How do the quotas work?

 

The world of online gambling can be very complex when it comes to getting started in sports betting for new bettors or for those who have just been looking for their luck through the many sports markets for a short time, so let's review one of the concepts that you must internalize from day one: the operation of the quotas.

 

Although it is always tempting to choose the highest figure, you must take into account certain details that can lead you to obtain more than considerable amounts of money, from understanding the different types of existing fees to the reasons that lead sports betting houses to vary the figures available in each installment.

 

We all have a gambler inside

 

The first concept that should be clear is that, broadly speaking, your objective is to predict the outcome that will take place in a competition or match, something that we commonly do with family and friends and that, transferred to the world of sports betting, can be very beneficial

 

There are many factors that can directly affect the outcome of an event, hence the bookmakers offer different odds, always taking into account the benefits that they will obtain from the bets and, of course, the calculation of possibilities.

 

Statistics have great influence in the world of sports betting, so that both bookmakers and bettors are obliged to attend to the progress of teams and players, injuries, penalties and other events that can have a direct influence on the game. Outcome.

 

The operation of quotas

 

If we go more fully into the matter, a quota indicates the amount that the sports betting house will pay, a figure that, depending on the type of bet we choose, will be calculated on bets for $ 1 or for $ 100, something that we will explain later.

 

As we have mentioned, the largest odds are usually the most striking because they involve a greater volume of profits for the bettor, but the higher the odds, the lower the percentage of success, so we must find a middle point so as not to lose money. over and over again betting on totally unlikely options.

 

In the opposite case, a low fee implies that we will obtain smaller profits, but also exponentially increases our options to sign a winning ticket, so that it is usual to find that balance between considerable profits and a high percentage of success.

 

We are going to review a practical example to better understand the operation of the quotas, and for this we will make use of the American quotas. A match between the Brazilian and Australian teams would have Canarinha as the clear favorite, hence their quota would be -500, while that established for the Aussies would be +1000.

 

In this case, a bet of $ 1 on Brazil would make us generate a profit of $ 0.20, which together with the amount invested in the initial bet would lead to a total payment of $1.20. As we can see, betting on the favorite would increase our chances of landing a winning ticket, but in cases where the difference between contenders is so high, the winnings would be minimal.

 

If Australia struck the bell and your bet had gone to the ocean, things would change a lot. If we repeat the bet of $ 1, in this case we would obtain a total payout of $ 11, divided into $ 1 of the initial bet and $ 10 of profit for the Australian victory.

 

After seeing this practical example it should be clear that betting on the favorite always implies a greater chance of getting a successful ticket, but the winnings will be smaller than if we bet on the underdog or underdog.

 

Learn to interpret the three types of odds

 

Although all online bookmakers offer the possibility of showing the type of odds that best suits our preferences, it does not hurt to understand how all of them work.

 

We start with the American quotas

 

As the name suggests, these types of fees are the most used on American soil, and the way they are read involves making a calculation base of 100 units ($ 100). As a general rule, the favorite option is accompanied by a minus sign (-), and indicates the amount we should bet to get a profit of $ 100.

 

The underdog or non-favorite option is accompanied by the plus sign (+), and in this case it indicates the profits that we would obtain by betting $ 100.

 

If we consider the example shown above, we would have to bet $ 500 to get $ 100 of profit on the victory of Brazil, while a bet of $ 100 for Australia would report $ 500 of profit. In both cases we obtain a total payment of $ 600, but the difference is that we would have to invest $ 500 for the victory of Brazil and $ 100 for that of Australia.

 

Decimal odds, the most chosen in Europe

 

We traveled to the old continent to check the decimal odds. In this case, the odds are shown with whole numbers or decimals, and unlike the American odds, they are based on bets of $1.

 

If we pass the example of Brazil vs Australia to decimal odds, Canarinha would have a odds for their victory of 1.20, while the one set for Australia would be 11.00.

 

We are going to make an example of a bet with an investment of $ 20. Betting that figure on Brazil would yield a profit of $ 4, which would make a total payment of $ 24, while investing that figure on Australia would be much more profitable, since the total payment would amount to $ 220.

 

Once again, we remember that the higher the odds, the lower the chances of landing a winning ticket, so you should not be blinded by the fact that you can win big on an unlikely bet.

 

Fractional odds, the origin of bets

 

The world of gambling began to stand out in the UK, where fractional odds are still used almost exclusively.

 

Back to the example of Brazil against Australia, the South Americans would have a 1/5 odds for their victory, while the one assigned to the Oceanians would be 10/1. As you can see, we have two figures (numerator and denominator) separated by a bar. The first one shows the profits that we could obtain, while the denominator, located on the right, offers the figure that we should invest. That said, to get $ 1 on Brazil's win we would have to make a $ 5 bet, while a $ 1 bet on Australia would make us profit of $ 10.

 

No descuides los cambios en las cuotas

 

The task of betting requires patience, but taking excessive time to formulate each bet can have negative consequences. Online bookmakers tend to modify the odds as bettors focus on them, so it is common to see variations in the proposed figures for each event as it nears its start.

 

For this reason, you must take great care of the statistical aspect and know the situation of each contestant by heart, but it should not take too long, since a long wait can cause your bet to be made for a lower odds than what you had initially seen.

 

 

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