Your guide to soccer betting…

Odds mathematics



Odds mathematics

This page should cover the most common formula needed for punters. Punters don't need to memorize these formulas , but it's good to have an understanding of how these things work. The more you know, the better your chances.


Odds calculation:

    1 
------
X
where x is probability in decimals


Value determination


Odds x Probability (%) 
------------------------ > 1.0
100
where Probablility is your subjective opinion of this match.



Stake determination:

Total stakes x system odds
---------------------------
Odds


Permutations:

       A ! 
--------------
B! x (A-B)!

(example: 5! =5x4x3x2x1)

System odds:

                        

           1
----------------------------
1 1 1
------ + ------ + ------
H-odds D-odds A-odds


Kellys formula:


S = P - (1- P) 
-----------
     odds - 1

P = decimal probability for win
S = stake to bet on this match


Permutations explained:
How many triples are there in a selection of 5 matches ? How many quadruples within a selection of 10 matches ?

In order to calculate this, use the permutation formula in the table above. A! means that you have to multiply A with all the numbers less than A until your reach 1. If A= 5, this would mean: 5x4x3x2x1 =120


System odds explained:
If you are considering a match but can't decide wether to bet on a home win or a draw, then you can bet on both results by using the System odds forumla in the table above.
If we say that the home odds is 2.0 and the draw odds is 3.2, the calulation gives the result 1.23.The system odds is 1.23. If you divide the system odds with the home odds, you will find the stake to place on the home win. Do the same with the draw-odds to find the stake for the bet on the draw. 1.23/2.0 gives 0.615. This means that you should place 61.5% of your total bet on this match on the home win. The rest (38.5%) should be placed on the draw. By betting this way, you are ensured 23% payoff as long as the match either ends with a home win or a draw.


Comments or questions ? Send mail to Bettingadvice: bettingadvice@bettingadvice.com




Active leagues

Latest Forum Posts

Bundesliga 28.04 -30.04

29-04-17 16:36 by Alex Lee

POD 29/04/2017

29-04-17 16:18 by Jiveboy

Mlb '17 April & May

29-04-17 15:53 by MuratCan

Greece Super League, Last Round 30/04/2017

29-04-17 15:48 by MarianoV6

Japan J-League

29-04-17 15:15 by jif

Tennis 29.4

29-04-17 15:01 by WinnerBet

Serbia, 29-30.4.

29-04-17 14:50 by ursulla

Friday NBA play - Celtics at Bulls

29-04-17 14:48 by brewers7

Norway Eliteserien

29-04-17 14:28 by transferking

Belgium Pro League 29/4/2017 - 30/4/2017

29-04-17 14:21 by clubfreakjona

My MLB Projected Lines, Analysis and Picks 2017

29-04-17 14:05 by Underdogchance

NBA 28.04.2017

29-04-17 13:17 by idanb

Must-have bookie

This HIGHLY recommended bookmaker has grown in popularity since its launch in 2001 due to it's ease of use and variety of markets. Infact, they have grown immensly, and is now among the biggest bookies in the business. Bet365 offers prices on most European and American leagues as well as a plethora of other sports. One of BA's most used bookies, alongside Pinnacle and Gamebookers, due to their superb number of events, and excellent allround capabilities. Bet365 features in-running betting for fixed odds and asian handicap on televised games. Everyone who opens a new account can also help themselves to a FREE £20 bet...Get your BET365 account and read more here

Special offer

 

888sport offer a 70 EUR FREEBET for new clients.

BETSAFE offer a 25 EUR bonus to new clients!!

BET365 offer a 100% signup bonus for new clients!!

GAMEBOOKERS offer
Up to 50 EUR bonus!!

BETFAIR offer a 10 EUR FREE BET for new clients

 

NEW bettingadvice.com

Welcome to the new Bettingadvice. You have read this article about the changes we have made.
We hope you like the new Bettingadvice and please post your comments on our forum