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Sports betting for beginners – how to count

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Recently sports betting has become a favourite occupation for many online players. Apart from the real-time thrill, the players can also enjoy the hefty prizes when they win the game. So, it is all about fun and delight when you play it tactfully, even you can sign up for a free reward at Ice Casino no deposit cash bonus.

However, to play like a pro, one must know how to play the games with all the cunning tricks. To do so, one must have extensive knowledge about how these games operate. Other than that, you must have practiced using your strategies. Therefore, today we will discuss all betting for the beginners and how they can count the odds.

Betting Odds

When we specifically talk about online gambling, the two noteworthy concepts include odds and probability. On these two essential things, the whole gambling is based. So when we talk about odds, these refer to the expected payouts that the wagerer might win and the potential odds for an outcome. While the probability is the mere expectation that an expected result will occur.

Probability and odds are two concepts that co-exist, and they are taken for the same thing, but in reality, they are not. Probability means that there is a likelihood happening for a winning outcome.

We calculate the probability by dividing the number of expected results by the total outcomes. While the odds are calculated in the ratio between the number of wanted and unwanted results.

In betting, there are three ways to express the odds, namely:

  • Fractional
  • Decimal
  • Moneyline (American)

These odd lines mean the same thing, no matter which one you use. Moreover, it is easy to convert one betting format to the other.

In sports betting, odds are the significant determiners for a bettor to decide whether a particular bet is worth placing or not. With all the odds comes an implied probability compared with the real probability. It also helps to determine whether the wager possesses a positive value or not.

Let’s take an example:

We have a single flip coin to gamble for an outcome with a 50% probability because it has only two sides. So, let’s bet for the tails, and the calculations will be like this:

There is only one desired outcome for the coin, and we would like to land tails for it. So, according to the formula, divide the desired outcomes by the total outcomes that could be possible on the bet. To get the probability, multiply the outcome by a hundred to get the result. It will be like:

1/2 = 0.5 X 100 = 50%

Once we have calculated the probability of the bet next, we aim to look at the odds offered for it. Let’s say the odds for the tails are set at +260, while for the heads, it is -300. The following aim is to determine the implied probability for both offered lines and know which bet contains the highest value.

Now let’s take at the heads and solve the implied probability. We do so by converting the online value to the decimal odds.

(100/-300) + 1 = 1.33

Now convert this decimal value to the percentage as:

1/1.33 = 0.7518

0.7518 X 100 = 75.18%

It can clearly be seen that our calculated implied percentage is higher than the actual percentage. So, the bet on heads will be a terrible decision.

This means the implied odds are a much higher percentage than the actual 50% probability that we already calculated. A bet on heads here would be a terrible decision with a negative value.

Lets move to the calculations for the tails:

(260/100) + 1 = 3.6

1/3.6 = 0.2778

0.2778 X 100 = 27.78 %

In this case, the tail landing has a realistic probability compared to the offered odds, so it is a high-value bet.

Ways of Expressing the Odds

There are three main ways to express the betting odds, and these are discussed below:

Decimal

In Europe, decimal odds are widely used to configure the betting lines, and it is also the most straightforward system to tell the odds. So, in this system, the decimal value is the amount that is returned for each dollar staked. In this system, both the winnings and the stacked amounts are included in both the values.

For example, 4.5 is odd, with the stake being $10. Here are net return is $35 for the total wager amount. Here the calculations are distributed as $25 is the total profit from the bet where $10 is stacked.

Fractional

These bet types are more commonly used where there are big pools of participants or at the racetracks. Obviously, this format has odds in the fractions; for example, 3/1 is ‘three-to-one,’ meaning that for every $1 stake, you will earn $3.

The fractional odds are not as straightforward as the decimals. Let’s take 9/2 odds, and we bet $20 to calculate its return for a horse race. So it will be:

20 X (9/2) = 4.5

20 X (4.5) = $90

The fractional decimals calculate the winnings only, and to calculate the net amount for a winning, add the bet amount to the total. So, overall it is like this:

[Amount staked X (numerator/ denominator)] + Amount staked

Moneyline

It is also known as an American system for calculating the values, and it involves the three-digit values for the negatives and positives. These values show that the bets are favoured or underdogs. The positive value suggests that the game is underdog, and the value that comes after ‘+’ is the value that is won for every $100 bet.

On the other hand, the negative value shows the favoured values. It is -350, which means you will win $100 for every $350.

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David Lipsky shoots 65 to take 1st-round lead at Silverado in FedEx Cup Fall opener

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NAPA, Calif. (AP) — David Lipsky shot a 7-under 65 on Thursday at Silverado Country Club to take a one-stroke lead after the first round of the Procore Championship.

Winless in 104 events since joining the PGA Tour in 2022, Lipsky went out with the early groups and had eight birdies with one bogey to kick off the FedEx Cup Fall series at the picturesque course in the heart of Napa Valley wine country.

After missing the cut in his three previous tournaments, Lipsky flew from Las Vegas to Arizona to reunite with his college coach at Northwestern to get his focus back. He also spent time playing with some of the Northwestern players, which helped him relax.

“Just being around those guys and seeing how carefree they are, not knowing what’s coming for them yet, it’s sort of nice to see that,” Lipsky said. “I was almost energized by their youthfulness.”

Patton Kizzire and Mark Hubbard were a stroke back. Kizzire started on the back nine and made a late run with three consecutive birdies to move into a tie for first. A bogey on No. 8 dropped him back.

“There was a lot of good stuff out there today,” Kizzire said. “I stayed patient and just went through my routines and played well, one shot at a time. I’ve really bee working hard on my mental game and I think that allowed me to rinse and repeat and reset and keep playing.”

Mark Hubbard was at 67. He had nine birdies but fell off the pace with a bogey and triple bogey on back-to-back holes.

Kevin Dougherty also was in the group at 67. He had two eagles and ended his afternoon by holing out from 41 yards on the 383-yard, par-4 18th.

Defending champion Sahith Theegala had to scramble for much of his round of 69.

Wyndham Clark, who won the U.S. Open in 2023 and the AT&T at Pebble Beach in February, had a 70.

Max Homa shot 71. The two-time tournament champion and a captain’s pick for the President’s Cup in two weeks had two birdies and overcame a bogey on the par-4 first.

Stewart Cink, the 2020 winner, also opened with a 71. He won The Ally Challenge last month for his first PGA Tour Champions title.

Three players from the Presidents Cup International team had mix results. Min Woo Lee shot 68, Mackenzie Hughes of Dundas, Ont., 69 and Corey Conners of Listowel, Ont., 73. International team captain Mike Weir of Brights Grove, Ont., also had a 69.

Ben Silverman of Thornhill, Ont., had a 68, Nick Taylor of Abbotsford, B.C., and Roger Sloan of Merritt, B.C., shot 70 and Adam Svensson of Surrey, B.C., had a 71.

Lipsky was a little shaky off the tee for much of the afternoon but made up for it with steady iron play that left him in great shape on the greens. He had one-putts on 11 holes and was in position for a bigger day but left five putts short.

Lipsky’s only real problem came on the par-4 ninth when his approach sailed into a bunker just shy of the green. He bounced back nicely with five birdies on his back nine. After missing a 19-foot putt for birdie on No. 17, Lipsky ended his day with a 12-foot par putt.

That was a big change from last year when Lipsky tied for 30th at Silverado when he drove the ball well but had uneven success on the greens.

“Sometimes you have to realize golf can be fun, and I think I sort of forgot that along the way as I’m grinding it out,” Lipsky said. “You’ve got to put things in perspective, take a step back. Sort of did that and it seems like it’s working out.”

Laird stayed close after beginning his day with a bogey on the par-4 10th. The Scot got out of the sand nicely but pushed his par putt past the hole.

Homa continued to have issues off the tee and missed birdie putts on his final four holes.

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AP golf:

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Canada’s Marina Stakusic advances to quarterfinals at Guadalajara Open

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GUADALAJARA, Mexico – Canada’s Marina Stakusic is moving on to the quarterfinals of the Guadalajara Open.

The Mississauga, Ont., native defeated the tournament top seed, Jelena Ostapenko of Latvia, 6-3, 5-7, 7-6 (0) in the round of 16 on Thursday.

Stakusic faced a 0-4 deficit in the third and final set before marching back into the match.

The 19-year-old won five of the next six games to even it up before exchanging games to force a tiebreaker, where Stakusic took complete control to win the match.

Stakusic had five aces with 17 double faults in the three-hour, four-minute match.

However, she converted eight of her 18 break-point opportunities.

This report by The Canadian Press was first published Sept. 13, 2024.

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France investigating disappearances of 2 Congolese Paralympic athletes

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PARIS (AP) — French judicial authorities are investigating the disappearance of two Paralympic athletes from Congo who recently competed in the Paris Games, the prosecutor’s office in the Paris suburb of Bobigny confirmed on Thursday.

Prosecutors opened the investigation on Sept. 7, after members of the athletes’ delegation warned authorities of their disappearance two days before.

Le Parisien newspaper reported that shot putter Mireille Nganga and Emmanuel Grace Mouambako, a visually impaired sprinter who was accompanied by a guide, went missing on Sept. 5, along with a third person.

The athletes’ suitcases were also gone but their passports remained with the Congolese delegation, according to an official with knowledge of the investigation, who asked to remain anonymous as they were not allowed to speak publicly about the case.

The Paralympic Committee of the Democratic Republic of Congo did not respond to requests for information from The Associated Press.

Nganga — who recorded no mark in the seated javelin and shot put competitions — and Mouambako were Congo’s flag bearers at the opening ceremony of the Paralympic Games, organizers said.

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AP Paralympics:

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