Golf Form Guide as betting.betfair.com provide a latest form guide to the players involved in PGA Tour and European Tour events.

To properly understand sports betting, you need to understand
odds. They are an integral part of any sports wager, and they are used
to determine whether a wager is worth making or not. The
potential payout of any wager you place is calculated using a
combination of the relevant odds and your stake.

Sports betting is all about, and what’s involved with placing wagers. These basics are relatively straightforward, so thankfully it doesn’t take long to get up to speed. It’s definitely advisable to familiarize yourself with them though. Our beginner’s guide to sports betting is the perfect resource for this. A Complete Beginners Guide to Sports Betting Over the past few months, we’ve posted quite a few articles on sports betting. We posted three guides to cover the basics on handicapping baseball, basketball and football, but these didn’t nearly cover everything a beginner would need to know.

On this page, we explain about odds in some detail. We define
exactly what they are and the role they play. We also look at
the three different formats in which they can be expressed, and
explain why odds on the same outcome can vary with different
bookmakers.

What Are Odds?

In sports betting terms, odds basically serve two purposes.
First, they are used to calculate the payouts of winning wagers.
Every time you place a bet with a bookmaker, you’ll be offered
odds at the time, which impact how much you can win. The higher
they are, the more you stand to win relative to your stake.

Second, odds also reflect the likelihood of any particular
outcome happening. The more likely an outcome, the lower they
will be. This makes perfect sense, as you would expect to win
less when betting on an outcome that’s likely than when betting
on an outcome that is unlikely.

Imagine a tennis match where the player ranked number one in
the world is pitted against the player ranked 137th. It stands
to reason that the best player in the world is going to be
considered more likely to win than his opponent. Therefore, a
wager on his winning would have very low odds; a wager on his
opponent winning would have much higher odds.

This is a somewhat simplified explanation, but it gives a
general idea of the role of odds in sports betting.

Different Odds Formats

As you can see, the fundamental principle behind odds is
really quite straightforward. Things are slightly complicated by
the fact that there are three different formats of odds as
follows:

• Moneyline/American Odds
• Decimal Odds
• Fractional Odds

Chances are, at some point, you’ll encounter each of these
formats. For this reason, it pays to be familiar with each one.
They all work in essentially the same way–basically just
different ways of expressing the actual odds for any particular
wager.

Moneyline or American Odds

Moneyline odds are also known as American odds, and this is
the format most commonly used in the United States. They can be
displayed as either a positive or a negative number. A positive
number expresses how much a correct wager of $100 would win,
while a negative number expresses how much you would need to
stake in order to win $100.

Beginners Betting Guide 2020

If you saw odds of +150, you would know that a $100 bet could
return $150 in winnings, plus the initial stake of $100. If you
saw -150, you would know you need to stake $150 to return $100
in winnings, plus the initial stake of $150. An even money wager
(where you stand to win an amount equal to your stake) is
expressed as +100.

Decimal Odds

Decimal odds used to be associated mostly with mainland
Europe, Canada, and Australia. However, they have now largely
become the standard at most online bookmakers with the exception
of some US betting sites. This is because they are the most
straightforward of the three formats and are expressed simply as
a single positive number, typically to two decimal places.

The number shows how much the total payout will be, including
the original stake per unit staked. For example, a winning bet
at 1.5 would return a total of $1.50 for every $1 staked. A
winning bet at 2.25 would return a total of $2.25 for every $1
staked. An even money bet is expressed as 2.00.

Fractional Odds

Fractional odds are the traditional format used in the United
Kingdom, although decimal odds are slowly taking over.
Calculating potential profits and payouts with this format can
be a little tricky, certainly to start with, but the basic
principle isn’t as complicated as it might seem. As with
moneyline odds, fractional odds show how much potential profit
you can make. To calculate the total potential payout, you have
to add your original stake.

As the name suggests, these odds are displayed as a fraction.
A simple example is 3/1, which is said as “three to one”. 5/1 is
said as “five to one”, and so on. With 3/1, you can win three
units for every one unit staked, and with 5/1 you can win five
units for every one unit staked. 1/1 is even money, so you can
win one unit for every unit staked. As you can see, this is
quite straightforward so far.

Things get slightly more complicated, because this format also
includes examples such as 6/4, 11/10, and 5/2. The math involved
is thus not always so simple. With 6/4, you can win six units
for every four units staked, which is equal to 1.5 units per
unit staked. With 11/10, you can win eleven units for every ten
units staked, or 1.1 units per unit staked.

Whenever the first number is larger than the second, this is
said to be “odds against.” These are basically the equivalent of
positive moneyline odds in that the potential profit is greater
than the amount staked. Things get even more complicated as
there are also “odds on” odds. These are the equivalent of
negative moneyline odds in that the potential profit is less
than the amount staked.

An example of odds on is 1/4 is said as “four to one on”. 4/7
is “seven to four on”, and so on. With 1/4, you can win one unit
for every four units staked, and with 4/7 you can win four units
for every seven units staked.

Converting Odds Formats

If you ever want to convert odds from one format to another,
there are some reasonably straightforward calculations you can
do. We can save you the bother, however, as we offer a useful
tool which will automatically convert any odds from one format
to another. You can find this tool on the following page.

Why Odds Vary on the Same Outcome

For a lot of wagers on sporting events, you’ll see that
different bookmakers offer different odds. For example, one
might have a football team at +130 to win a match, while another
might have the same team to win the same match at +120. To
explain this, we expand on a statement made earlier.

When we said that odds reflect the likelihood of a particular
outcome happening, it would have been more accurate to say that
they reflect how likely a particular outcome will happen in the
view of the bookmaker. Predicting how likely any outcome is in a
sporting event isn’t an exact science, and it essentially comes
down to a matter of opinion.

This is why the odds in sports betting are variable, because not
all bookmakers will have exactly the same view on how likely a
particular outcome is. Odds can also be affected by other
factors, such as the amount of money a bookmaker has taken on a
particular market. What this means is that the odds that a
bookmaker sets for a wager aren’t always an accurate reflection
of the true likelihood of the relevant outcome happening.

Therefore, it’s possible to put the odds in your favor when
betting on sports. If you’re able to correctly predict the
outcome of sporting events often enough, you can consistently
turn a profit. It’s not easy, but if you can combine your sports
knowledge with an understanding of certain key aspects of
betting, it can definitely be done.

Odds are one of those key aspects, and you hopefully now
understand how they work and why they vary. You should also
understand why the use of odds is the main reason why bookmakers
make money, which we explain in the next article.

This is a beginners guide to football betting, written by a beginner!

You might not know this about me, but whilst Ian is a football betting expert with a long history of placing football bets, I am not! I know the web and how to make things on it, but I don’t know a lot about football.

I do love this site though, so I wanted to learn more about football betting so that I can better contribute to the conversations on it. I have been researching things for some time and thought I would write them up as a guide to football betting.

You might wonder why I didn’t ask Ian to write this guide, him being the expert, the truth is I thought it would be better coming from someone picking up the ropes. Ian knows so much he might assume you know something you don’t, I don’t know anything so that can’t happen!

Beginners Betting Guidelines

Something that you might benefit from is ourfree tipster email course. It is a free email course that takes 7 days to complete and by the end of it you should be a bit of an expert!

Some Football Betting Terms

I figured I would start off with some football betting terms.

• Stake – This is the amount of money you place on a bet, in other words the amount of money you stand to lose if you don’t win.
• Accumulator – A football accumulator is a series of single bets grouped together, if each of the bets comes off then the odds accumulate together. Normally when you hear of people putting a fiver on something and winning a couple of thousand it is because of accumulators. Because each bet needs to win though they can be risky.
• Handicap – This is a bet that is offered when one team is the clear favourite – Think Brazil vs your local old boys team! The handicap gives a small advantage to the underdog. For example, there may be a one goal head start given to the underdog. I am going to explain Handicapping more later in this article.
• Half Time/Full Time – This type of bet is split into two, when you predict the winner of the first half then of the entire game. So you could predict a draw at half time but for the home team to win by full time.
• Banker – This is basically the closet thing to a certainty as you can get, the tipster is very sure that the bet will land if they consider it a banker. For example we give banker tips to our members.
• Scorecast – This is when you bet on a player to score the first goal along with predicting the correct score.
• Wincast – Very similar to a scorecast but you bet on a player to score and then predict the winner of the game.
• 90 Minute Betting – This is mentioned a lot when people bet on individual players (maybe as goal scorers) normally if the player doesn’t make an appearance the bet is called off, but if the player appears during the normal 90 minutes of the game they are eligible for the bet.
• 24 Hour Rule – Most betting websites have a rule like this where if a match is postponed the bet only becomes void if the match doesn’t get played within a 24 hour period. So for example if a match was just put back 2 hours the bet would still stand.
• Over/Under – Overs and Unders are when you bet on the amount of goals being scored, normally it will be over or under an amount, for example over 2.5 means if there are 3 or more goals. Under 2.5 would be 0, 1, or 2 goals being scored.
• DNB – This stands for Draw No Bet. What this means is if the score is a draw you get your money back for your bet. This can be seen as a safer option but you should understand that the odds are usually lower when this is selected.
• Double Chance – A Double Chance bet is one where you pick a winner and if they win OR it is a draw, you win the bet. If the team you pick loses then you lose the bet. Like DNB the odds are generally lower but it is a safer bet as a result.
• Bankroll – how much money you have to bet with. We’ve written more about what the bankroll is.

Handicaps

Handicaps are something that confused the heck out of me for the longest time, so I want to spend a while looking at them in detail. This is such a common question that I have written up a guide to the Asian and European handicapping.

Want to learn how to be an expert football bettor for free?

Accumulators Vs Singles

These are the two most common way to place bets these days so I wanted to cover them in a little detail. We don’t hide that fact that Ian prefers singles but that doesn’t help you if you don’t know the main differences.

When you bet with an accumulator, all your bets need to win in order for you to be able to claim the money. This makes it much harder to win but of course the reward is far greater. As a new football bettor it is very tempting to bet on accumulators because you could see your £10 stake spiral into big bucks pretty quick.

Singles on the other hand are not effected by other bets. So if I place £10 on three different matches as singles and 2 of them come in, then I make money on those two bets. The odds aren’t as good if I was to role up all my bets into an accumulator, but the odds of me walking away with some money are much higher.

The main advice here is to find what it right for you. Just because some people swear by accumulators and others swear by singles doesn’t mean you should listen to the loudest voice. Do some research, maybe put some small stakes on a few different ways and see what felt good and what had a good return on your investment.

Getting your way with the bookies

Something you will encounter when you start football betting is a range of different online and offline bookmakers. All will have their own way of dealing with things and all will want you to work with them differently. This can seem daunting but we’ve written up a guide on what to look out for and how to state your case if you think a bookmaker has wronged you.

Horse Betting Beginners Guide

Generally accepted good tips

A guide to football betting wouldn’t be complete without sharing some good tips! Here are some generally accepted good tips that I have gleaned from my research and also from interviewing football tipsters!

Don’t bet with your heart, bet with your head

This means don’t bet because you want a team to win, bet because you think they will win!

Likewise don’t bet against teams you don’t like just because you don’t like them, bet against them because you think they are going to lose.

Try not to get greedy

There are two things I have caught myself doing related to being greedy, the first is adding extra teams into an accumulator just because it will bump up my maximum payout. This is almost always a terrible idea!

The second thing I have done is bet more money on a team than I initially was going to. You should have a plan for how much you are going to bet and stick to it.

Have patience

You are not going to win every bet, if you want to become successful at betting on football you need to be patient and pick the right bets for you.

Never bet more than you can afford to lose

Before I place a bet I always think about the money I am going to be placing on it and think, if I were to lose this money right now would I be OK with that. If the answer is no I won’t place the bet.

Seek help if football betting is becoming a problem

If you think gambling might be becoming a problem for you then my advice is to seek help. GambleAware might be worth a visit!

Don’t bet on friendlies

They are too unpredictable, you don’t know how much effort the respective teams are putting in and reserve players may get an outing that you weren’t counting on.

If the friendlies are before the start of a new season (they often are) players will be very aware to not pick up any injuries so might not play as hard as they normally do.

Know Team Motivation

What I mean by this is that two teams can look a certain way on paper, but if one of those teams has already won the league and the other is fighting to stay in the league there is a very good chance that the team good on paper will be on auto pilot whilst the team playing to stay out of relegation is going to be fighting for their life!

Some North American football betting terms

If you’re visiting our site from North America then some of the terms I highlighted at the start might be confusing. Here is a quick translation.

• Locks – are what we call “bankers”
• Parlays – are what we call “accumulators”
• Straight Bets – are what we call “singles”
• Wagering Event – are what we call “fixtures”

Questions about our guide to football betting?

If ever there was a post to comment on with your questions this would be it! The only stupid question is the one not asked.

We’re also really keen on hearing where we can improve this article, so if you still have questions or something wasn’t clear, it was because we’ve done a bad job and we would love you to tell us how to do better.

If you’re hungry for more, I can highly recommend our free email course.

Know someone who would benefit from a beginners guide to football betting?

Unfortunately a lot of money is wasted because people place bets without really knowing too much about what they are doing. If you know someone like that please feel free to share this with them. The social media share links are below if you’d like to share on Facebook etc.

Next Steps

If you feel confident enough to start actually betting on football matches, then might I suggest you sign up as a member, or perhaps register with a good online bookies.

You can get a sample of our free tips here.