Understand sports betting probabilities


Betting Terms Explained

But if any of the selections lose, you lose the whole wager, unless you participate in ACCA Insurance promotion of some kind. Take a Bonus – Accumulator bonuses are fairly widely available for football and tennis. These days you can even find them for all sports from the likes of 10Bet, allowing you to mix and match sports even and even pre-event and in play. Bonuses are available simply because accumulators have high profit margins for bookies, this is their way of giving some of that back so you may as well use them.

For example, a 30/1 shot means that theoretically you should win that bet one in every 30 times you place it. As you increase the number of selections, the odds rise and the unlikelihood of winning that bet increases. What you need to be aware of is the maximum payout that bookies will have for these types of bets. Just because a bookie accepts your bet and states your payout for that bet to be high, doesn’t mean that they will actually honour that bet amount. On the other hand, if you were to place a bet that involved multiple first goalscorer legs, you have a much higher chance of a leg being made void – for example, if the player doesn’t come on for the team.

The concept of a full cover bet is a combination of several bet types. These may include singles, doubles, trebles, four- folds, five -folds and accumulator bets. They work a little differently to that of a standard bet in that you place your bet per line, rather than overall. But, if you include a number of short priced favourites into your bet, let’s say 3 bets at 1.50, we get odds of 3.37, meaning that a £10 bet bags us £23.75 profit.

It’s important to remember bookmakers already have a 7% profit margin built into their betting markets which is designed to favour the bookies, so you can’t take their odds for granted. Odds are also only implied probability which makes it easy for us to convert. If you search “converting decimal odds to percentage” on Google there’s a range of tables and calculators that pop right up and do the work for you.

Each selection is taken as a single bet as well as matched with the others to create fifteen bets composed of four singles, six doubles, four trebles and one fourfold. We can see our selections and the odds for each selection. Now we could just place single bets on each, by entering a stake into the Singles field but in this instance we want to create an Accumulator. At the bottom of the bet slip we can see our returns should our acca be successful. Once we have clarified this, the next thing you should learn more about is what accumulator bets are.

The chances of the bet winning statistically decrease with each selection added, however the odds grow larger. Each time a selection is added, all odds in the bet slip are multiplied to produce the odds for your bet. Some of the most common names that you will come across are explained below.