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

Fernandez and Dabrowski headline Canadian lineup for Billie Jean King Cup Finals

Published

11 hours ago

September 16, 2024

Anne Joseph

TORONTO – Singles star Leylah Fernandez and doubles specialist Gabriela Dabrowski will anchor Canada’s five-player lineup when the team tries to defend its Billie Jean King Cup title in mid-November.

The 26th-ranked Fernandez, the 2021 U.S. Open finalist from Laval, Que., is the lone Canadian in the top 100 of the WTA Tour’s singles rankings.

Dabrowski, from Ottawa, is ranked fourth on the doubles list. The 2023 U.S. Open women’s doubles champion won mixed doubles bronze with Felix Auger-Aliassime at the recent Paris Olympics.

Marina Stakusic of Mississauga, Ont., returns after a breakout performance last year, capped by her singles win in Canada’s 2-0 victory over Italy in the final. Vancouver’s Rebecca Marino is also back and Bianca Andreescu, the 2019 U.S. Open champion from Mississauga, Ont., returns to the squad for the first time since 2022.

“Winning the Billie Jean King Cup in 2023 was a dream come true for us, and not only that, but I feel like we made a statement to the world about the strength of this nation when it comes to tennis,” Canada captain Heidi El Tabakh said Monday in a release. “Once again, we have a very strong team this year with Bianca joining Leylah, Gaby, Rebecca and Marina, making it an extremely powerful team that is more than capable of going all the way.

“At the end of the day, our goal is to make Canada proud, and we’ll do our best to bring the same level of effort and excitement that we had in last year’s finals.”

Fernandez, who beat Jasmine Paolini to clinch Canada’s first-ever title at the competition, is ranked No. 42 in doubles.

Canada, which received an automatic berth as defending champion, will play the winner of the first-round tie between Great Britain and Germany on Nov. 17 at Malaga’s Martin Carpena Arena.

Australia, Italy and wild-card entry Czechia also received first-round byes. The tournament, which continues through Nov. 20, also includes host Spain, Slovakia, the United States, Poland, Japan and Romania.

Stakusic is up 27 spots to No. 128 in the latest world singles rankings. Marino is at No. 134 and Andreescu, the 2019 U.S. Open champion, is ranked 167th.

Canada will look to become the first team since Czechia in 2016 to successfully defend its Billie Jean King Cup title.

Malaga will also host the Nov. 19-24 Davis Cup Final 8. The Canadian men qualified over the weekend with a 2-1 victory over Great Britain in Manchester.

This report by The Canadian Press was first published Sept. 16, 2024.

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Sports

Penguins re-sign Crosby to two-year extension that runs through 2026-27 season

Published

12 hours ago

September 16, 2024

Anne Joseph

PITTSBURGH – Sidney Crosby plans to remain a Pittsburgh Penguin for at least three more years.

The Penguins announced on Monday that they re-signed the 37-year-old from Cole Harbour, N.S., to a two-year contract extension that has an average annual value of US$8.7 million. The deal runs through the 2026-27 season.

Crosby was eligible to sign an extension on July 1 with him entering the final season of a 12-year, $104.4-million deal that carries an $8.7-million salary cap hit.

At the NHL/NHLPA player media tour in Las Vegas last Monday, he said things were positive and he was optimistic about a deal getting done.

The three-time Stanley Cup champion is coming off a 42-goal, 94-point campaign that saw him finish tied for 12th in the league scoring race.

Crosby has spent all 19 of his NHL seasons in Pittsburgh, amassing 592 goals and 1,004 assists in 1,272 career games.

This report by The Canadian Press was first published Sept. 16, 2024.

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Sports

Slovenia’s Tadej Pogacar wins Grand Prix Cycliste de Montreal

Published

23 hours ago

September 16, 2024

Anne Joseph

MONTREAL – Tadej Pogacar was so dominant on Sunday, Canada’s Michael Woods called it a race for second.

Pogacar, a three-time Tour de France champion from Slovenia, pedalled to a resounding victory at the Grand Prix Cycliste de Montreal.

The UAE Team Emirates leader crossed the finish line 24 seconds ahead of Spain’s Pello Bilbao of Bahrain — Victorious to win the demanding 209.1-kilometre race on a sunny, 28 C day in Montreal. France’s Julian Alaphilippe of Soudal Quick-Step was third.

“He’s the greatest rider of all time, he’s a formidable opponent,” said Woods, who finished 45 seconds behind the leader in eighth. “If you’re not at your very, very best, then you can forget racing with him, and today was kind of representative of that.

“He’s at such a different level that if you follow him, it can be lights out.”

Pogacar slowed down before the last turn to celebrate with the crowd, high-five fans on Avenue du Parc and cruise past the finish line with his arms in the air after more than five hours on the bike.

The 25-year-old joined Belgium’s Greg Van Avermaet as the only multi-time winners in Montreal after claiming the race in 2022. He also redeemed a seventh-place finish at the Quebec City Grand Prix on Friday.

“I was disappointed, because I had such good legs that I didn’t do better than seventh,” Pogacar said. “To bounce back after seventh to victory here, it’s just an incredible feeling.”

It’s Pogacar’s latest win in a dominant year that includes victories at the Tour de France and Giro d’Italia.

Ottawa’s Woods (Israel Premier-Tech) tied a career-best in front of the home crowd in Montreal, but hoped for more after claiming a stage at the Spanish Vuelta two weeks ago.

“I wanted a better result,” the 37-year-old rider said. “My goal was a podium, but at the same time I’m happy with the performance. In bike racing, you can’t always get the result you want and I felt like I raced really well, I animated the race, I felt like I was up there.”

Pogacar completed the 17 climbs up and down Mount Royal near downtown in five hours 28 minutes 15 seconds.

He made his move with 23.3 kilometres to go, leaving the peloton in his dust as he pedalled into the lead — one he never relinquished.

Bilbao, Alaphilippe, Alex Aranburu (Movistar Team) and Bart Lemmen (Visma–Lease) chased in a group behind him, with Bilbao ultimately separating himself from the pack. But he never came close to catching Pogacar, who built a 35-second lead with one lap left to go.

“It was still a really hard race today, but the team was on point,” Pogacar said. “We did really how we planned, and the race situation was good for us. We make it hard in the last final laps, and they set me up for a (takeover) two laps to go, and it was all perfect.”

Ottawa’s Derek Gee, who placed ninth in this year’s Tour de France, finished 48th in Montreal, and called it a “hard day” in the heat.

“I think everyone knows when you see Tadej on the start line that it’s just going to be full gas,” Gee said.

Israel Premier-Tech teammate Hugo Houle of Sainte-Perpétue, Que., was 51st.

Houle said he heard Pogacar inform his teammates on the radio that he was ready to attack with two laps left in the race.

“I said then, well, clearly it’s over for me,” Houle said. “You see, cycling isn’t that complicated.”

Australia’s Michael Matthews won the Quebec City GP for a record third time on Friday, but did not finish in Montreal. The two races are the only North American events on the UCI World Tour.

Michael Leonard of Oakville, Ont., and Gil Gelders and Dries De Bondt of Belgium broke away from the peloton during the second lap. Leonard led the majority of the race before losing pace with 45 kilometres to go.

Only 89 of 169 riders from 24 teams — including the Canadian national team — completed the gruelling race that features 4,573 metres in total altitude.

Next up, the riders will head to the world championships in Zurich, Switzerland from Sept. 21 to 29.

Pogacar will try to join Eddy Merckx (1974) and Stephen Roche (1987) as the only men to win three major titles in a season — known as the Triple Crown.

“Today gave me a lot of confidence, motivation,” Pogacar said. “I think we are ready for world championships.”

This report by The Canadian Press was first published Sept. 15, 2024.

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