Online Betting: A Beginners Guide To Calculating Odds

Online betting can be incredibly exciting, and this is precisely why millions of people around the world take to their favourite online betting establishment whenever there is a huge sports game taking place. Although, for the overwhelming majority, there is no rhyme or reason to who they bet on.

Intuition is usually the only factor that plays into someone’s betting decision, and more often than not, this just doesn’t work. However, there are a few ways that you can calculate the odds of a team winning with some degree of accuracy, and this is exactly what we are going to be discussing in this article. Let’s get right into it and take a look at a beginner’s guide to calculating odds.

History Always Repeats Itself

You’ve heard it time and time again; the past always repeats itself. Well, this extends to more than just major historical events. It has been proven in several incidences that past performance can indicate future success, and taking a look at the past can often give us a pretty good idea of what we may expect to see in the future.

Of course, this method has its flaws. Things are subject to change and players always have the ability to improve, and you cannot base the future performance of a team/individual solely on their past. This is especially the case when it comes to sports that have a fast turnover rate – in situations akin to this, the past can offer little to no help.

However, in the vast majority of cases, past performance should always be something you factor into the equation when trying to calculate odds, and in addition to a betting odds calculator, the past can actually allow you to predict odds with a relatively higher degree of accuracy than if you don’t take past results and performances in to account.

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What Variables Play Into a Team’s Success?

Knowing the characteristics of a great team is absolutely essential when it comes to calculating odds. There are a ton of variables that can have an impact on the overall success of a team, and to try and list them all would be near impossible.

However, to list a few of the most notable, there is win percentage, consistency, player compatibility, determination (the ability to persevere and keep trying even when losing), and individual player skill.

All of these factors make up a sizable part of what it means to be a good team, and if you are able to accurately pick out all of these qualities in individual teams and compare them to one another, you are going to be able to predict the odds of any upcoming games with relative ease.

This is what differentiates the pros from the amateurs, and it is going to make the biggest difference in your overall consistency.

If you follow all of the pointers we have given you in this article, you will be able to predict the victor of any upcoming games with unmatched accuracy, and you may even come under accusation for being a foreteller by close friends and family.

However, it is important to note that there is only so much you can do when it comes to calculating odds. There is always a random element to sports games that you just cannot factor into the equation, and you are never going to be right every single time. Just have fun, and always keep in mind that even the worst of teams/players can come out of left field and take the victory. Catch you in the next one.

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