Before the start of a game, it is definitely essential to understand the main conditions we will play. This is a thought that is needed in the overall sense and in betting. Prior to placing a bet on the player, he needs to be familiar with the basics associated with this action, and one of the first levels is to have complete and secure information aboutbetting odds. Not having the necessary competencies forbetting odds, the participants will not be able to know what would be the possible results of a particular match and what its possible profits will be – all the prerequisites that make it more inventive and successful.

## Betting odds by fractional model – how to become probabilities

For the passing of the odd fractional bet in probability, the formula is this denominator / numerator * 100. If we take a 7/3 fractional bet, the chance will be:

3/7 =

3/10 =

0.33 * 100 = 33.33% assumed probability.

## Betting odds in their fractional model

Fractional betting odds are fairly prevalent in the UK and show the net value the bettor will receive when making a winning bet. Therefore, if a participant is willing to bet £ 50 for fractional stakes of 10 to 1 as a result of a win, he will have his specific financial profit of £ 500. This type of betting odds are likely to be met in the form of a renowned just like the chances of Hong Kong. It also points to the player's net worth, but the performance is decimal, rather than partial.

## Betting odds in a decimal model – what is the way to transform into probabilities?

By converting decimal betting odds into probabilities, the bettor needs to act on the following formula:

1 / odd decimal odds * 100. For example, at 1.46 bets, odd probability will be 1 / 1.46 or 68.49%.

## Betting odds – Decimal betting odds

Decimal betting odds are very common across Europe, Australia, New Zealand and Canada, but in general almost every bookmaker could put them as a choice of players. Decimal betting odds match the financial amount of the payouts of a similar stake won by the participant, plus the basic bet. In practice, they are equivalent to the decimal value of the specific betting odds plus 1.

## Betting odds – variants

There are three widely popular types of betting odds – American, Decimal and Partial. Each of these betting odds is many times sometimes referring to the North American odds are the most popular in the US, and the decimals are widely known throughout Europe. In this article, we have summarized detailed information on possible odds types.

## Betting odds in their American version

American betting odds are a little different from the decimal and betting odds because of the fact that they can be seen as negative or positive numbers. It is extremely important for every gambler to make clear that American betting odds work on another model in a situation where the player chooses a bet on the favorite team or the opposite. The explanation is simple – by making a bet on a favorite team, American betting odds set the amount that has to be invested to make it possible to win 100 pounds.

## Betting odds – How does Bettingmetrics give you a hand to find the right formula?

The software guarantees players the ability to have all their betting information in the program, as well as the exact ways to analyze their past performance in order to be transformed into progressive and consistent results. We at Bettingmetrics designed software that allows participants to know all betting odds. We also did a feature, synthesized showing the player's potential for success.

We realize that the time is now equivalent to money, and for this reason we are currently developing a betting odds comparison section on our online page, which has been requested many times by our users. By providing users with the ability to compare betting odds directly on our webpage, we save them a lot of time as we increase the levels of automation needed for action. This does not really mean that we just act with a betting odds compression section – we also have the ability to synchronize accounts automatically tracked and researched by our software product.

## Betting odds – Implicit probability

When we talk about betting odds, it is always necessary to keep in mind the upcoming probability – this is one of the major factors that a certain standard participant can create as a successful depositor. Implicit probability is the calculation of betting odds at a rate that indicates the prospects for a supposed end result. Read here in a synthesized way how to think odds in probabilities.

## Betting odds – Choose your bettingmetrics strategy!

In addition to the Betting Metrics Betting Method, you will be able to find the most suitable Betting Metrics, tracking betting tool, odds calculator, and more.

bet tracker

track my bet

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Betting odds by fractional model – how to become probabilities

Betting odds in their fractional model

Betting odds in a decimal model – what is the way to transform into probabilities?

Betting odds – Decimal betting odds

Betting odds – variants

Betting odds in their American version

Betting odds – How does Bettingmetrics give you a hand to find the right formula?

Betting odds – Implicit probability

Betting odds – Choose your bettingmetrics strategy!

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