## How to calculate odds in betting

One of the main criteria when choosing a bookmaker is the odds on bets. But what is it, how are they calculated, and why are these values set? In this material, we will consider in detail How to calculate odds in betting. And we will understand all the nuances of the coefficients, their calculation, etc.

## What are coefficients and how are they formed?

To begin with, it is worth understanding what a coefficient is. Everything is quite simple here, the coefficient is the probability of a certain event, taking into account the bookmaker’s margin. For players who place bets, this indicator is the main one when measuring profit and payout amount. In general, we can also say that the coefficient reflects the probability of winning, it is by it that the players determine how high the probability is and whether it is worth making a bet.

Calculating odds is not easy. To do this, bookmakers attract fairly large analytical departments, and also use professional software that calculates probabilities. The first option, with manual calculation, is practically not used anymore, since it requires a lot of time and effort, a solid staff of analysts who will take into account hundreds of factors and much more. Therefore, today the calculation is carried out automatically using special software.

### What are the coefficients?

Looking at the economy, you can see dozens and even hundreds of different coefficients that are calculated in different ways. But it is customary to use only 3 formats in bets, namely:

1. American.

2. European.

3. British.

In this case, all these coefficients are calculated in the same way, and differ only in the designation. Therefore, it is worth considering each of the options in a little more detail.

#### European odds

This is the most common type of decimal odds, which reflect the probability of an event in the format of a fractional number, for example, 2.25, 1.12, etc. Betters from the CIS are used to seeing just such options, and it is convenient to determine the probability of an outcome using them. For example, if the coefficient is less than 2.00, then the chance of winning is quite high, when the coefficient is greater than 2, then the chances are sharply reduced.

With such odds, it is also easy to understand the probability of winning and its impact on profits. The calculation is simple:

1. The coefficient is determined by multiplying the face value of the bet by the quote.
2. The probability in this case cannot be equal to 1 or be less than it. If the probability is equal to 1, then the bet becomes returnable. For example, if a bet was made on Total over 3, and the teams scored only 3 goals, then the bet will be returned to the account and that’s it.
3. Considering the standard coefficient of 2.5, we can conclude that it speaks of a 40 percent probability of passing. In this case, the profit will be 1.5 face value of the rate. Those. if you bet \$100, you will get \$250, of which \$150 is pure profit.

Also, European quotes have their own varieties. One of these is the Hong Kong coefficient. It differs only in its spelling, namely, such a coefficient is less than 1 from the standard one. It shows net income. That is, for the same match, the standard odds for winning 1 can be 2.3, and with the Hong Kong spelling it will be indicated as 1.3.

#### American coefficient

The second type, which is the most difficult to perceive in the CIS. It is expressed as an integer with a plus or minus sign. Calculated as follows:

1. The positive option shows the amount won from a bet of \$100.
2. Negative will indicate how much the bet must be in order to make a profit of \$100.

For example, 2 teams play, Barcelona and Manchester. To win first, there is a coefficient of +230 – this means that if you bet \$ 100, you will receive 230 if you win (translated into European, the coefficient will be 2.3). On “Manchester” the rate is -165. This tells you that you need to bet \$165 to get \$100 in net profit.

They also have two varieties:

1. Indonesian. Standard notation divided by 100. I.e. +100 would be written as +2.00.
2. Malay. It is written as a fraction, for example, -0.80, i.e. To get \$100, you need to wager \$80.

#### British

Such coefficients are described by fractional indicators and are absolutely unusual for many players from Europe and the CIS.

For example, the ratio is 6/2. Those, the probability of winning is 6 to 2. That is, in the standard European version, it will be equal to 3, and the American one is written as +300.

## Summarizing

As you can see, the coefficients in the line indicate the probability of the passage of events, and also indicate the risks. Manually calculating all indicators is as inconvenient as possible, long and a person can make a mistake. Therefore, all calculations are carried out using special software and change in real time. There are several recording formats that are selected by each bookmaker based on its audience, as well as a large number of other features. But they are easy to understand and understand, How to calculate odds in betting.

## What is reverse betting

Sports are an absolutely unpredictable field, and betting is a rather risky activity, since you can lose your money at any moment. But professional bettors develop and apply various strategies that help to save their funds, minimize losses and even earn money. And one of these strategies can be called “counter-move”. But to understand how it works, you should first understand What is reverse betting.

## What are reverse rates?

A reverse bet, or a bookmaker’s fork, is a bet on opposite events, using different bookmakers for this. Moreover, it should be borne in mind that the odds for events should be such that if one bet is lost, the second one brings profit and covers losses.

Such bets can be for any opposite events, including:

1. On the result of the match (victory of one of the teams).
2. Handicap.
3. To the total.
4. Goals.

And much more. In general, wherever there are opposite outcomes, such bets can be applied. The main thing is to consider offers with high odds.

### The essence of the betting strategy

The method of betting on the “counter-move” strategy is quite simple:

• The player makes an express bet, including 3-4 events in it. It is important that they play at different times, and not go in parallel.
• If the first and second events played successfully, then you can insure your investments.
• In this case, a bet is made on the opposite outcome from the last event.

In this case, the rate coefficient should be such as to cover the costs.

To calculate such a bet, there is even a special formula S x E/K, where S is the bet on the express, E and K are the odds of the express and counter move, respectively.

By making such a bet, the player can be sure that regardless of the outcome, he will receive a win.

## Reverse Betting Examples

As an example, consider the following situation. The player made a bet on 3 matches, choosing in each of them the victory of one of the teams with odds of 1.9, 1.8 and 1.5.

The total odds are 5.2 and if you bet 100 euros, then the potential profit will be 520. If the first and second events come in, then there is time between matches to bet on the opposite team in the third event. The coefficient of the bet is 1.9, which means that you need to correctly calculate the size of the bet.

According to the formula, we substitute the values: 100 * 5.2 / 1.9. The total bet will be 273 Euro. The total cost of bets is 373 Euro. At the same time, the user remains in the black guaranteed:

1. In the first case, if the accumulator plays, he will receive 520 Euro.
2. If the express does not work, then the winnings will be the same size.

The only thing is that in the first case you get 140 Euros, and in the second 146 net profit.

As a result, you get a reliable safety net for your express bet.

### Another counter strategy

In addition to the previous one, there is an additional strategy for betting on reverse outcomes. It is suitable if you do not have large financial resources.

If the user is sure that the last event will play, then you can choose the second option of the counter move.

Here, if in the first case the rate was calculated in such a way as to make a profit in any case, then in the second situation it acts solely to cover expenses.

This rate is calculated according to the formula S / (K-1). Using it, you can see a profit of 111 Euros, which covers the funds spent.

If we take the calculation, we get:

1. In the first option, the winnings from the accumulator will be 513 Euros or 302 excluding all costs.
2. If the parlay is lost and the workaround is triggered, the profit will be 211, and minus the costs, there will be nothing left.

Therefore, it is worth being as vigilant as possible when using sports betting and not believing everything that is written on the network.

## Why choose a reliable bookmaker?

Opposite or reverse bets are also quite a risky tactic, which brokers do not always approve of. Therefore, the user needs to create accounts with different bookmakers and work secretly, taking into account the possible exchange of information between bookmakers. Therefore, here you need to select even several companies that will help you deal with the peculiarities of rates and start making them.

When choosing a bookmaker, consider:

1. How long has the project been running, is there official registration and licenses.
2. What is the reputation of the project. Pay special attention to blocking due to forking on bets.
3. What features and bonuses the user offers.

And these are just a few factors that must be taken into account. Therefore, if you want to try making reverse bets, then you need to find a reliable project and start working on it.

And if you have questions about betting strategies or others, our experts will always answer them and help you solve them. It remains only to register and start making the first bets.

## What is odd and even in betting

In sports betting, there are a large number of different strategies and possible outcomes. For those who do not bet for fun, but are trying to make money in this direction, it is simply necessary to study all the features of the strategies. One of the most popular is the even-odd strategy. And we decided to consider all the features of such a solution and figure out What is odd and even in betting.

## What are even odd bets

This type of bet is placed on Total, i.e. number of goals in a match. Accordingly, in the very name of the technique, you can see that bets are placed on an even or odd number.

For example, if a player bets on even and the match ends with a score of 1:3, then the bet wins, and if the score was 0:1, then it already loses. At the same time, such bets can be made in several ways, for the entire match as a whole, for separate halves, for the total score or for each team.

It is also possible to bet on the number of corners, yellow cards and a host of other events.

At the same time, it should be borne in mind that bookmakers often lay a very high margin on such bets. Therefore, it does not make sense to play on statistics here; at a long distance, this option can lead to a loss of the bank.

But at the same time, there are certain strategies that help to minimize risks and get some profit.

### odd and even betting strategies

The choice of strategy, and in general its formation, depends on several factors, namely:

1. The level of team play.
2. The nature of the struggle.
3. Statistics of past meetings.

Given this, you can choose one of several strategies, which we will discuss later.

### Odd difference

The first strategy is a kind of fork. It looks like this:

In the first match, a bet is made on a draw and odd.

1. If there is a draw, then the player can get a win at a good odds, losing money on the second bet.
2. If there is a victory for one of the teams, then with a high degree of probability it will be exactly odd, where the odds are on average about 2, and it will turn out to beat off the bet on a draw.

For such a bet, confrontations of approximately equal teams are suitable, for example, those who are next door in the standings and the gap is no more than 3 points. For such matches, such a fork almost always comes in, since the teams are equal in strength and are fighting for their victory. As a result, either a draw is obtained, or the difference is 1 goal.

### Pursuit

The second strategy is a catch-up game. That is, the better chooses one team and watches its matches, betting on even or odd in each of them. But this approach is quite dangerous, since you can get into a long losing streak, as well as the lack of a pot to wager.

To increase the chance of winning in such a bet, it is better to consider closed teams of low-scoring championships.

They quite often play in a draw, and if they lose or win, then usually with a minimum difference of 1 goal.

Thus, you can use the first strategy, and in the future put a catch-up, which should bring winnings.

## Safety Express

This is a rather interesting tactic, for which you first need to collect 5-7 events in an accumulator and bet only on even or, conversely, odd. After the matches are collected, with the beginning of each of the meetings that are selected, you need to make an ordinary, i.e. single bet on the opposite outcome.

You need to bet as many times and such amounts to cover the difference between the loss on the express itself and the previous bets that did not go in.

The developer of the strategy says that he himself, using such a technique, extremely rarely even reaches the 5th match, since the bet often plays up to 4 matches.

Using strategies to bet on such an event has certain advantages as well as disadvantages. Among the advantages are:

1. A simple strategy that even beginners can handle.
2. The strategy itself is somewhat unpredictable, but at the same time quite profitable.
3. The ability to create combined bets using additional strategies, which allows you to get a profit at a distance.

There are also some downsides, including:

1. High margin bookmakers. On average, it is 5 percent or more.
2. Quite a big risk.
3. Small coefficients. Usually they do not exceed 2.0. Therefore, the risk of losing money when playing catch-up returns.

These are just a few of the highlights to pay attention to. In general, the use of such a strategy has certain advantages, but its disadvantages are also significant. Therefore, it is worth taking a responsible approach to this issue and not making bets thoughtlessly. In addition, for starters, you should select the best matches for yourself and be able to analyze them, because without this you will only lose money and nothing more.

## Online betting in Nigeria

Sports betting is one of the most popular destinations in different countries. Some users make money in this area, others just want to add some excitement to watching matches. But no matter for what reason you need to bet, for this you need to choose a suitable project that will be honest, pay winnings and provide the widest possible list of matches. And if everything is simple in large countries, then choosing a bookmaker for Online Betting in Nigeria can be difficult. Therefore, we will consider all the features of this industry in Nigeria and the country’s main bookmakers.

## How to choose the right bookmaker?

First of all, you need to figure out what parameters to select a bookmaker. And there are certain criteria that must be taken into account. Let’s take a look at the main ones below.

### Markets and Odds

This is one of the first evaluation criteria. The bookmaker should provide access to the widest possible number of gaming events in different disciplines, and at the same time have a minimum margin in order to provide good odds.

Most often, users prefer the project that has the highest coefficients.

### Bonuses and special offers

The next factor is the availability of bonus programs and increase in coefficients. Everything is simple here, almost every player wants to bet less and win more. And bonus programs, as well as special offers and VIP statuses, just help with this.

On large projects, there are always separate programs for beginners and experienced users. But the small ones are not far behind, trying to compete with the market leaders.

### Live betting

The ability to bet live, or even better, watch the match directly from the player built into the bookmaker’s website is the best solution for many.

That is why bookmakers provide such opportunities to users.

But, unfortunately, not all projects that offer Online Betting in Nigeria provide such an opportunity.

## Deposit replenishment methods

Payment and withdrawal of funds is an important part of the rates, and therefore the service should provide the widest possible choice for users. This can be payment by card, electronic wallet, cryptocurrency, etc.

## Mobile apps and design

Having your own mobile application already increases the demand and popularity of the betting shop at times. But if it is not there, special attention should be paid to the site interface.

It should be responsive and work stably on all devices. In addition, the interface should help the user, be intuitive and convenient.

### Reputation and security

Of course, you should not neglect the verification of the BC license, certificates of conformity, encryption and other protective measures that must be on a modern project.

Well, the reviews about it are also worth studying in detail.

## The best bookmakers in Nigeria

Now it is worth highlighting several major bookmakers in Nigeria, which are market leaders. And among them:

1. Bet9ja. This is a large bookmaker that operates both online and has a network of offline betting shops. Offers to bet on all events within the country, as well as a large number of championships abroad.
2. MerryBet. The Merry Bet project offers a 100% deposit bonus, allows you to bet in Live mode and has the highest payout speed.
3. Nairabet. Possibility to place bets from football to cricket. The company is the first in Nigeria and the oldest, has long earned itself immunity.
4. Betway. BC has proven itself. as a leader in online betting in Nigeria. And using the platform is as simple as possible.
5. SportyBet. A fairly young bookmaker that appeared in Nigeria not so long ago. It offers profitable bonuses and good odds, which allowed the project to take the 5th line in the rating.

The choice depends strictly on what you personally like best, taking into account the design of the project, the minimum deposit, betting limits and other features. And if you have any questions when working with BC, then its technical support will always be ready to help.

## What do you need to bet on sports?

To start betting on sports in Nigeria, you must first select a bookmaker and go through a quick registration. After that, you will need to go through verification on the site, for which you provide a passport and other personal data.

Next, you need to replenish your account on the project and start placing bets without any restrictions. And if you have any questions about working with bets and bookmakers, our specialists are always ready to help each user. Now you just have to choose the most suitable project and start placing bets.