Sports

Sports betting for beginners – how to count

Published

2 years ago

June 15, 2022

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.

Sports

Champions Trophy host Pakistan says it’s not been told India wants to play cricket games elsewhere

Published

1 day ago

November 8, 2024

Anne Joseph

LAHORE, Pakistan (AP) — A top official of the Pakistan Cricket Board declined Friday to confirm media reports that India has decided against playing any games in host Pakistan during next year’s Champions Trophy.

“My view is if there’s any problems, they (India) should tell us in writing,” PCB chairman Mohsin Naqvi told reporters in Lahore. “I’ll share that with the media as well as with the government as soon as I get such a letter.”

Indian media reported Friday that the Board of Control for Cricket in India (BCCI) has communicated its concerns to all the Champions Trophy stakeholders, including the PCB, over the Feb. 19-March 9 tournament and would not play in arch-rival Pakistan.

The Times of India said that “Dubai is a strong candidate to host the fixtures involving the Men in Blue” for the 50-over tournament.

Such a solution would see Pakistan having to travel to a neutral venue to play India in a group match, with another potential meeting later in the tournament if both teams advanced from their group. The final is scheduled for March 9 in Pakistan with the specific venue not yet decided.

“Our stance is clear,” Naqvi said. “They need to give us in writing any objections they may have. Until now, no discussion of the hybrid model has happened, nor are we prepared to accept one.”

Pakistan hosted last year’s Asia Cup but all India games were played in Sri Lanka under a hybrid model for the tournament. Only months later Pakistan did travel to India for the 50-over World Cup.

Political tensions have stopped bilateral cricket between the two nations since 2008 and they have competed in only multi-nation tournaments, including ICC World Cups.

“Cricket should be free of politics,” Naqvi said. “Any sport should not be entangled with politics. Our preparations for the Champions Trophy will continue unabated, and this will be a successful event.”

The PCB has already spent millions of dollars on the upgrade of stadiums in Karachi, Lahore and Rawalpindi which are due to host 15 Champions Trophy games. Naqvi hoped all the three stadiums will be ready over the next two months.

“Almost every country wants the Champions Trophy to be played here (in Pakistan),” Naqvi said. “I don’t think anyone should make this a political matter, and I don’t expect they will. I expect the tournament will be held at the home of the official hosts.”

Eight countries – Pakistan, India, Bangladesh, England, Australia, South Africa, New Zealand and Afghanistan – are due to compete in the tournament, the schedule of which is yet to be announced by the International Cricket Council.

“Normally the ICC announces the schedule of any major tournament 100 days before the event, and I hope they will announce it very soon,” Naqvi said.

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AP cricket:

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Sports

Dabrowski, Routlife into WTA doubles final with win over Melichar-Martinez, Perez

Published

1 day ago

November 8, 2024

Anne Joseph

RIYADH, Saudi Arabia – Ottawa‘s Gabriela Dabrowski and Erin Routliffe of New Zealand are through to the doubles final at the WTA Finals after a 7-6 (7), 6-1 victory over Nicole Melichar-Martinez of the United States and Australia’s Ellen Perez in semifinal action Friday.

Dabrowski and Routliffe won a hard-fought first set against serve when Routliffe’s quick reaction at the net to defend a Perez shot gave the duo set point, causing Perez to throw down her racket in frustration.

The second seeds then cruised through the second set, winning match point on serve when Melichar-Martinez couldn’t handle Routliffe’s shot.

The showdown was a rematch of last year’s semifinal, which Melichar-Martinez and Perez won in a super tiebreak.

Dabrowski and Routliffe will face the winner of a match between Katerina Siniakova and Taylor Townsend, and Hao-Ching Chan and Veronika Kudermetova in the final on Saturday.

Dabrowski is aiming to become the first Canadian to win a WTA Finals title.

This report by The Canadian Press was first published Nov. 8, 2024.

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Sports

Winger Tajon Buchanan back with Canada after recovering from broken leg

Published

1 day ago

November 8, 2024

Anne Joseph

Inter Milan winger Tajon Buchanan, recovered from a broken leg suffered in training at this summer’s Copa America, is back in Jesse Marsch’s Canada squad for the CONCACAF Nations League quarterfinal against Suriname.

The 25-year-old from Brampton, Ont., underwent surgery July 3 to repair a fractured tibia in Texas.

Canada, ranked 35th in the world, plays No. 136 Suriname on Nov. 15 in Paramaribo. The second leg of the aggregate series is four days later at Toronto’s BMO Field.

There is also a return for veteran winger Junior Hoilett, who last played for Canada in June in a 4-0 loss to the Netherlands in Marsch’s debut at the Canadian helm. The 34-year-old from Brampton, now with Scotland’s Hibernian, has 15 goals in 63 senior appearances for Canada.

Midfielder Ismael Kone, recovered from an ankle injury sustained on club duty with France’s Marseille, also returns. He missed Canada’s last three matches since the fourth-place Copa America loss to Uruguay in July.

But Canada will be without centre back Derek Cornelius, who exited Marseille’s win Sunday over Nantes on a stretcher after suffering an apparent rib injury.

The Canadian men will prepare for Suriname next week at a camp in Fort Lauderdale, Fla.

“We are looking forward to getting the group together again with the mindset that there is a trophy on the line,” Marsch said in a statement. “We want to end 2024 the right way with two excellent performances against a competitive Suriname squad and continue building on our tremendous growth this past summer.”

The quarterfinal winners advance to the Nations League Finals at SoFi Stadium in Inglewood, Calif., with the two semifinals scheduled for March 20 and the final and third-place playoff March 23, and qualify for the 2025 CONCACAF Gold Cup.

Thirteen of the 23 players on the Canadian roster are 25 or younger, with 19-year-old defender Jamie Knight-Lebel, currently playing for England’s Crewe Alexandra on loan from Bristol City, the youngest.

Bayern Munich star Alphonso Davies captains the side with Stephen Eustaquio, Jonathan Osorio, Richie Laryea, Alistair Johnston and Kamal Miller adding veteran support.

Jonathan David, Cyle Larin and Theo Bair are joined in attack by Minnesota United’s Tani Oluwaseyi.

Niko Sigur, a 21-year-old midfielder with Croatia’s Hadjuk Split, continues in the squad after making his debut in the September friendly against Mexico.

Suriname made it to the Nations League quarterfinals by finishing second to Costa Rica in Group A of the Nations League, ahead of No. 104 Guatemala, No. 161 Guyana and unranked Martinique and Guadeloupe.

“A good team,” Osorio said of Suriname. “These games are always tricky and they’re not easy at all … Suriname is a (former) Dutch colony and they’ll have Dutch players playing at high levels.”

“They won’t be someone we overlook at all,” added the Toronto FC captain, who has 81 Canada caps to his credit.

Located on the northeast coast of South America between Guyana and French Guiana, Suriname was granted independence in 1975 by the Netherlands.

Canada has faced Suriname twice before, both in World Cup qualifying play, winning 4-0 in suburban Chicago in June 2021 and 2-1 in Mexico City in October 1977.

The Canadian men, along with Mexico, the United States and Panama, received a bye into the final eight of the CONCACAF Nations League.

Canada, No. 2 in the CONCACAF rankings, drew Suriname as the best-placed runner-up from League A play.

Canada lost to Jamaica in last year’s Nations League quarterfinal, ousted on the away-goals rule after the series ended in a 4-4 draw. The Canadians lost 2-0 to the U.S. in the final of the 2022-23 tournament and finished fifth in 2019-20.

Canada defeated Panama 2-1 last time out, in an Oct. 15 friendly in Toronto.

Goalkeepers Maxime Crepeau and Jonathan Sirois, defenders Joel Waterman, Laryea and Miller and Osorio took part in a pre-camp this week in Toronto for North America-based players.

Canada Roster

Goalkeepers: Maxime Crepeau, Portland Timbers (MLS); Jonathan Sirois, CF Montreal (MLS); Dayne St. Clair, Minnesota United FC (MLS).

Defenders: Moise Bombito, OGC Nice (France); Alphonso Davies, Bayern Munich (Germany); Richie Laryea, Toronto FC (MLS); Alistair Johnston, Celtic (Scotland); Jamie Knight-Lebel. Crewe Alexandra, on loan from Bristol City (England); Kamal Miller, Portland Timbers (MLS); Joel Waterman, CF Montreal (MLS).

Midfielders: Ali Ahmed. Vancouver Whitecaps (MLS); Tajon Buchanan, Inter Milan (Italy); Mathieu Choiniere, Grasshopper Zurich (Switzerland); Stephen Eustaquio, FC Porto (Portugal); Junior Hoilett, Hibernian FC (Scotland); Ismael Kone, Olympique Marseille (France); Jonathan Osorio, Toronto FC (MLS); Jacob Shaffelburg, Nashville SC (MLS); Niko Sigur, Hadjuk Split (Croatia).

Forwards: Theo Bair, AJ Auxerre (France); Jonathan David, LOSC Lille (France); Cyle Larin, RCD Mallorca (Spain); Tani Oluwaseyi, Minnesota United (MLS).

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This report by The Canadian Press was first published Nov. 8, 2024.

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