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Category: Understanding Odds

Best US Sports Tipsters | American Handicapper Guide 2022
All Blog Posts / Betting Markets / Understanding Odds

European & US Equivalent Bet Types | Naming Conventions

When it comes to sports bet types and markets, some terms differ between Europe and the US. Here are some examples of bet types that are equivalent but with different …

Popular Football Betting Markets Explained — How They Work
All Blog Posts / Betting Markets / Bookmakers / Football / Understanding Odds

Popular Football Betting Markets Explained | Soccer Bet Types

Are you overwhelmed by the extensive range of football betting markets? Do you want to gain a better understanding of how each of these football markets operates? Look no further, …

Every Sports Betting Odds Format Explained With Examples
All Blog Posts / Understanding Odds

Every Sports Betting Odds Format Explained With Examples

Do you want to understand how each of the different sports betting odds formats work? In this article I provide the formulas to calculate the potential winnings using any format …

5 Essential Tools Every Sports Bettor Should Be Using
All Blog Posts / Understanding Odds

5 Essential Tools Every Sports Bettor Should Be Using

Sports betting can be overwhelming because of the vast array of odds, variables, and choices involved. With so many factors at play, it’s easy to feel overwhelmed. Fortunately, there are …

10 Biggest Sports Betting Myths | Top Lies & Misconceptions
All Blog Posts / Attitude & Mindset / Industry Overview / Understanding Odds

10 Biggest Sports Betting Myths | Top Lies & Misconceptions

There’s plenty of misconceptions about sports betting, so I decided to compile a list of my top 10 biggest sports betting myths. Some views on sports betting are understandable while …

Betting Bold: The Art of Wagering Against The Grain
All Blog Posts / Attitude & Mindset / Understanding Odds

Betting Bold: The Art of Wagering Against The Grain

In the world of sports betting, there’s no shortage of advice, strategies, and conventional wisdom. Most bettors look up to experts, study the odds, and place their wagers accordingly. But …

Sports Spread Betting Odds Explained | How To Calculate Profit
All Blog Posts / Betting Markets / Spread Betting

Sports Spread Betting Odds Explained | How To Calculate Profit

In sports spread betting, players bet on whether an outcome will end up being above or below a range called the ‘spread’. The profit or loss is determined by the …

What Is The Starting Price In Betting? — The SP Explained
All Blog Posts / Horse Racing / Sports Trading / Understanding Odds

What Is The Starting Price In Betting? What Does SP Mean?

The starting price (SP) is a term commonly used in horse racing and greyhound racing, referring to the odds offered on a particular runner at the start of the race. …

Fixed Odds Vs Tote Betting | The Pros & Cons Explained
All Blog Posts / Horse Racing / Understanding Odds

Fixed Odds Vs Tote Betting | The Pros & Cons Explained

In horse racing and other sports, there are two main ways to place bets: fixed odds and tote pool betting. Both offer different advantages and disadvantages, and understanding the difference …

What Is A Voided Bet? Why Are Bets Voided?
All Blog Posts / Bookmakers / Understanding Odds

What Is A Voided Bet? Why Are Bets Cancelled?

When a bet is voided, the stake is returned to the customer, and the bet is effectively cancelled. This means that the customer neither wins nor loses the bet, and …

What Are Drifters & Steamers In Sports Betting?
All Blog Posts / Horse Racing / Understanding Odds

What Are Drifters & Steamers In Sports Betting?

In sports betting, drifters and steamers are terms used to describe the movement of odds or betting lines for a particular event or game. In this article, we’ll take a …

How Do Bookmakers Earn? How Big Is Their Edge?
All Blog Posts / Bookmakers / Must-Reads / Understanding Odds

How Do Bookmakers Make Money? What Methods Do They Use?

Bookmakers operate by accepting bets on all possible outcomes of an event in order to generate profits, irrespective of which outcome prevails. However, for this to be successful they incorporate …

Wisdom Of Crowds Theory & The Betting Exchange
All Blog Posts / Betting Exchanges / Understanding Odds

How The Wisdom Of Crowds Theory Applies To Betting

The Wisdom of Crowds Theory suggests that the collective intelligence of a group is often superior to the intelligence of any individual member. Betting exchanges, such as Betfair and Matchbook, …

Best Odds Comparison Sites | Find The Top Prices In 2022
All Blog Posts / Bookmakers / Hall Of Fame / Understanding Odds

Best Odds Comparison Sites | Find The Top Prices In 2025

Are you looking for the best odds comparison site in order to maximise your sports betting performance? Here are the sites I recommend.   1. OddsChecker OddsChecker is the #1 …

Do Sportsbooks Speculate? Do They Always Know The 'Right' Price?
All Blog Posts / Bookmakers / Understanding Odds

Do Sportsbooks Speculate? Do They Know The ‘Right’ Price?

Something every experienced sports bettor will inevitably ponder is whether or not bookmakers manage to accurately price all of their odds. After all, there’s such an enormous spectrum of events …

Do You Need To Be A Sports Expert To Succeed At Betting?
All Blog Posts / Attitude & Mindset / Sports Trading / Understanding Odds

Do You Need To Be A Sports Expert To Succeed At Betting?

Here’s a question that’s likely to get very different answers depending on what type of bettor you ask it to: do you need to be a sports expert to succeed …

How Efficient Are Sports Betting Markets? Can I Beat Them?
All Blog Posts / Must-Reads / Sports Trading / Understanding Odds / Value Betting

How Efficient Are Sports Betting Markets? Can I Beat Them?

Sports betting, like any other market, becomes more efficient as more participants enter the fray. The greater the volume of money and opinions involved, the more accurate and reliable the …

Favourite-Longshot Bias | Why Longshots Are Overrated
All Blog Posts / Horse Racing / Understanding Odds

Favourite-Longshot Bias | Why Underdogs Are Overrated

The favourite-longshot bias refers to the tendency for longshots to be overrated, in terms of their chance of winning, compared to favourites. In other words, the odds for longshots are …

What Changing Odds Means For Your Betting Strategy
All Blog Posts / Understanding Odds / Value Betting

How Will Odds Movements Impact My Betting Strategy?

Sports betting odds can change drastically at any moment. Have you considered what implications that has for devising and executing your betting strategies?   Why Do Odds Move? Sports betting …

10 Things Every Sports Bettor Needs To Know About Odds
All Blog Posts / Must-Reads / Understanding Odds

10 Things Every Sports Bettor Needs To Know About Odds

If you’re new to the world of sports betting then the first thing you need to get your head around are the odds, also referred to as the “prices”. Betting …

Evaluating The Probability Of Events: A Basic Guide for Bettors
All Blog Posts / Understanding Odds

Evaluating The Probability Of Events: A Basic Guide for Bettors

Mastering the art of evaluating probabilities can significantly elevate your sports betting strategy. Bookmakers rely on a combination of historical data, real-time conditions, expert analysis, and market behavior to set …

Find Bookies With The Lowest Betting Margins
All Blog Posts / Understanding Odds

5 Ways To Reduce Sports Betting Margins For Increased Winnings

One crucial factor to consider when selecting sports betting sites is the betting margin, as this has a significant impact on your potential profitability. In this article, I will discuss …

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