+ 1 / Kn - 1) X 100, where n is the number of choices in one market, and K1, K2,…, Kn are the coefficients for each choice.įor example, in a hockey match Russia - Canada, the bookmaker set the following odds on the result of regular time:
The bookmaker may incur losses based on the results of one match, but due to the margin, the bookmakers are in the black over the distance. The coefficient is the probability of an event taking into account the bookmaker's margin. The coefficient is needed for calculating sports bets.Ĭalculate the possible payout of the bet using the formula:įor example, in a football match between Liverpool and Manchester United, the home win coefficient is 1.90, and the stake is 1,000 rubles. If Liverpool succeeds, the payout will be 1900 rubles: 1000 X 1.90. The margin is the commission that the bookmaker puts into the odds.
Outrun the editor-in-chief! Bookmaker margin and odds This article was published thanks to the ' ' Betting Spreadsheet - Analysis, study sports betting, take tests, earn experience and beat the leaderboard. Betting mathematics increases your chances of success, but does not guarantee a profit. In this article, we'll take a look at margins, odds, and mathematical sports betting strategies. And also we will answer the main question: how to beat the bookmaker.
