Odds in betting parlance mean that an event has the likelihood of happening. It is the probability of an event happening. For example the probability of a coin landing on heads or tails is 50%. Odds are the way a punter earns his profits.Bookmakers usually use any of the 3 major odds formats for the purpose of betting. These 3 forms are fractional, decimal and money line odd systems. The preference of using a particular odds system is based on the country of operation and the bookmaker’s personal choice. The reason is not variation in profits but ease in calculation for the bookmaker.The 3 types of odd intervention systems are:1. The fractional odds system – This system expresses odds in the form of fractions like 1/4, 1/10 and so on. They show the payment you will earn which is relative to the amount you have wagered. For example, of you bet $20 on Team A winning a game at an odds of 1/4, it means you will get 1/4×20= 5. Your earnings from this will amount to$ 25. You earn the amount wagered and the payout.2. The decimal odds system – The odds are reflected in the decimal format in this system. The decimal odds of an event happening is the decimal value of the fraction odd with one added to it. Therefore the fractional value of 5/1 is 6 and that of 1/5 is 1.20. As the decimal odds system is very easy to understand and work with it is also preferred by many betting exchanges for conducting their betting activities. An example of this odds system is Team B winning at odds of 2 on a $10 bet. The payout here will be 2×10 = $20. This system has the payout factored into the decimals.3. The money line odds system – Also known as American odds these have their figure quotes as either positive or negative without any point spread consideration. For example a fractional odd of 5/1 is quoted as +500 and that of 1/5 as – 500. Even odds are quoted as 100 with the “- “sign not being displayed at times. The positive figure states the profit you will make and the negative the amount you will have to wager to make an amount on the bet.It is important for you to be well versed in all the betting systems as different bookmakers may use any of these systems. Knowing how to calculate using all the systems will not only increase your betting opportunities but also the chances of making profits.Odds are constantly changed by bookmakers depending on the progress of the event or at times to tip things in the favor of another team. Odds against implies getting more than twice the amount bet. Evens are winning an amount equal to your bet. Example is taking home $2 if you bet $1 and win $1.Odds on is when you win less than double the amount you have bet. Short odds are chances of a high event occurrence and long odds are the chances that an event will occur are low.An odds intervention method in live markets is a unique offering of some advanced betting exchanges and they give the bettor the opportunity to take better decisions while placing bets and a higher chance to win bets. For example if the odds and stakes grow to a certain percentage the betting exchange will intervene and fix them to an acceptable level. This information will be displayed on the exchanges homepage for everyone to see.The next time you place your bets, know all about betting odds and how you can use them to win.
Nowadays, things have changed a lot with the coming of the Internet. There are many online gambling sites present on the web today since 1996, where amateur gamblers can try their luck in online casinos. This is quite advantageous for all those people who feel intimidated to play in real casinos. Also, sometimes in real casinos veteran players and dealers get annoyed with these amateurs when they ask irrelevant questions. So, it is preferable for the novice players to go for these virtual casinos.Virtual casinos have easy access Now, in land casinos there is also the presence of roulette machines on which players have very slim chances of winning money. It is also quite easy to go to online casinos because it just requires making use of your computer. But, in a land casino it would require spending money and often going to another country. Online casinos save you from the hassles of spending money on travel expenses. You can also play games in these casinos whenever you desire rather than waiting for your holidays in the case of land casinos.But, there is a risk of not getting the winning amount in case of online casinos which can be quite devastating. On the other hand, you can easily collect your money in a land casino. No such fraud can occur in a land casino where you are physically present. More games and fun at an online casino It can also be more fun to be at a real casino because it might have live concerts, musical shows and tempting waitresses. Virtual casinos can accommodate almost 30 different types of games, rather than a land casino which does not have much space. You can also see on your computer whether your favorite game is hosted by the online casino, instead of visiting a land casino to check the availability of the desired game.Quick availability of cash in online casinos Online casinos also offer free bonuses to the customers in the range of 10 to 2400 dollars and they can easily spend the casino’s money. Unlike a real casino, online casinos deal in multiple currencies. This is quite beneficial for the players because they get chances to play with other players in their currencies. For example, a person who is residing in Italy can easily play with an American player by purchasing credit in US dollars. It is quite convenient because there are no annoyances of converting currency before placing a bet.Ease of dressing up in a virtual casino In an online casino, one certainly has the advantage of not worrying about the dress code. You can sit naked, wear pajamas or anything that you are comfortable in while playing in a virtual casino. In a land casino, you have to choose your attire consciously according to the social circle and the weather. Sometimes, the dress may even cost you a lot.Thus it can be concluded that online casinos certainly score over land casinos due to the freedom offered by them.
Almost every gambler, whether a veteran professional or a budding amateur, dreams of winning big in a casino. Who says dreams cannot come true? There are steps you can take that will show you how to win in the casino and create your own personal betting system.1. Casino Stacko – It has often been said that reality bites and the reality is casinos play to win and they usually do. The odds are stacked against any player so do not take it personally. There is no secret handshake or password that will get you a “bye”. So, it is best that from the very beginning, you know and accept that the house has the odds in their favor.2. Against All Odds – Speaking of odds, be aware of what the odds are before you place your bets in any game. Take for example the game of roulette. There are different bets you can make and there are different odds for these bets. Knowing which ones will work best for you will help you take a step closer to doing better in the casino. In roulette, even money bets will work more in your favor.3. Knowledge is Power – Before heading off to any casino, choose which game you intend to play and make the effort to know everything about it. Familiarize yourself with the rules of the game and, just like mentioned above, find out what your odds of winning are. Of course, gaining knowledge does not have to be limited to just reading a book or picking up a few pointers online. Get a feel for the game by playing for free online. This will give you the opportunity to try the game without having to risk actual money.4. No strategy is foolproof – Even the best, most effective strategies are incapable of making you win 100% of the time, so you need to learn as many strategies as you can, and to learn how to adapt to changing situations so that you can change your playing strategy and minimize your losses while maximizing your earnings.Playing casino games can often involve a certain amount of skill, a great deal of luck, and a heck of a lot of patience. It is also about having fun. After all, gambling is supposed to be a pastime, not an occupation. Enjoy your time and, regardless of what game you are playing, you will see you that you know how to win in the casino.