What Are Oddsen and How Are They Calculated?


Posted December 4, 2012 by annruba

Since time immemorial the game of soccer has served as one of the best recreational activities for people around the world but are you aware that it can be used as a source of finances too?

 
Since time immemorial the game of soccer has served as one of the best recreational activities for people around the world but are you aware that it can be used as a source of finances too? Indeed there are people who accrue a regular monthly income by indulging in soccer betting and the beauty of it is that it can be done online as well. But in order to reach that level first it is imperative to understand the basics, meaning oddsen and the manner in which they are placed. Having grasped this concept and tried it out on a practical level, the bettor can try his hand at langoddsen.

Oddsen is the price which the bookmaker offers to the bettor and represents the amount that you can expect to win by placing a bet on any particular stake. These are inversely proportional to the performance of the team. This means that odds on a team which is on a winning streak will be lower and those on a team that is not expected to play well are higher. If you decide to place a bet on a team which no-one favors because you may have stumbled on some crucial information then the jargon would be langoddsen or long odds. But mostly bettors play it safe by placing odds on the likely winner.

Even though the game of soccer and the culture of soccer betting may follow universal rules, oddsen and langoddsen vary as per the country and region. For an avid bettor who also tries his hand at live betting every now and then, it is must to be cognizant of the various ways of calculating odds so that they can be correctly decoded. Because odds often reveal crucial facts pertaining to a game, they need to be interpreted as accurately as possible. When unraveled knowledgably, they present betting opportunities which can be capitalized on by the bettor and significant gains made.

In UK oddsen are expressed as a fraction and the profit figure is reached by multiplying the odds with the existing stake. Suppose you decide to place a bet on a match that is being played between Chelsea and Manchester United, the odds of each team would be expressed as a fraction namely 4/3 and 7/9 respectively. A European bookmaker would write the same information in form of a decimal and it would appear as say 1.75 and 4.5 respectively. Langoddsen follow the same pattern as the odds in terms of being written, only the calculation will be reversed and the figures higher.

American oddsen are written as numbers preceded by a positive or negative signs wherein the former shows the amount that can be won and the latter shows the margin by which the stake can be increased to earn a certain profit. Malaysian and Indonesian odds are also preceded by positive and negative figures but the Malaysian system is reverse when compared to the American and Indonesian system. A direct implication of this is that even the langoddsen would be expressed in the opposite way. Confusing though it is, this education is a must if success in betting is desired.

Ultimately a fact which comes apparent in case of soccer betting is that luck plays a negligent role in winning or losing bets and much of it is a result of interpreting the oddsen and devising a strategy based on them. By being meticulous in studying the details and exercising discipline in your approach, it is possible to win consistently and in a variety of circumstances. As long as your decisions are not influenced by greed, you can take the risk of opting for langoddsen and earn a fortune. It is equally important to keep track of things and maintain a level attitude towards wins and losses.

What are oddsen http://www.oddsen.info and is the method of calculation for them uniform all over the world? Different countries use different mathematical formulae to calculate odds and developing an understanding of these is a must so that the education can be used to place langoddsen http://www.oddsen.info once in a while as the opportunity presents itself.
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Issued By gail
Country United Kingdom
Categories Games
Last Updated December 4, 2012