In playing online soccer betting, the players need to pay a closer attention to the odds of every match. The problem is that the odds of the match are always changing. To get the best result of the bet, the players need to use the live odds checker. But, why is the use of live odds checker table in online soccer betting important?
The Use of Live Odds Checker Table in Online Soccer Betting
Knowing the Amount of Payout That the Players Will Get
The major use of live odds checker is to now the amount of payout that you will get when winning a game. The odds here are usually written with decimal or fraction depending on the soccer betting site you are playing in. The odds here are given differently to each team on a match based on the performance of the team itself.
When a team has the better performance than the other, the odds of that team will be higher. Take, for example, the odds for the home team in a match is 7:4. When you make a bet that this team will win, you will get the payout for 7:4 of your initial bet. On the other words, you will get $7 for every $4 you bet. If you make the bet for $12, then your profit will be $21 ($12 x 7/4).
However, the use of live odds checker table in online soccer betting to calculate the profit will be different based on the betting type you are in, such as a handicap bet. Since in the handicap bet the underdog team will be given a small favor before the match starts, the way to calculate the profit from the odds will be different. Take for example the odds for a handicap betting is +1.5 and you make a bet for $10. The profit that you will get from this betting is $1.5 plus your initial bet which is $10.
To Know the Probability of Winning
The second use of this live odds checker is to know the chance or the probability of the bet to win. To know the probability, it is true that you just need to look at the probability table. But, not all soccer betting sites have this probability table and they only have the odds table. In this Sportsqq828 Trusted Online Sportsbook and Malaysia Live Betting Site you can have the chance to get experience live odds betting. By seeing at the odds of the match, you will be able to know the probability as well.
The simplest way to do it is by converting the odds into the probability. To have a better grasp of it, let’s pay attention to this example. A match has 5:1 odds. To calculate the probability, you just need to change the equation into 1/ (5+1) and you will come up with 0.167. It is not the final probability since you need to multiply it by 100%, so the final number will be 16.7% and it is the probability of the team to win the match.
To determine the bet to make, the players need to maximize the use of live odds checker table in online soccer betting. Not only because the odds are always changing, but it will also affect the bet.