There are some rules that you must know if you are serious in your sportsbetting. We list these simple rules here and make sure you know them by heart before you start betting.

Betting guide

1. Place your bet where the odds is highest. Only bet at the sportsbook with the best odds.

2. Make your bet early or late. Normally if you want to play a solid favorite place your bet early, but if you go for an underdog wait for better odds to appear. This is usually a rule of thumb.

3. Use the bonuses offered by some bookmakers. Yes, indeed some of the bonuses are very good and should definetly be used.

Betting Strategy

The odds or amounts the bookmaker will pay are determined by the total amount that has been bet on all of the possible events. They reflect the balance of wagers on either side of the event, and include the deduction of a bookmaker’s brokerage fee.

The odds or amounts the bookmaker will pay are determined by the total amount that has been bet on all of the possible events. They reflect the balance of wagers on either side of the event, and include the deduction of a bookmaker’s brokerage fee.

Decimal presentation
Taking an event with a 1 in 5 probability of occurring (i.e. a probability of 1/5, 0.2 or 20%), then the odds are 0.2 / (1 − 0.2) = 0.2 / 0.8 = 0.25. This figure (0.25) represents the monetary stake necessary for a person to gain one (monetary) unit on a successful wager when offered fair odds. This may be scaled up by any convenient factor to give whole number values. For example, if a stake of 0.25 wins 1 unit, then scaling by a factor of four means a stake of 1 wins 4 units.

Ratio presentation
Fixed odds gambling tends to represent the probability as fractional odds, and excludes the stake. For example 0.20 is represented as “4 to 1 against” (written as 4-1, 4:1, or 4/1), since there are five outcomes of which four are unsuccessful. Thus the stake returned must be added to the odds to compute the entire return of a successful bet. In craps the payout would be represented as “5 for 1”, and in moneyline odds as +400 representing the gain from a 100 stake.