Sports betting is one of the favorite activities among people of all ages. This type of entertainment is becoming more available to everyone. People can now follow the games, results, and bet from the comfort of their room.
When you have the opportunity to have fun and potentially earn money, why would you refuse the opportunity like that? On the other hand, if you are a complete newbie in the sports betting industry, then you primarily need to improve your knowledge.
Of course, becoming an experienced bettor is not as easy as it seems. It takes time to develop your own betting strategy, predict certain things, etc. However, the first thing you should understand is how the odds in different sports betting sites function.
So, What Are Odds?
Gambling sites need to use some kind of parameter to express the probability of a particular outcome. If you are a complete beginner, then you should know there are two types of odds. The first type is – real odds. These odds express the probability that something will eventually happen.
Speaking of bookmaker odds, they are a bit different than that. They also show the probability of match outcome, but they also confirm how much money you can earn if you guess/predict an outcome.
Odds come in a different form from one place to another (this depends on the location). For instance, let’s say the bookmaker odd is 1.5. If you invest $100, this means that you can earn 150 dollars if you predict an outcome. More precisely, it means that you can make a profit of $50.
Yet, things become even more confusing when you start exploring different betting sites. To make things clear, let’s use an example. Let’s say that you heard 22bet offers the best odds so you decided to visit www.betsonhand.com and check out their offers. However, before you made the final decision, you went to another betting site and saw that they are offering less affordable odds.
The first question you will probably have is – why this is happening? Why the odds on one betting site are 1.4 and in the other one they are still 1.3. Well, that is something you are about to find out in this article. We will highlight all the reasons that can directly influence the odds you can get from one place to another. Let’s find them out!
Fees and Commissions Aren’t Always the Same
Okay, even if you are a complete beginner, this factor is probably quite obvious for you. Keep in mind that commissions and fees are not the same everywhere. Just like you could imagine, one bookmaker can have different debt loads, revenue targets, as well as cost structures, compared to another one. That is the reason why some of the best betting sites will charge more fees and commissions.
That is the only way for them to remain solvent. Keep in mind that fees do not proportionally influence your payout. However, in some cases, they can be higher. Because of that, some of the smallest bets people make may have high coefficients. They can be even higher compared to the larger bets people are making.
Have in Mind the Delayed Line Shifting
Delayed line shifting is another part of sports betting that can directly cause different odds from one sports betting site to another. Their influence is so strong it can directly affect all the in-play and pre-match markets. This especially counts when we talk about the most popular events that millions of people are betting on. For instance, finals of Champions League, NBA, and others.
Let’s use an example to make things clear. Manchester United is playing against Manchester City. Both teams are good and there is a big chance odds will be high as well. However, a few hours before the match, one of the teams announces that one of their main players got injured on training.
Logically, this will make that team weaker a little and many people will try to use that option. However, do you think that betting sites are not following the latest news as well? The fastest websites will change the odds for a couple of minutes while the slower ones will need more time to make the changes. That is the reason why you will see different odds.
Assessment of Odds Can Be Different As Well
Believe it or not, there are also straight-up disagreements in the betting world. As we previously mentioned, bookmaker odds are not the only ones that exist. There are also real odds that play a crucial role in this world.
Almost every bookmaker (online and offline) has its own oddsmakers. These individuals or groups of people analyze all the details that can directly influence the outcome of the match. Despite injured players, they also analyze weather, the form of each player, the formation both teams will play, and other stuff.
Well, here comes the reason why odds can vary from one place to another. Most professional sports betting sites will hire highly skilled people that will spend a lot of time analyzing all the variables that can influence the outcome. On the other hand, the smaller ones won’t have the capacity to hire a lot of people to do that.
Despite that, smaller betting sites probably won’t get all the necessary data like the bigger ones. Of course, the way how someone approaches the information also matters because not all people will look at the same data identically. That is the reason why you will see different odds for the same matches from one place to another.
Finally – Competition!
Keep in mind that the sports betting field is growing every single day. More and more people are interested in this type of activity while more and more individuals are planning to start their own betting site. Because of that, we can conclude the competition in this field is tough.
That is the reason why you will see some sports betting sites are offering better odds for some important events. These events are attractive for a massive population that loves betting. It is the moment they have to use to confirm they are different than others. The bettors will appreciate a good opportunity and they will get back once again to have fun and test their luck.