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Odds and Score Betting

Published on: 28/10/2013

Many have called odds the heart and soul of gambling. They give life and hope to the pastime, determining as they do the degree of win for participants. It almost seems ironic that the most likely outcomes of any game are given low odds, and those most unlikely to have success are given high odds. In a perfect world this arrangement might be inverted, allowing everyone to be a winner. Sadly such things cannot exist in our world!

The odds are arranged in such a way to protect the bookmakers of course. They would not be able to survive as a business if they were giving easy payouts to those most likely to win! A three legged blind horse might be given extremely high odds (assuming it was allowed to race of course!), since the bookmakers know that it is very unlikely to win. They are prepared to take a chance, maybe even offer such astronomical odds are a thousand to one, against the creature crossing the line first.

On the other hand the situation of a healthy horse in its prime, having had a recent string of wins, and paired with an extremely competent jocky, is sure to make the bookmakers a little cautious. They are not prepared to take the financial risk of offering high odds on this beast, for if they did so, and many customers bet on it, its winning could very well make them bankrupt!

In this way odds can be seen as a prediction. The bookmakers predict an unlikely outcome, so they offer high odds; when they deduce that an outcome is likely they will only be prepared to offer low odds. In the business of horse or greyhound racing the art of prediction is fairly well established. As mentioned earlier if the horse is in its prime, and is paired with a favourable jockey, certain logical deductions can be made. Other situations do not lend themselves so well to the analysis of the bookmakers. In football for example the finishing score is notoriously difficult to predict. It is for this reason that very high odds for particular scores are rarely offered. The bookmakers are simply not prepared to take such a risk.

A pastime of many gamblers is to wager on every ten weekly premiership games. Even for a seasoned football supporter it can be very difficult to even get more than two or three correct. The odds offered for this pursuit might be around seven to one, which are actually fairly good – all the player need do is to predict two out of the ten games correctly and they will likely attain a profit.

Yet another tactic to amongst football betters is to wager on which of the 10 weekly matches will result in a nil nil draw. The odds for this result are surprisingly high, between nine and fourteen to one, so a single correct prediction can easily cover all other losses. Compare this to betting on ten outright draws, where the odds are likely to be far lower, often as measly as five to two.

A risky but potentially far more lucrative method would be to bet on a particular score for all the ten matches. A 3 -1 final result will give odds at around 10/1 to 18/1 – fairly high. Once again a single correct prediction can negate all the other losses, and even give a reasonable profit.

With football as the world`s favourite game it is no wonder that there are numerous betting tactics and techniques associated with it. Combination bets on specific scores are very popular, for example a simple double can have good returns. Betting on Arsenal to beat Manchester United 1-0 and odds of 7/1, while simultaneously betting Chelsea to beat Luton 1-0 at 7/1 can transform a small wager of 50p into the grand sum of £32! Assuming both predictions come true of course!

Odds are there to protect the bookmakers, and they know their trade. They want nothing more than for you to lose, and they are studious in their tactics. Combination bets are a good way for you to increase your winning potential.

Published on: 28/10/2013 © Bet Bind