How the bookies define the odds

To win in betting you should know one thing which is really important. The bookies are offering their odds not because they think that team A is better than team B, but because the punter thinks so. This is very important because you have to find out the mistakes that the other punters usually do and exploit them.

Think about such a mistake. Have a five-minute break from this betting article and try to find one.

You are ready? OK, whichever mistake you found it is better for your understanding of the betting world. Now, I will show you one of the biggest mistakes the punters do, especially the rookies.

People love betting onbetting odds big guns. Barcelona is playing against Malaga? Well, they will smash them with 4 to 5 goals to null. Manchester United is host of Everton at Trafford? The Red devils should win easily by three goals.

However, it doesn’t happen all the time. If you take a look on betting stats you will see that on the matches where the favourite has odds of 1.2 or below we have between 16 and 20 percents of matches where the better team doesn’t win at all. The next thirty to forty percents of the matches the heavy favourite wins but with just one goal difference. These betting stats shows that in around 60 and a bit more percents of the matches with a strong team playing against much weaker one, the result is not a disaster for the underdog.

The situation is even better for the small teams when they play at home. However, people like big teams and love to bet on them. This is why the odds for Barcelona, Real Madrid and Manchester United are so small.

In conclusion, make effort and check Asian handicaps when a big team is playing with a small team. Check the results later and I am quite sure you will be surprised.

On the video below you will learn more about the odds and how they are defined.

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