As a blogger for GoPlay711. As someone who spent years working at BettingSports. While betting on bowling is fun and lucrative, you need to first have a concrete comprehension of odds so that wise decisions can be made when placing your bets. In this post I will write about basics of understanding bowling odds, how to read it and some tips on using them...
What Are Bowling Odds?
Bowling odds indicate the bookie's impression of how likely a player is to win against any opponent in a game or series. Commonly the odds are listed in one of three ways: decimal, fractional or moneyline. For you to be able to decide on your bet and how much will payout in Golf, these formats are very important.
- Decimal Odds - These betting lines are those which you get in European countries and Australia, here the decimal probability give us the total payout that we will receive from a bet including our stake E.g. 3.00 odds mean that you receive $4 back for every dollar bet, which includes your initial stake.
- Fractional Odds Fractional odds are most common in the UK, and they represent the profit you will make compared to your stake. For example, with odds of 5/1 you would win $5 betting $1. If you bet $10, your total payout of this wager would be $60 ($50 profit and then your original $10 stake).
- Moneyline Odds - The moneyline odds tell you how much you would have to bet in order for a $100 return on your dollar, or likewise if it's positive, then your winnings from a 100-dollar bet. With positive odds (+) the number represent an amount you would win on a $100 bet, where as negative numbers (-) show how much you need to wager in order to win $100.
Interpreting Bowling Odds
Knowing how to read bowling odds is essential for intelligent betting. Bookmaker OddsA bookie will set odds on how likley a player is to win or lose. If the probability of winning a game is higher, the odds are lower and vice versa. The formula to convert the decimal odds into an implied probability can be shown as -
- It can be quantified by the implied probability:Implied Probability=1Decimal Odds×100Implied Probability=Decimal Odds1×100
- Slightly more detailed, if a bowler is 2.00 the implied probability of winning is as follows
- Implied Probability=12.00×100=50%Two of his name would be 2.001 and thus Implied probability = 2.001×100=50 %
- This is the odd where if it wins there will be an equal amount of loss as well, which means bookmaker believes that 50% chance for a bowler to win.
Finding Value Bets
A value bet is if you believe that the true probability of an outcome happening, is greater than what the odds are telling us. Look at the average odds displayed by bookmakers and compare to your own estimation of a bowler's likelihood. An example is if you think a bowler has 30% of winning a fixture - but the odds suggest it to be only at circa-20%, this might imply that there's 'value' in your bet. Consistently finding (and betting) value opportunities will increase your long-term profits.
Managing Your Bankroll
With betting, bankroll management is just as important a factor for success. Establish a betting budget and stick to it. The most obvious method is to simply avoid risking too much money on any single wager by keeping wagers a small percentage of the total bankroll thus limiting risk without having so low that it greatly limits your potential for growth. Under no circumstances should you chase losses and by disciplined within your approach to betting.
Conclusion
Learn all about bowling odds so you can make the perfect bet. Knowing what the various odds formats mean and how to convert between them can help you get an edge in your bowling betting, probably more so than most other niche sports. Just be certain to also manage your bankroll well and stay in-the-know when it comes to the player base of each site, as well as both new players entering online poker rooms for better bonuses and bigger prize pools. By implementing some sound strategies, you will have the opportunity to engage in bowling betting and enhance your potential for profit. Well, all the best and have a successful bet!
