Your guide to soccer betting…

Odds mathematics



Odds mathematics

This page should cover the most common formula needed for punters. Punters don't need to memorize these formulas , but it's good to have an understanding of how these things work. The more you know, the better your chances.


Odds calculation:

    1 
------
X
where x is probability in decimals


Value determination


Odds x Probability (%) 
------------------------ > 1.0
100
where Probablility is your subjective opinion of this match.



Stake determination:

Total stakes x system odds
---------------------------
Odds


Permutations:

       A ! 
--------------
B! x (A-B)!

(example: 5! =5x4x3x2x1)

System odds:

                        

           1
----------------------------
1 1 1
------ + ------ + ------
H-odds D-odds A-odds


Kellys formula:


S = P - (1- P) 
-----------
     odds - 1

P = decimal probability for win
S = stake to bet on this match


Permutations explained:
How many triples are there in a selection of 5 matches ? How many quadruples within a selection of 10 matches ?

In order to calculate this, use the permutation formula in the table above. A! means that you have to multiply A with all the numbers less than A until your reach 1. If A= 5, this would mean: 5x4x3x2x1 =120


System odds explained:
If you are considering a match but can't decide wether to bet on a home win or a draw, then you can bet on both results by using the System odds forumla in the table above.
If we say that the home odds is 2.0 and the draw odds is 3.2, the calulation gives the result 1.23.The system odds is 1.23. If you divide the system odds with the home odds, you will find the stake to place on the home win. Do the same with the draw-odds to find the stake for the bet on the draw. 1.23/2.0 gives 0.615. This means that you should place 61.5% of your total bet on this match on the home win. The rest (38.5%) should be placed on the draw. By betting this way, you are ensured 23% payoff as long as the match either ends with a home win or a draw.


Comments or questions ? Send mail to Bettingadvice: bettingadvice@bettingadvice.com






Active leagues

18+ content

This site is an 18+ site due to gambling/betting content. If you have a problem with gambling issues, or need information on the subject, please visit links below:

Gamblers Anonymous
Gambling Help Online
Responsible Gaming
Ludomani
Gambling Therapy
GambleAware
JugarBIEN
BeGambleAware

Must-have bookie

 Pinnacle Sports
-Great bookie, offer superb odds (low margins), very high limits, does not slash winning customers. Probably the most reliable sportsbook on the net. Well known among sports punters for their ability and will to offer a fair product. Pinnacle will not hide. If you are good, you win. OK,  I'll give Pinnacle Sports a try!

Recommended bookies

BET365
All-time favourite bookie of Bettingadvice.com due to their great betting offers in many sports, very good live betting and in-game cashouts, and general ease-of-use. Take me to Bet365!

PINNACLE SPORTS
Great bookie, offer superb odds (low margins), very high limits, does not slash winning customers. Probably the most reliable sportsbook on the net. Well known among sports punters for their ability and will to offer a fair product. Pinnacle will not hide. If you are good, you win. OK,  I'll give Pinnacle Sports a try!

Latest Forum Posts

POD 17/01/2021

17-01-21 04:22 by pranav

POD 16/01/2021

16-01-21 21:53 by aaaz

France 1 15-18 Jan

16-01-21 21:18 by WKSkofu

POD January 2021 standings

16-01-21 20:34 by Macot

Premier League England, 17th round,01-04 January 2021

16-01-21 20:20 by Cardynal

POD December 2020 standings

16-01-21 12:15 by Macot

Football Data - Stats databases, developers...

16-01-21 11:51 by InfoscouTeam

Ecopayz - new payment option

16-01-21 11:20 by grefstad

POD 15/01/2021

15-01-21 20:39 by Macot

Serie A, Italy, 16th round 15-18 January 2021

15-01-21 18:23 by Cardynal

Bundesliga Germany, 14th round, 02-03 January 2021

15-01-21 14:39 by Cardynal

Spanish Supercup 2021

14-01-21 21:17 by WKSkofu