37 thoughts on “Understanding Betting Odds in 5 Minutes

  1. I really like what you're doing. We need to spread the word about exchanges. Only the problem is in my country specifically on forums it's hard to talk to people about exchanges since people are so focussed on traditional bookmakers. Almost nobody seems to be interested in exchanges. It's so frustrating because they get mad when they're restricted or have bad value. It's not as popular as in the UK. I always explain the benefits of exchanges compared to bookmakers.

  2. you lost me at the 4:00 mark. why would the true price change for the same overall bet? how'd you calculate the 14.29# profit, then change it to 3.75 with a 6.67# cash out offer? any clarification would be great. thanks!

  3. Caan what is your opinion on betting on football matches that AREN'T covered by any betting exchanges, only by a bookmaker? For example, sometimes I see matches that are offered by the Betfair sportsbook but NOT by their exchange. Should these matches be avoided?

  4. My dad was an old school penciled you know he recorded and worked out the odds but also had to adjust odds in relation to bets.
    What you to amaze me is when there was a rush of punters 20+ people all wanting to bet at the same time and he would accurately work it all out including recording the bets.

    Try it in real time I believe 9 out of 10 people would get it wrong . It really is an amazing skill. I can do it with adequate time but in practice there is no way. Hence I had a lot of respect for my dad!!!

  5. Am in Malawi.. betfair is not available for us, only the bookmakers the likes of bet 365 BETWAY premier bet and worldstar betting Malawi. I prefer betting the over 1.5 goals market during live games for consistent winning. I agree the cash out system is just wack man..

  6. This was great, thanks, I been tryin to find out about "bill benter horse racing algorithm" for a while now, and I think this has helped. Ever heard of – Siyaria Nonpareil Superiority – (just google it ) ? It is a smashing exclusive product for discovering how to bet on winning horses minus the hard work. Ive heard some super things about it and my neighbour got excellent success with it.

  7. Great insight mate. Helped me land a big role at a huge betting firm this video! I didn’t know anything about betting until seeing this.

  8. Good video Caan. I use a 2 horse race analogy instead of football win/draw/win. If 2 identical horses run a race, they have the same chance of winning, same as a coin toss, so each should be even money or 1/1 or 2.0 However the bookies will price them both at 5/6 or 10/11. In both cases you can't make a profit, you put 100 on each and get back either 183 or 191 regardless of who wins, the remaining 17 or 9 quid missing is the bookies profit margin on the race. The most recent 2 horse race in the UK had a 1/25 favourite at SP, do you think the other one was 25/1 for a 100% book?? B0llox it was, it was only 14/1, works out at 2.7% in the bookies favour. If I could make 2.7% on a coin toss every time regardless of result, I'd swap 8 fingers for coin flicking thumbs!

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