The Hunger Games’ odds might seem cruel, brutal and impossibly unfortunate, but life’s and sports’ can be the other way around. You just need to know what sports betting odds are and how you can turn them on your favour!
The odds may come in variety of names, might be unique for every game. Generally, sports betting odds are the numbers at stake that online betting companies develop. People behind this are called oddmakers. With a sophisticated computer program, numerous statistical calculations are made that involve the teams of the game. It gives a projected final score of the event; the oddmakers then take the information into consideration, combined with the public’s overall perception of the event to come up with the sports betting odds for that particular game.
How does the computer program make its calculations? What statistics does it use? Are there factors that can affect the odds? These are the things you must know to turn them into your advantage!
Yes, calculations depend on certain factors to change. First, it looks into the players and team’s data. For a baseball game, it looks at more than a hundred teams and checks player statistics. Then, it comes up with the teams’ rank.
Weather, the time and the geographical location of the game are another key players. A fair weather, a perfectly scheduled kick- off time and an ideal playing field could boost both teams chance of winning and could wager sports betting odds.
Aside from the statistics, public opinion is a major factor in establishing the sports betting odds. Generally, betting enthusiasts would likely wager for the favourite team, or the better one which is deemed with a higher chance of winning. For example, if the public goes for the XXX team less than YYY in a baseball game, betting odds will increase. Instead of having 150/100 for the NY Yankees, it shall be raised to £160/100. This means, you need to bet £160 and if you win, you’ll get your money plus £100 more. But when you lose, you’ll have none. This is where and how an online betting company earns money.
Well- known gamblers can also change the force oddmakers make. When they make a bet, a lot of people would follow them and set accurate odd lines. Thus, they, too, are often referred and even hired as oddmakers.
Sports betting odds are variable. Relevant factors create their waves of change. But now that you know them, you’ll surely find the trick to make the odds forever in your favour!