Odd

Odd – A numerical value that is determined by the bookmaker. It expresses the probability of the outcome of the match and is key to the calculation of you evaluation. Odds views are different (3 possible types of views, see below), but the principle of creation remains the same. The odd includes a commission for the bookmaker.

American odds (USA) – On the other side of european decimal odds, americal odds are displayed from the perspective of 100 dolars. This odd can be positive or negative. Odd – 150 (minus) means, that you have to invest 150 $, for reach 100 $ of net profit. In other way, odd (for example) +170 means, when you invest 100 $, you earn 170 $ of net profit. In conversion to the decimal (European odd) of the mentioned +170, corresponds to the odd of 2,7.

Decimal odds (EU) – The most used in Europe. Let’s take an example – when the investment odds of 1.90 and a deposit of $ 100 is your total winnings amount to $ 190 (1.90 x 100), the net profit will be $ 90 (190 -100).

British course (UK) – They are written using fractions (2/1). They works just like american and decimal odd.

Steam – Concept for course changes in response to changes in supply and demand in the market. These changes can be caused by a change in weather (wind at baseball), injuries to important players or the volume of investments.

Value – It is a concept when a course offered by the bookmaker does not reflect reality. In the investor’s opinion, the probability of success is higher. This value can be estimated by an experienced investor, but can also be caused by an error in the list of courses.

Ticket – It is a statement of events and a confirmation of a closed investment. In earlier times, it was a printout with a special barcode (or other) code.

Investment strategy – A systemic approach to placing bets designed to generate an edge for the bettor over the bookmaker.

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