Betting On High Odds Market, Delicate But Gainful Sports Betting Strategy
Have you ever thought about Betting On High Odds Market? The struggle always rises among bettors in regard to high odds and low odds pick? Contrary to what inexperienced bettors might think, high odds in betting don’t mean the punter has higher chances of winning the bet.
High odds actually mean that the punter doesn’t really have many chances of winning the bet. In this article, we would be discussing how one could earn huge returns from betting on high odds markets, but before we go into that, let’s discuss what high odds and low odds mean in sports betting.
Table of content:
- Betting On High Odds Market, Delicate But Gainful Sports Betting Strategy
- High odds and low odds in sports betting
- The high and low odds range value
- Strategy for high odds betting
- Conclusion – Betting On High Odds Market
High odds and low odds in sports betting
The high odds and low odds terms in sports betting can be confusing at times. Low odds got their name because profits you can get from this odds type are negligible when compared to your stake.
High odds which are sometimes referred to as “slim odds” on the other hand, got the name because profits derived from high odds are most times double your stake or even more. Low odds bets are safe bets, they’ve higher chances of winning. High odds bet, on the other hand, have low chances of winning but gives the punters a chance to rack in massive returns with small stakes.
People still tend to confuse low odds and high odds because they see “odds” as “probability” whereas, the probability is totally different from odds. Probability is simply the number of times an event is expected to take place during a series of trials. Probability’s range is 0-1.
Odds on the other hand are simply the probability that an event would take place divided by the probability that the same event as in the first instance wouldn’t happen. This can be better understood using an example;
If a horse participates in 100 races and at the end of the event, the horse wins 25 races and loses 75. The calculation of the probability of the horse winning is 25/100= 0.25 or 25%. The odds of the horse to win market calculation is 25/75= 0.333 or sometimes regarded as 1 win the three losses.
To say a bit is a low (odds) or a high (odds) one, such a bet has to fall in certain ranges.
The high and low odds range value
Every market that a bookmaker provides to its bettor has a specific odds value. Some markets have high odds while others have low odds. You can conveniently distinguish a low odds market from a high one with the odds ranges provided.
- 1st-The low odds range value
Before you can say a bit is a low odd one it has to fall in a range. Bookmakers have different odds ranges but there’s a standard (odds) range. For low odds, the range is 1.20- 1.40. Some bookmakers tend to extend the range to 1.60. This range of values yields very small returns but a higher chance of winning. - 2nd-The high odds range value
Following the previously discussed low odds range value, one could easily deduce that high odds bets are bets with odds greater than 1.60. They sometimes call High odds betting Underdog betting. High odds betting one can use the best to hedge bets.
We’ve gone through what high odds and low odds mean. Let’s now discuss the strategy that could be used for high odds betting;
Strategy for high odds betting
In selecting your games don’t restrict yourself to one league. Pick games from different leagues. Regardless of the market, make sure the odds of the games you pick don’t get lower than 2.5. Split these games in about 12 different slips. A stake of 2 Euros per bet is enough. So basically your total stake would be around 20 Euros. With 20 Euros, your return can’t be less than 40/50 Euros because the quota odds are very high.
Conclusion – Betting On High Odds Market
Just like all other betting options, the most important aspect of betting high on low odds and vice versa knows how to manage your capital. Knowing how to manage your capital and keeping records tells you when to cut your losses and quit betting for a while.
Besides Betting On High Odds Market, get to know How To Best Place Combination Bets With Favorites.
