How To Calculate True Odds In Soccer

• How To Calculate True Odds In Soccer Scores
• How Do You Calculate True Odds
• How To Calculate True Odds In Soccer Ball Game 2

The margin a bookmaker applies on the betting odds is the number one information a bettor should know in order to increase long-term profits, with lower margins favoring the bettor and larger margins eating into betting profits. Here’s a simple guide on how to calculate margins on 1X2 odds.

Betting Odds Calculator. This is the% that you will need to win a bet with the entered odds in order to break even. For example if the odds were +150 you would need to win that bet 40% of the time (4 out of every 10 bets) in order to break even. Any percentage higher than 40% and you will be profiting. This is a great tool for beginners that. The Football Odds Calculator is a free tool to estimate fair odds for soccer bets. Method of calculation: Mathematical football predictions are based on 1x2 odds. We analyse 1x2 closing odds from the past and can predict expected and fair odds for any real or virtual soccer game.

While novice bettors tend to compare odds, smart bettors know that the real price a bookmaker is charging is the betting odds’ margins - our Margin Calculator offers a simple way to calculate the margin applied to a bet.

Let’s take an example of a soccer game with three possible outcomes (home team to win, away team to win, draw). For the first week of the Premier League 2016/17 season, Pinnacle offered an opening price of 3.41 for Hull City to win at the KCOM Stadium against Leicester City, who were priced at 2.39, with the draw set at 3.19.

Calculating 1X2 odds’ margin in two simple steps

1.Convert the odds for all three possible outcomes into decimal probability

2. Solve for the equation:

Margin = (1/Home Odds) + (1/Away Odds) + (1/Draw Odds) – 1

Step One: The first step in calculating margins on 1X2 odds is to convert each 1X2 market into a decimal chance of winning. That’s the equation inside each set of brackets above: (1/Odds).

For the home team, in this case Hull City, the decimal probability is (1/3.41) = 0.293 (which symbolises a 29.3% chance of winning), while the draw is (1/3.19) = 0.313 and Leicester is (1/2.39) = 0.418.

How To Calculate True Odds In Soccer Scores

Step Two: Now simply substitute the numbers above into the rest of the formula to calculate the margin.

Margin = (0.293) + (0.418) + (0.313) – 1. Therefore the margin is 0.024 – or 2.4%.

Comparing bookmaker’s margin

The same game sees another popular bookmaker offer odds for Hull City at 3.10, Leicester at 2.10 and a draw 2.90. This works out to a huge margin of 12%, which is more than five times more expensive than Pinnacle.

In practical terms, this means that if you had placed a $100 bet on Hull City to win on the 1X2 market you would have won $31 more playing with Pinnacle than by placing the same bet with another major online bookmaker.

At Pinnacle, we don't just believe that it is important to offer the best odds; we are also on a mission to educate bettors on how to make more sophisticated decisions. But don't take our word for it. We encourage you to check our margins and compare us to other bookmakers, before deciding what is the best sports betting deal online.

Due to our unique risk management model, we are able to offer better value than other bookmakers. This is why Pinnacle is the number one choice for sharp bettors.

In this calculation you can calculate the probability of an event, based on the odds from a betting company. If, for example, a betting company has an odds of 2.10 for team A to win a soccer game you can, with this calculation, determine the probabality of this event to happen (according to the betting company)

How Do You Calculate True Odds

In order to calculate this one need to know (or calculate) a so called Payback Rate which is determined by the betting company. The Payback Rate is the return the betting company gives back to the players and is usually around 95% (0.95). This means that the betting company pays out 95% of all turnover (and keeps 5%). It is possible to calculate this Payback Rate in this calculation for Complete Odds-series.

How To Calculate True Odds In Soccer Ball Game 2

A complete odds series is one that accounts for ALL possible events in a game. For example, in a soccer game a complete series is 3 different odds (home team wins, draw or away team wins). Another example (with two events) is whether a hockey game will have more, or less, than 4.5 goals.

An example of an incomplete odds series is, for example, who will win the 100 m sprint where runner A is one option (out of many possible options) with an odds of 2.50. In that case the Payback Rate needs to be manually submitted or calculated from control odds from any other complete odds series from the same betting company (like the outcome of a hockey game).