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02 Apr 2021
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sports betting winning chances 1 year 2 months ago #54667

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п»їImprove your probability of winning with the perfect sports odds.
Watching your selected sport could turn all the more interesting when you place bets on each forthcoming game. The main element to winning most of your bets should be to play with sports books that offer higher odds as well as beat those odds. You can easily boost your odds of winning while using right sports odds at reputed sports betting sites.
Each sport such as basketball, baseball, golf, boxing, horse racing or football managed by way of the ncaa or nfl will have odds that are decided by sports books to present a good bet to all bettors involved. In addition, each bookie or sports book will also extract a little “juice” or “vig”, which essentially is a nominal commission from each bet. Odds usually balance a bet and hence you will have to set up a larger stake if your bet backs the favored team and you simply might win a very massive amount of money even if you put up a reduced stake for the underdog of that match.
Odds are displayed by means of betting lines that indicate much more than just a simple outcome of each game. You can lay fixed bets or allow it to become even more interesting by indulging in pari-mutuel betting where the odds remain variable. However, if you are new to betting then you will surely have to study a little on how to place such bets before you could start betting like a pro. Understanding betting lines and calculating the odds of winning or losing are necessary skills that should be developed whether you are gambling whilst sitting in Australia, USA, Europe or any other country on the earth.
Start out with free or paid picks that numerous online sports books and other related websites offer. However, you’ll want to examine the history of the internet site of your choice or you might only end up having picks chosen by someone with the sole expertise in tossing a coin. Again, since each bookie will display varying odds based on their own perceptions on the results of the match, you’ll need to play with many bookies at one single time. This will make it all the more crucial in understanding sports odds and quickly making up your mind.
Your love for sports can be transformed into a long-lasting paying proposition if you can successfully sustain your betting venture by winning most bets. By reading and understanding sports odds quickly, you can place your bets at various sites simultaneously and earn a lot of money in winnings or perhaps fight another day with ease even though you lose some of those bets.

What are the Tampa Bay Buccaneers' odds to win 2021 Super Bowl LV?
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Latest Tampa Bay Buccaneers 2021 Super Bowl LV odds.
Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Thursday at 8:10 a.m. ET.
Place your legal, online NFL bets in CO, IA, IN, NJ, PA, TN and WV at BetMGM , The King of Sportsbooks. New customer offer: Risk-free first bet! Terms and conditions apply. Bet online now !
Tampa Bay Buccaneers’ 2020 betting trends.
Money line (?)
Tampa Bay finished the season 11-5, going 5-3 at home and 6-2 on the road. They went 8-4 against NFC teams.
Against the spread (?)
The Bucs went 9-7 ATS in 2020. They covered the spread in four of their eight road games. They went 7-6 ATS when favored and 2-1 ATS as underdogs.
Over/Under (?)
The Bucs also had their games play to the Over in nine of 16 outings. They were 5-3 O/U on the road. When favored, eight of 13 games played to the Over. One of three games played to the Over as underdogs.
Bucs Wire:
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Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

What are the Buffalo Bills' odds to win 2021 Super Bowl LV?
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Latest Buffalo Bills 2021 Super Bowl LV odds.
Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Thursday at 10:40 a.m. ET.
Place your legal, online NFL bets in CO, IA, IN, NJ, PA, TN and WV at BetMGM , The King of Sportsbooks. New customer offer: Risk-free first bet! Terms and conditions apply. Bet online now !
Buffalo Bills’ 2020 betting trends.
Money line (?)
The Bills finished the regular season with an impressive 13-3 record, second-best in the AFC. They were 7-1 at home and 6-2 on the road. The Bills were 10-2 against the AFC and 3-1 in non-conference play, sweeping the division with a perfect 6-0 record against the New York Jets, Patriots and Miami Dolphins. They enter the postseason on a six-game winning streak.
Against the spread (?)
Against the spread, Buffalo was 11-5 this season. They were best at home, going 6-2 ATS at Bills Stadium, where they’ll host the Colts in the first round of the playoffs, and where they will play in the divisional round if they advance. The Bills are 4-5-1 ATS in their last 10 games against the Colts.
Over/Under (?)
In 16 Bills games this year, the Over was 10-5-1. At home, it was just 5-3, with a stellar 6-1-1 mark on the road. The Bills offense has been red hot of late, averaging 47.3 points per game in their last three contests. In the Bills’ last five games, the Over is 3-2.
Bills Wire:
Follow SportsbookWire on Twitter and like us on Facebook.
Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

The Math Behind Betting Odds & Gambling.
The math underlying odds and gambling can help determine whether a wager is worth pursuing. The first thing to understand is that there are three distinct types of odds: fractional, decimal, and American (moneyline). The various types are represent different formats to present probabilities, which are also used by bookmakers, and one type can be converted into another. Once the implied probability for an outcome is known, decisions can be made regarding whether or not to place a bet or wager.
Key Takeaways.
The three types of odds are fractional, decimal, and American. One type of odd can be converted into another and can also be expressed as an implied probability percentage. A key to assessing an interesting opportunity is to determine if the probability is higher than the implied probability reflected in the odds. The house always wins because the bookmaker's profit margin is also factored into the odds.
Converting Odds to Implied Probabilities.
Although odds require seemingly complicated calculations, the concept is easier to understand once you fully grasp the three types of odds and how to convert the numbers into implied probabilities.
There are tools available to make conversions between the three types of odds. Many online betting websites offer an option to display the odds in the preferred format. The table below can help convert odds with pen and paper, for those interested in doing the calculations by hand.
Converting odds to their implied probabilities is perhaps the most interesting part. The general rule for the conversion of (any type of) odds into an implied probability can be expressed as a formula:
As shown, the formula divides the stake (amount wagered) by the total payout to get the implied probability of an outcome. For example, a bookmaker has the (fractional) odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%. The higher the number, the greater the probability of the outcome.
Using an example of decimal odds, a candidate has 2.20 odds to win the next election. If so, the implied probability is 45.45%, or.
Lastly, using the American methodology, Australia's odds to win the 2015 ICC Cricket World Cup is -250. Therefore, the implied probability equals 71.43%:
It is not only important to back winners, but one must do so when the odds accurately reflect the chance of winning. It is relatively easy to predict that Man City will win against Crystal Palace, but would you be willing to risk $100 to make a profit of $61.50? The key is to consider a betting opportunity valuable when the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker.
Why Does the House Always Win?
The odds on display never reflect the true probability or chance of an event occurring (or not occurring). There is always a profit margin added by the bookmaker in these odds, which means that the payout to the successful punter is always less than what they should have received if the odds had reflected the true chances.
The bookmaker needs to estimate the true probability or chance of an outcome correctly in order to set the odds on display in such a way that it profits the bookmaker regardless of an event outcome. To support this statement, let’s look at the implied probabilities for each outcome of the 2015 ICC Cricket World Cup example.
Australia: -250 (implied probability = 71.43%)
The amount above 100%, the extra 4.76%, represents the bookmaker’s "over-round", which is the bookmaker’s potential profit if the bookie accepts the bets in the right proportion. If you bet on both the teams, you are actually risking $104.76 to get $100 back. From the bookie’s perspective, they are taking in $104.76 and expect to pay out $100 (including the stake), giving them an expected profit of 4.5% (4.76/104.76), no matter which team wins. The bookie has an edge built into the odds.
According to a study published in the Journal of Gambling Studies , the more hands a player wins, the less money they are likely to collect, especially with respect to novice players. That is because multiple wins are likely to yield small stakes, for which you need to play more, and the more you play, the more likely you will eventually bear the brunt of occasional and substantial losses. п»ї п»ї п»ї п»ї
Behavioral economics comes into play here. A player continues playing the lottery, either in hopes of a big gain that would eventually offset the losses or the winning streak compels the player to keep playing. In both cases, it is not rational or statistical reasoning but the emotional high of a win that motivates them to play further.
$12 Billion.
The amount of revenues generated by Las Vegas casinos in 2018.
Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor— are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.
Moreover, novices find it particularly difficult to do cognitive accounting and people often misjudge the variance of payouts when they have a streak of wins, ignoring the fact that frequent modest gains are eventually erased by losses, which are often less frequent and larger in size.
The Bottom Line.
A betting opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker. Furthermore, the odds on display never reflect the true probability of an event occurring (or not occurring). The payoff on a win is always less than what one should have received if the odds had reflected the true chances. This is because the bookmaker’s profit margin is included in the odds, which is why the house always wins.

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