How betting odds work: what they are and how to use them
The key is to use as many bookmakers as possible and diversify your bets across all of them. Bookmakers know some players will hit an occasional big win, but they’re generally long-term losers overall. That’s because while WinnerOdds calculates its own odds, bookmakers often adjust theirs soon after spotting the opportunities we’ve taken advantage of. To optimize the betting process, WinnerOdds monitors and displays real-time odds from a range of bookmakers. You can use WinnerOdds in any country where bookmakers offer the sports we cover. For WinnerOdds Tennis, focus on bookmakers that include ITF pre-match tournaments, as ITF events make up about 70% of worldwide Tennis matches.
For a parlay to pay out, it cannot include a losing bet. Parlay bets come in various forms based on the bet types discussed above. Parlay bets combine at least two betting markets in one slip for longer odds and higher payouts. In our Yankees-Red Sox example, this would occur if the cumulative run total is exactly nine. As with the point spread example above, there is also the possibility of a “push” on totals (Over/Under) bets. Oddsmakers set point spreads to get wagers on both teams as evenly as possible.
The secret lies in estimating the real probabilities of a match better than the bookies and other bettors.
If you’re looking for a custom application to share with your community or wish to access our API/database to integrate into your own project, please contact our team directly. Your friend will also receive a direct discount! This provides a 10–20% monthly discount for each friend who signs up on your recommendation. Any automation that uses our data could alert them, leading to bans not only for the offending account but potentially for other WO users, simply by spotting matching accounts. The more bets you place, the sooner you’ll reach the long term, which minimizes the influence of variance (luck).
Once you understand betting odds and the differences between them, reading them becomes easy. Moneyline, or American, odds are favoured by US bookmakers and punters, and are often expressed as positive and negative values (e.g. +250, -400). Odds are the numbers used by online bookmakers to show how likely something is to happen. Our non gamstop sportsbooks system uses a modified Kelly Criterion to automatically determine the optimal stake based on both your bankroll and the bet’s value. Instead, we rely on advanced AI and machine learning algorithms that calculate real probabilities before any bookmakers publish theirs.
The higher the bankroll, the larger your profits can be. On average, a WO Tennis user rotates their bankroll 4 times per month. If you consult our all-time tennis history records, spanning multiple years of betting, since 2016, the average user shows a 5% yield overall. To help you picture this, the worst drawdown ever experienced by WinnerOdds users was in October 2019, with a -39% average drop.
The favorite is the one side, team, or outcome that has the higher probability of winning or happening. Two of the most common sports betting terms are favorite and underdog, which are often the two sides to a bet that you can wager on. Most sports betting options offer two sides, such as team vs. team or Yes vs. No.
Parlays allow bettors to combine different bet types or outcomes of multiple sporting events within a single stake. Many sportsbooks have started to allow bettors to construct parlays with events and outcomes found within the same game. Over/Under bets or totals are formulated from the projected total amount of points, runs or goals scored by both sides in a game. Moneylines are based on the implied probability of a result, such as one team beating another. However, some bets can have multiple options to wager on, such as picking which team will win the championship before the season begins.
