Why Do You Need To Compare Sports Betting Odds Before Betting?
Have you ever thought about Why Do You Need To Compare Sports Betting Odds Before Betting? The concept of ” odds ” is at the heart of the principle of sports betting. Not only is it essential to fully understand how the odds work, but it is important to be able to compare them to find the best in the market. Read on to find out more, and to find out which bookmakers we think are popular!
Odds comparison is an essential tool for all betting enthusiasts. In a few checks, you can decide which operator offers the most interesting odds. The principle is not revolutionary, because you can quite compare the odds on your own, but it saves you a lot of time. Indeed, odd comparison involves bringing together data from several sites; on your side, you just need to select a sport and a meeting to view the odds offered on different types of bets. A real child’s play!
You may be wondering what is the point of such a tool, especially when the gaps between the dimensions are often tiny. The answer is simple: with the best odds, you get the best return on your investment. Imagine that Bwin offers odds of 1.50 on a victory for PSG, and that Bet365 offers odds of 1.60.
The difference is only 0.1, that’s true, which means that, by betting 10 euros, you will win 15 euros at Bwin, and 16 at Bet365, a difference of barely 1 euro. However, if you bet often, or if you bet large amounts, this difference quickly multiplies by 10 or 20, which is not negligible.
Obviously, to take advantage of an odd comparison, you have to be registered on several betting sites: if you intend to remain loyal to a single bookmaker, you will not need it. However, creating accounts with several operators is interested in more than one way: not only will you be able to benefit from the best odds on the market, but you will also be able to benefit from numerous bonuses and promotional offers.
Table of content:
- Why Do You Need To Compare Sports Betting Odds Before Betting?
- Best sports betting odds tricks and strategies
- A Practical example to explain how to compare odds, with or without betting tax
- Conclusion – Why you Need To Compare Sports Betting Odds
Best sports betting odds tricks and strategies
The “odds comparison sports betting tool” should always be included in your betting forecasts. However, this is not the only sports betting strategy. The time at which the bet is placed also plays an important role. This is especially true for live betting. Because the odds are not always stable. With some betting providers, it is worthwhile to submit the betting tips as early as possible, as they drop a little shortly before the start of the game. With other bookies, it is exactly the opposite. The odds rise again shortly before kick-off.
You have to adapt your betting behavior to the respective bookmaker in order to get the best sports betting odds. Furthermore, experience has shown that the change in odds depends on what you want to bet on. In the case of favorites, the odds are very low until shortly before the start of the game.
Here it is worth waiting until the end. With live bets, you should only place on the favorites when the game is already running and the favored team is behind. Because then the odds of the favorite go up. In general, betting early is not worth it.
A Practical example to explain how to compare odds, with or without betting tax
We’ll explain this specifically to you using an example: Let’s assume you want to bet on FC Bayern Munich and win and have three bookmakers to choose from. The betting odds are the same for all three bookmakers in this case and are 2.00. You place 10 euros each.
Bookmaker A – with tax deduction
- Quota 2.00 x 10 euros = gross profit of 20 euros. Tax deduction 5% results in a net profit of 19 euros.
Bookmaker B – without tax deduction - Quota 2.00 x 10 euros = gross profit of 20 euros. Net profit of 20 euros.
Bookmaker C – with tax deduction but odds of 2.10 - Quota 2.10 x 10 euros = gross profit of 21 euros. Tax deduction 5% results in a net profit of 19.95 euros.
You can see from this comparison that lower odds can be worthwhile if the bookmaker waives the tax and a bookmaker with tax does not exceed the net profit of the tax-free bookie with his rate.
Conclusion – Why you Need To Compare Sports Betting Odds
Finding the best sports betting odds is always worthwhile. Especially since the betting odds are decisive for the subsequent profit level. In general, the following applies: the larger the betting odds, the lower the respective probability of occurrence, but the higher the profit. The lower the betting odds, the higher the probability of occurrence. A comparison of odds helps to filter out the best odds for the respective sporting event.
Experience has proven that there are bookmakers here who generally offer a high level of odds and some that are only worthwhile for certain sports. In any case, no lasting profits can be made without high and stable betting odds. Even small differences add up in the long term. The betting tax should not be forgotten. The bonus also plays a role.
Now that you’ve learned Why Do You Need To Compare Sports Betting Odds Before Betting, see also: Sports Betting Recommendations – Prop Bet and Win Totals Strategies for Sports Bettors.
