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Betting Tutorial - Part 3 - Odds

Odds - What is Odds and How it calculate

Odds are numbers, which are used to calculate how much you can win at a given stake. In general the rule is the higher odds the lower probability of winning. Basically odds can be presented in three different formats. Depending on which markets the bookmaker targets, odds are presented by either the European, British or the American standard. Some bookmakers support more than one of these standards.

Please note, that when converting odds into the British standard, round-off errors may occur, since some odds don't have an exact translation into British-style fractions. Here, will show the nearest fractional odds. Below is an example of how odds are presented in different ways.

Example: Brazil vs. England (Soccer)
	Europe	UK
1: Brazil	1,40	2/5
x: Draw	3,75	11/4
2: England	5,00	4/1

Calculations with the various odds formats are done with a stake of $200 on Brazil to win.

It is important to distinguish between the payout to your betting account after a win, and your winnings, which is the payout minus your stake.

European Odds (decimals)
European odds multiplied by your stake equals the payout. The odds show how many units the bookmaker pays out per unit staked.

Example: Home win to Brazil over England, Euro odds 1.40
Payout:	Stake x Euro odds = $200 x 1.4	= $280
Winning:	Stake x Euro odds = $200 x 1.4	= $280

UK Odds (fractions)
US odds can be divided into positive odds and negative odds. Negative odds show how big a stake is needed for a winning of 100 units. Positive odds show how big your winnings are if you bet 100 units.

Example: Home win to Brazil over England, UK odds 2/5
Payout:	Stake x (UK odds+1) = $200x(2/5+1)	= $280
Winning:	Stake x UK odds = $200 x 2/5	= $280

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Latest League Tables Standing 2008/09

Pos	Team	GP	Pts	Pos	Team	GP	Pts	Pos	Team	GP	Pts	Pos	Team	GP	Pts
1.	LIVERPOOL	21	46	1.	HOFFENHEIM	17	35	1.	BARCELONA	18	47	1.	INTER MILAN	18	43
2.	CHELSEA	21	42	2.	BAYERN MUNICH	17	35	2.	REAL MADRID	18	35	2.	JUVENTUS	17	36
3.	MANCHESTER UNITED	19	41	3.	HERTHA BERLIN	17	33	3.	SEVILLA	18	35	3.	AC MILAN	18	34
4.	ASTONVILLA	21	41	4.	HAMBURG	17	33	4.	VALENCIA	18	34	4.	NAPOLI	18	33
5.	ARSENAL	21	38	5.	LEVERKUSEN	17	32	5.	ATL. MADRID	18	30	5.	GENOA	17	32

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What's New. All the latest news related to this website.

28 July 2008
During our test run on the latest formula applied to EURO2008 Competition, we score a 92% of winning out from 23 games during the EURO2008 competition. This formula will be used during our picks selection. Please stay tune.

21 July 2008
We are in the middle of preparing for the pre season which start in August 2008. Please stay with us with more reliable super picks.

31 May 2008
To all visitors, we have redesigned our web page entirely to make the interface is much more user friendly. As promised, we will be following the progress for EURO 2008 which will be held on 7-29 June 2008. Watch out for our picks whereby Super Picks will be availble 12 hours before kick off match or earlier. Hope you enjoy the newly designed webpage.
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Problem Gambling and Keep In Control

Whilst the majority of people do gamble within their means, for some gambling can become a problem. It may help you to keep control to remember the following:
* We does not encourage anyone to bet. Gambling is bad.
* Gambling should be entertaining and not seen as a way of making money.
* Avoid chasing losses
* Only gamble what you can afford to lose , do not start the habit to borrow the money
* Keep track of the time and amount you spend gambling
* Set yourself strict limits for the amount of time and money that you are going to spend before you start gambling
* Avoid gambling when you are under the influence of alcohol or any other substance.

Disclaimer : Please Read Carefully

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