Everyone might claim to know what be--tting odds are, but not everyone actually understands them indepthly. They simply only know what the bookmakers offers to them.
SO WHAT ARE BE--TTING ODDS?

Be--tting Odds are a numerical expression, usually expressed as a pair of numbers, used in both gambling and statistics. In statistics, the odds for or odds of some event reflect the likelihood that the event will take place, while odds against reflect the likelihood that it will not. In gambling, the odds are the ratio of payoff to stake, and do not necessarily reflect exactly the probabilities.

The above is a classic dictionary explanation of be--tting odds. Even if you if you knowledge of English isn't that great, as a bettor, I am quite certain you would be able to grasp what the definition was talking about.

I am not here to tell you what you already know about be--tting odds. I simply intend to take you further into the world of be--tting and give you more knowledge on be--tting odds.

Sometimes you wonder why you lose more than win not realizing that some of your gambling misfortunes could well be trimmed if you know how odds really work.

Obviously, money is the tool of trade when it comes to sports be--tting, the sporting event is the product you want your money to pay for and the odds are simply the price at which your money buys that product (event). So without odds you can as well keep your money as there would be no trading and without basic understanding of how this odds work you will not be a successful bettor.

so you see, in the world of sports be--tting , odds are of extreme importance to both the seller (bookmaker) and the buyer (bettor). The party with the superior knowledge likely takes the advantage.

So then, what are be--tting odds and how do one interpret them?

Be--tting odds are simply the price of a bet. Nothing more, nothing less. Odds are there to tell you how much your payout would be in the event of a winning bet and are not necessarily the actual probability of an event happening or not happening.

Simple right?

Wait until you get introduced to the two main types of be--tting odds:

Decimal Odds
Fractional odds

There is no difference in terms of payout or value to choose one over the other. They are same things displayed differently. As mentioned earlier, in gambling the odds are the ratio of payoff to stake and do not exactly reflect the true probabilities of an event.

Decimal odds are what you most likely used to. With these sort of odds format your stake is included in your returns automatically. For instance an odd of 1.5 implies you would win $150 with a $100 stake (stake x odd = winnings). That’s one advantage of decimal odds. Just by seeing the odds you can tell your expected returns.

The real headache lies in fractional odds. As the name implies, they are displayed in fractions and there are two ways you can use to understand how they work:

In terms of the ratio of how much you will profit/how much you have to stake.
In terms of the implied long term frequency of an event happening.

Say you have a fractional be--tting odd of 5/1 – one meaning is that if you stake $1 (denominator) at 5/1 you’d win &5(numerator) and have your staked returned to you. So if you stake $4 at 7/4 then you’ll win &7 and get your N4 stake back.

If you look at the odds above carefully, the numerator is bigger than the denominator. This is referred to as proper fractions in math, but in gambling they are known as “odds against selections”. When the likelihood of an event not happening is greater than the likelihood of it happening, then the odds are ‘against’ that event happening. For taking on such risk, the amount the gambler wins is greater than the amount staked.


Another way to look at those same odds is in terms of the implied long term frequency of occurrence – taking the 7/4 odds for instance, what it says is if this event is repeated 11 times (numerator 7 + denominator 4), the team will win 4 times and not win 7 times.


Not to mention you can see odds that are upside down with the denominator bigger than the numerator (improper fraction) – such as 4/6, 2/3 and so on. This sort of fractional odds are called ‘odds on selections’ and it tells you the bookie is tipping this team as the strong favorite to win.


So an odd 2/3 implies that for every $3 stake you bet, you will win $2 and have your stake returned.


Who says fractional odds aren’t headaches? Decimal odds are no doubt far easier for the heart and brain to understand hence their popularity.

So if I ask you 4/5 and 3/8 which is smaller? even the gifted would find it uneasy to give an answer at a go, but turn same question around and ask 1.80 and 1.37 which is smaller? the answer is obvious and as clear as day.


Evidently, decimal odds makes it super easy to calculate potential returns -you see an odd and you know at once that if you stake this amount you make that amount but fractional odds goes the extra mile of forcing you to think in terms of probability. So these guys are saying if this team plays this same game 10 times they’d win just 3 and not win 7? How true? Is the bookie over/underestimating something? You see, probabilistic reasoning kicks in.

In a game where outcomes are randomly distributed, thinking in terms of probability could sometimes help you make an educated mathematical guess when you have nothing much to go with.

That’s why the purpose of this article is to help you know your onions when it comes to odds. It’s not a perfect science, but once you start getting a proper understanding, things starts getting better and you are more likely to hit bigger winnings.


To start making better be--tting decisions and claiming bigger winnings, the first thing you need to do is work out yourself what you think the chances of a team winning is and compare your own prices with that of the bookmaker. Don’t worry this simple task of compiling your own be--tting odds is not as scary as you may have thought. Moreover, you can always start developing your skills with simple methods until you become adept to venture into more challenging waters.

If you are interested in learning how to compile your own odds, stay tuned because I will be dropping the guide soon.

Drop any questions in the comment section and I will gladly answer you.

An accumulator (also known as acca) is a bet which is made up of four or more individual bets/selection.

One good thing about an accumulator is that it will give you very large odds because of the multiplier effect. The more games you add to you acca, the more the odds and the more you stand to win. Sounds great, right?

Well, here is the interesting part. For your football accumulator to actually win, all the selections must win.

For example, if your football accumulator (or football acca) has 19 out of 20 winners, but the last one loses, the whole bet loses.

Sucks, right?

Accumulators are so popular because of the way the odds multiply. Essentially you can have 5-6 selections and be on to win thousands of dollars. It’s actually not as easy as it sounds. A lot of amateur punters hope to strike it big buy piling selections on an acca and betting with the minimum amount allowed. They usually learn the hard way that less than 1% of punters actually win the mega money this way.

At Juicytips360 we detest accas and football accumulators and advice our subscribers to avoid them like plague.

Guess who loves accumulators?

Bookmakers love it when punters foolishly bank on an accumulator. That's why they give you those bonuses when you play an acca. That's how they make so much money. Because they know you will almost never win or just win very little. They play on your greed. They make you focus on the thousands of dollars you can win with just five dollars and when you lose, you just chalk it off as only 5 dollars. Multiply that by the millions of bets they see daily and you will understand how they make so much money

You might make some money from an accumulator today, but if you keep using that technique, you will end up making losses after a few weeks. It is not a smart way to bet.

I am sure you must be asking, "So what's the alternative?"

The answer very simple. Just focus on single events.

Yes, you read right.

Single events will make a profit for you. Profit is the main reason you are betting. No matter how small it might appear to be, it will ensure you never actually make a loss. you can even make a comfortable living off of it. It might not be the thousands of dollars that you were promised by the bookies, but it is

The best way to do single bets is by going for value bets. With value betting the focus shifts from trying to predict the outcome of a game to strictly looking for bets with odds that are bigger than they should. and when you bet on such odds over and over again, over a period of time, you’ll lose less and build equity over time.

I am sure you are eager to learn how to discover these value bets. Well, you are in luck. Will teach that in one of my next post.

Stay tuned and stop losing money.

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Asian Handicap Be--tting is very popular with seasoned punters. Many punters talk about it, but very few actually know what it means and fewer know when to use it.
SO WHAT IS ASIAN HANDICAP BE--TTING?
________________________________________
First of all, "Asian Handicap" is not a Chinese guy with physical disabilities (*chuckles lightly*).

Asian Handicap be--tting is a type of be--tting seen in football be--tting and other sports that can end in a draw. The aim is to give a level playing field to two opposing teams of disproportionate strength/form (Favourite and underdog) and also eliminate the need for a draw. It is also a type of "Spread Be--tting". Teams most likely to lose are given an advantage (in terms of goals) before kickoff. Handicaps (or goal advantage) are usually given to the underdog team (this is the team more likely to lose). The handicap could be a whole number or a decimal/fraction.

WHY IS IT IMPORTANT?
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Football is one of the few sports in the world where a draw is a fairly common result. With traditional fixed odds, draws are treated as an actual outcome in the game. In other words, if you be--t on a team to win and the game comes to draw, you lose.
With Asian Handicaps, however, there will be no draws or tie games as they are forced to produce a winner. In doing so each team has a 50% chance of winning and so do you as a be--ttor.

HISTORY OF ASIAN HANDICAP BE--TTING
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Asian Handicap be--tting originated in Indonesia (hence, the "Asian" part). Colloquially known as "hang cheng be--tting" in Indonesia, it wasn't until 1998 that an Indonesian bookmaker asked an English speaking journalist to coin an English name for this particular type of be--tting for the English market. It was after then that it became known as "Asian Handicap be--tting".

HOW DOES IT WORK?
________________________________________
The underdog will start the game with a fraction of a point/goal. For example, Real Madrid playing against Ipswich Town FC and let's say Ipswich Town FC was given a handicap of .5 goal. The starting score for the match would be Real Madrid= zero and Ipswich Town FC = .5. Now if Real Madrid scores 2 goals for the entire game and Ipswich Town FC also happens to score two goals, that would have normally been a draw, but seeing as the under dog team (Ipswich Town FC) had already started with .5 score, their final score would be 2.5 while Man U is still at 2. The underdog team would have won that match.
Therefore, a draw will be impossible as there is no way any team can score a fraction of a goal to make the score even again, someone would have to win, however, the handicap is not a set fraction. It does vary. The handicap is a virtual goal head start and can increase in increments of ¼ i.e. ¼ goal, ½ goal, ¾ goal, 1 goal, 1 ¼ goal etc.



TYPICAL EXAMPLE/USAGE
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When an underdog receives a ½ (or 0.5 depending on the bookmaker) goal handicap, it means that you are be--tting for it to start with a virtual half goal lead. Depending on your wager this could lead to a number of situations. Say for instance Barcelona and Blackburn are playing (Blackburn has the handicap of ½) and you be--t on Barcelona to win, the following outcomes will result:
Barcelona vs. Blackburn:
0-0 = loss
1-0 = win
0-1 = loss
2-0 = win
3-0 = win

ADVANTAGES
________________________________________

• Elimination of a draw result increases odds of winning.
• When used in an accumulator there are less possible outcomes which increases the chance of winning.
• Depending on the handicap, you might still win if the team you be--t on loses the game.

DISADVANTAGES
________________________________________

• Asian handicaps are hard to understand at first.
• Fixed odds provide be--tter odds for underdogs compared to Asian handicaps.


Do you think you have more information on Asian Handicap Be--tting?
Feel free to let us know in the comment section and someone might just become be--tter at be--tting, all thanks to you.
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Football Be--tting is quite an exciting and very profitable investment if you can avoid some common mistakes in football Be--tting. The only problem is that people don't take it serious enough and leave it to chances. It should be a well-calculated investment, just like investing in the stock market. You wouldn't simply buy the stocks of a company just because you feel like it?
You will first need to study the company and/or employ the services of a professional well versed in the business to let you know which stock to buy to buy. This professional will also let you know which mistakes to avoid and why you have been losing money. Today, we will give you the top six common mistakes in football be-tting and why you have been losing money to bookmakers.



1. Having too much Blind Trust in "Experts"


While we encourage getting professional guidance as a Be--ttor/pun--ter, we will also encourage you not to do so without also carrying out your own research. There are a lot of "Be--tting experts" on the Internet when it comes to football Be--tting. All will claim to be the best, but most are not. We encourage you to research their track record and see if they are as good as they claim to be. Some of these people are worth listening to, but some are not. Most pun--ters tend to rely heavily on the opinions offered by the experts when placing their Be--ts. They allow the experts to influence their Be--tting decision. Do understand that for every sporting event, not every expert will predict the same outcome. With enough diligence and discipline, you too can become an expert at sports Be--tting.



2. IMPATIENCE


The above heading was put in all caps for a certain reason. This is because it is usually the most important



aspect of the game. It boils down to the discipline we mentioned earlier in this article.

If you think real Be--tting is all about luck, then you will keep losing more than you will be making. Real professional Be--tting is all about research, discipline & patience. Don't be fooled when bookies advertise someone that won millions to you. That's just one person out of millions that lost that period. Impatience is one of the common mistakes in football Be--tting that even seasoned football Be--tting experts sometimes forget.



3. Not Taking Starting Line-ups into Account
One of the common mistakes in football Be--tting has to be when pun--ters overlook the starting lineups of the teams involved in the match. A lot of amateur pun--ters place multiple Be--ts that will run for several weeks, hoping to rake in big. We have already told you why multiple Be--ts are not advisable, but there is another reason for you to stay away from it. Those that run the above type of Be--ts, usually do not consider the starting lineups of the contesting teams. The nonavailability of a key player can drastically change the outcome of a match. Lineups are usually released an hour before a match. Using such data can vastly improve your Be--tting experience and earnings.



4. Looking for the big money to come instantly


A lot of Be--ttors believe that they can hit that big win by accumulating multiple Be--ts and playing it with a very small amount of money. Most bookmakers know this and are only happy to take your money. They are usually seen encouraging Be--ttors/pun--ters to Be--t on multiple selection Be--ts, which can turn small stakes into large sums. The chances of such happening are very slim. Only very few people actually get to make it this way Professional Be--ttors rarely Be--t in multiple selections.

The longer your Be--tting slip, the more likely that the bookmaker and not you will be laughing to the bank. Most professionals focus on the small but accurate odds (usually Be--tween two to five odds). When they win, they withdraw their capital (the actual amount they placed the Be--t with) and place the same type of Be--t with their profit. This way, they get to build a bigger bank, slowly but steadily.



5. Placing Be--ts based on emotions


Be--tting is a very practical and logical source of income. It requires skill and discipline. Allowing your emotions to influence your decisions will only lead to doom for you. Yes, we know that you are a life-long fan of Yeovil Town F.C, but that doesn't mean you should Be--t on them to win Manchester United when all the stats and data clearly doesn't indicate that. You need to decide to either be a supporter or a smart Pun--ter/investor.

A pun--ter must accept the fact that a Be--t can result in a gain or loss. Emotions are not good for gambling. You should see yourself as that CEO that has to fire that close friend that is a highly under-performing staff because if you don't, you stand to lose your investments. Professional pun--ters are known to control their emotions. This boosts their confidence in placing high-stake Be--ts. Emotions also prevent pun--ters from advanced Be--tting strategies like arbitrages, laying and hedging.



6. Not having a Bank
Most pun--ters think short term, hence, they are not interested in actually watching their money steadily. They lack the financial literacy to actually calculate their earnings. Seasoned Be--tting experts understand the need for a bank. By bank, we don't mean a financial institution that gobbles up your money and charges you before it can give you your own money. By bank, we simply mean putting aside a specific amount of money for a given period (A few weeks to a few months) to Be--t with. Increase or decrease to this amount will signify profits or losses for you and will dictate if you should continue with a certain Be--tting approach or not. A spreadsheet will also be required to tabulate your profits and losses and also to note down the actions that led to such occurrences.



Put all the above into practice and watch as you start earning more and losing less in your football Be--tting.

Are there some other common mistakes people make in football Be--tting that you think we might have missed out on? Kindly let us know in the comment section for others to learn as well

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