GambleAware.co.uk 18+ Gamble Responsibly
©2014 Best Sports Betting India
Best Sports Betting India
The best sports betting odds for bettors in India
A lot of people have a misconception of how betting sites make money. Many think that bookies make money when you, the bettor, loses and they lose money when you win. This is not how it works. Think of the entire situation for the bookie. They take wagers on all potential outcomes of a given match. Their goal is to make a little bit of money on every match, no matter the outcome.
For this to happen, each bookie sets their betting odds in an effort to balance out the overall potential payouts for all outcomes for which they have accepted stakes. When lots of wagers come in on one side of a match, they will subsequently decrease the odds on that potential outcome, and increase the odds for the other outcomes to encourage bets on the other sides of the result in an effort to balance out the eventual payouts. In the end, the betting site hopes to pay all the winners from the stakes of the lost bets, and be left with some money to be counted as company revenue.
What does this all mean for you? If you like to bet fairly frequently on Ante-
After all, people are used to comparing prices for airline tickets and hotel rooms
to get the best value available on the market. In these cases, people might save
a $100 for a short hotel stay, or a similar amount on a flight. But how often do
most people need a hotel or airplane flight? Likely not as often as you will place
a bet, and if you like the kinds of wagers mentioned above, your potential returns
can range in difference between 10% to 50% between the highest and lowest paying
bookmakers for your particular bets -
In business, earnings come through profit margins. It is the same for sports betting sites. Odds margins are usually set anywhere between 2% and 10% depending on the sport, the betting site and the betting market (1X2 match betting, Totals, Handicap etc). Here is how odds margins work for a simple calculation for a typical football match with 1X2 match betting.
[(1/Decimal Odds Home)*100 + (1/Decimal Odds Draw)*100 + (1/Decimal Odds Away Win)*100
Pune City -
[(1 / 1.80) * 100 + (1 / 3.50) * 100 + (1 / 4.10) * 100] -
When you play with just one betting site, you must play with the odds that they provide and these odds are based on their own ledger of bets accepted. This is the collection of all the bets that have been placed by their customers and the kind of profit they want to derive. In the end, your opinion on the match is at the mercy of their odds and their margins.
With OddsJet.com, because you get a chance to get the best odds for your opinions, your best available odds might look like this:
Pune City -
[(1 / 1.85) * 100 + (1 / 3.70) * 100 + (1 / 4.50) * 100] = 3.3% odds margin.
By comparing odds in the example above, your available odds margins came down over five full percentage points from over 8.5% to 3.3% for a single event bet. When this kind of improvement is applied to your overall betting patterns, you have a better chance of staying profitable over time. Thus, finding your ideal odds with OddsJet gives you more room for error toward profitability. Thus even when it comes to single event bets, OddsJet can really help you find where you should be playing.
Combination and multiples betting odds
If you really like combination bets or multiples betting, then you really need to look at OddsJet. Look at the kinds of benefits you saw above for single match betting results. Imagine you are now multiplying those advantages by three, four, five, six or seven matches, or even multiples where we are talking about several combination bets. Potential payouts between reputable betting sites can range as high as 50%. Imagine that, 50%! Your match opinions are the same, but some companies are willing to pay you 50% more for a correct bet.
When you consider this kind of disparity in potential payouts, why would you even worry about a free bet offer or a deposit bonus offer? What do those promotions matter if a betting site is ready to pay $1,500 rather than $1,000 on your combination bet? Take the value where it’s offered, visit OddsJet before you bet.
Outright Winner Odds
An outright winner is the winner of a given league or tournament. The outright winner betting market is the single market that can have the highest variation in odds pricing between betting sites. This is especially the case when you are considering a potential outright winner that is not the heavy favourite.
Potential payouts can differ, by as much as 50% or more depending on the teams or players involved. Given such significant differences in potential payouts and the length of time you may need to wait for your bet to potentially payout, it makes a lot of sense to compare outright winner odds before you make your bet.
Imagine you wanted to bet on AS Monaco to win Ligue 1 outright at the start of the 2016/17 season. PSG would have been the heaviest favourites. Let’s say Monaco was 9 to 1 at your betting site, but another bookie had Monaco at 12 to 1. That’s only 25% better, but on a bet of $25, the payout is $225 versus $300.
That’s $75 extra on a potential payout for nothing more than having another betting account. Imagine if you are betting more money or your potential differences are even higher.
This is why comparing odds is useful. Creating and funding accounts could not be easier than it currently is. Don’t leave your potential payouts on the table.
Best Sports Betting Criteria