 1X2 betting
If you found this article useful, you might enjoy our short video that explains how 1X2 betting works.
If you want to watch more educational betting videos, subscribe to the Pinnacle YouTube channel!
What is a Total or Over/Under Bet?
A total or over/under bet is a single wager on whether or not the combined goal, point or run total of a single game will be over or under what the oddsmaker sets it at before the event. When placing a total wager, all the bettor is concerned with is the combined score of each team at the end of the game.
Example:
Vikings +7 Over/Under 42
Packers -7
Meaning Of Odds To Win
Steve loves the Packers and thinks they will score a lot of points in this game. So, he places a wager on “over 42 total points”. If the combined score of the Packers and the Vikings at the end of the game is greater than 42 total points Steve would win his bet. 41 or less total points would be a loss and 42 exactly would be considered a push or refund.
Odds Meaning In Tagalog
Most sports books consider the end of regulation time or the point at which a game becomes official as the end of the game unless otherwise stated.