How to Bet
Big Gains No Pains Guides - How to Bet
With so many different things to bet on, different calculations, figures and fractions/decimals - how can anyone be expected to understand this straight off? For the average sports fan to place a bet on a match, they have to read LOADS of literature just to get started. Well here's a quick and painless way to get you on your way to betting in a fraction of the time.
So, say you are watching the football today, have a good feeling about your team or one of the matches and you want to place a bet. Sounds easy, doesn't it? Well that could be your problem - betting has become so sophisticated it's no longer about who is going to win. You have loads of margins available to you and even more betting options. For example, just to run off a list...
1. What will the score of the match be?
2. Who will be winning by the end of the first half?
3. Who will win at the end of the second half?
4. Who will be the first person to score?
5. Will there be any red cards?
6. How many yellow cards will there be?
7. How many corners will there be?
8. Will player 'X' score?
9. What will the half-time score be
10. Will anyone score a hatrick?
11. What will the total number of goals be?
12. Should you bet before the game or during the game? (In-Play)
13. If you bet In-Play - Who will score the next goal?
With all those different options - it is sure to be daunting enough - but here comes the tricky part - what do you get for your money? For example - this game is the Premier League game between Manchester United and Liverpool - a massive match as it could affect who wins the Title - and you think that Manchester United will win 2-1 but Liverpool will score first. So you now look at your options - and decide to bet on a few scenarios - The final score, the first to score, the winning team at half time, the winning team at full time AND the total number of goals. Now every single scenario is going to have its' own odds (rate of return). So you look at the first option and next to the scenario it reads 7/5. This figure means that for every £5 you bet - you will get an extra £7 back - giving you a Total of £11. To break this down - imagine that these teams played 11 times over - the odds mean that Manchester United would win 5 of those matches. Now you have similar figures for all the other options - let's say, albeit unlikely, that everyone of those scenarios has the same odds on offer. This means that if you bet on every single one of those individual odds and they all came true - for £25 you could walk away with £55 - a nice £30 profit. However, this is just one of your options. If you believed that all these things were possible - why would you bet on them all separately? Why not take a chance and make them conditional. For example - why not bet on all those options coming true and go with your hunch? That means that if one of those things didn't happen - you would lose your entire bet - but if they did all happen - your odds would be strikingly better than 7/5. In fact if you accumulated the bets into this 'Multiple' option - then your odds would be around 78/1 meaning that for you to earn that £30 profit you would only need to stake around £0.39 OR if you bet your entire £25 bet on this option - your return wouldn't be £55 but rather somewhere in the region of £1,950. Although the chance of you getting these odds is unlikely - the basic principle is the same.
Every so often you will see odds in a different form - decimal form to be exact - but don't worry - should you prefer fractions there are plenty of calculators on the web and on most sites that will do all your converting for you. If not - the decimals act in the same method and are easy to decipher. Should you want to bet on a 7/5 - it would show as 2.40. This breaks down to 7 divided by 5 = 1.40 and then plus 1 as you betting factor. In other words Number 1 divided by Number 2 and then add 1.
Now there are hundreds of different things to bet on - including horses which are slightly more complicated but involve the same procedures. Now let's say it is the Grand National and you want to stake £10 on the Winning Horse. Let's go with the recent victor Mon Mome who's odds were 100/1 - meaning that for every £1 Bet on him - the punter would receive £101 in return. The difference in these events are that you can Bet on the 'Win' meaning that you are making a straight bet on the horse to win - or you can Bet on the 'Place' meaning that you will be paid if your horse wins or comes second - or you can Bet on the 'Show' meaning you will be paid if your horse wins or comes second or third. In these scenarios you will receive a payout but not as substantial as if you bet straight on the Horse. Confusing? I know. However this is all described on the betting websites and any bets that you make will follow the same Odds in Fraction or Decimal form. For example you may be given 100/1 on Mon Mome to win but 27/1 on the Show meaning that you have more of a chance to win, albeit for less money. On top of this you have various other bets as listed below...
Quinella - You bet on two horses - they must finish first and second but the order does not matter - good payouts.
Exacta - You bet on two horses - they must finish first and second in the order you chose - very good payouts.
Trifecta - You bet on the first, second AND third place conditionally - very hard to predict but payouts of over 1000/1 are not uncommon.
Superfecta - You bet on the first, second, third AND fourth place conditionally - exceptionally hard to predict and rarely taken up but a £1 bet could net you over £10,000 with the right results.
Pick 3 - Pick the First place Horse from three consecutive races - if any one of these is wrong you will lose your entire bet - but a correct assumption will win you a very large sum of money.
Pick 4 - Pick the First place Horse from four consecutive races - again if any of these are wrong you will lose your entire bet - but similar odds to the Superfecta are often found.
Remember though - you should always check a number of betting sites before placing any bets as you may get better odds depending on the bookie and on the time of day. Alternatively betting during certain fixtures might affect your odds if one side is winning and you then bet on the other team to win - this would imply that they came back from a losing scenario and your odds would therefore be that much better.
With so many different things to bet on, different calculations, figures and fractions/decimals - how can anyone be expected to understand this straight off? For the average sports fan to place a bet on a match, they have to read LOADS of literature just to get started. Well here's a quick and painless way to get you on your way to betting in a fraction of the time.
So, say you are watching the football today, have a good feeling about your team or one of the matches and you want to place a bet. Sounds easy, doesn't it? Well that could be your problem - betting has become so sophisticated it's no longer about who is going to win. You have loads of margins available to you and even more betting options. For example, just to run off a list...
1. What will the score of the match be?
2. Who will be winning by the end of the first half?
3. Who will win at the end of the second half?
4. Who will be the first person to score?
5. Will there be any red cards?
6. How many yellow cards will there be?
7. How many corners will there be?
8. Will player 'X' score?
9. What will the half-time score be
10. Will anyone score a hatrick?
11. What will the total number of goals be?
12. Should you bet before the game or during the game? (In-Play)
13. If you bet In-Play - Who will score the next goal?
With all those different options - it is sure to be daunting enough - but here comes the tricky part - what do you get for your money? For example - this game is the Premier League game between Manchester United and Liverpool - a massive match as it could affect who wins the Title - and you think that Manchester United will win 2-1 but Liverpool will score first. So you now look at your options - and decide to bet on a few scenarios - The final score, the first to score, the winning team at half time, the winning team at full time AND the total number of goals. Now every single scenario is going to have its' own odds (rate of return). So you look at the first option and next to the scenario it reads 7/5. This figure means that for every £5 you bet - you will get an extra £7 back - giving you a Total of £11. To break this down - imagine that these teams played 11 times over - the odds mean that Manchester United would win 5 of those matches. Now you have similar figures for all the other options - let's say, albeit unlikely, that everyone of those scenarios has the same odds on offer. This means that if you bet on every single one of those individual odds and they all came true - for £25 you could walk away with £55 - a nice £30 profit. However, this is just one of your options. If you believed that all these things were possible - why would you bet on them all separately? Why not take a chance and make them conditional. For example - why not bet on all those options coming true and go with your hunch? That means that if one of those things didn't happen - you would lose your entire bet - but if they did all happen - your odds would be strikingly better than 7/5. In fact if you accumulated the bets into this 'Multiple' option - then your odds would be around 78/1 meaning that for you to earn that £30 profit you would only need to stake around £0.39 OR if you bet your entire £25 bet on this option - your return wouldn't be £55 but rather somewhere in the region of £1,950. Although the chance of you getting these odds is unlikely - the basic principle is the same.
Every so often you will see odds in a different form - decimal form to be exact - but don't worry - should you prefer fractions there are plenty of calculators on the web and on most sites that will do all your converting for you. If not - the decimals act in the same method and are easy to decipher. Should you want to bet on a 7/5 - it would show as 2.40. This breaks down to 7 divided by 5 = 1.40 and then plus 1 as you betting factor. In other words Number 1 divided by Number 2 and then add 1.
Now there are hundreds of different things to bet on - including horses which are slightly more complicated but involve the same procedures. Now let's say it is the Grand National and you want to stake £10 on the Winning Horse. Let's go with the recent victor Mon Mome who's odds were 100/1 - meaning that for every £1 Bet on him - the punter would receive £101 in return. The difference in these events are that you can Bet on the 'Win' meaning that you are making a straight bet on the horse to win - or you can Bet on the 'Place' meaning that you will be paid if your horse wins or comes second - or you can Bet on the 'Show' meaning you will be paid if your horse wins or comes second or third. In these scenarios you will receive a payout but not as substantial as if you bet straight on the Horse. Confusing? I know. However this is all described on the betting websites and any bets that you make will follow the same Odds in Fraction or Decimal form. For example you may be given 100/1 on Mon Mome to win but 27/1 on the Show meaning that you have more of a chance to win, albeit for less money. On top of this you have various other bets as listed below...
Quinella - You bet on two horses - they must finish first and second but the order does not matter - good payouts.
Exacta - You bet on two horses - they must finish first and second in the order you chose - very good payouts.
Trifecta - You bet on the first, second AND third place conditionally - very hard to predict but payouts of over 1000/1 are not uncommon.
Superfecta - You bet on the first, second, third AND fourth place conditionally - exceptionally hard to predict and rarely taken up but a £1 bet could net you over £10,000 with the right results.
Pick 3 - Pick the First place Horse from three consecutive races - if any one of these is wrong you will lose your entire bet - but a correct assumption will win you a very large sum of money.
Pick 4 - Pick the First place Horse from four consecutive races - again if any of these are wrong you will lose your entire bet - but similar odds to the Superfecta are often found.
Remember though - you should always check a number of betting sites before placing any bets as you may get better odds depending on the bookie and on the time of day. Alternatively betting during certain fixtures might affect your odds if one side is winning and you then bet on the other team to win - this would imply that they came back from a losing scenario and your odds would therefore be that much better.
