If you are an experienced punter, you know how important the odds are for how you choose to place your bets. But if you’re still new to all of this, you might wonder why it’s so important to keep track of the odds. So let us tell you two good reasons to compare odds with our odds comparison tool.
The Odds Represent Value
As mentioned above, odds are used to indicate the likelihood of a bet being a success. The higher the odds, the less likely a bet will come in. But of course, if it does, you’ll get a larger return for your money. The key to successful betting is understanding odds value. Sometimes you’ll find that a wager offers higher odds than you would have expected, sometimes lower. By understanding the market you are betting on thoroughly you can learn to take advantage of fluctuations in the odds on sports. This can be a very lucrative way of betting if you hit the market just right.
Very rarely, you will find that a bookmaker completely prices a bet incorrectly. This is what is known as a PALP. These are obvious errors which the bookmaker has no legal right to have to pay out, providing they have written something in their terms and conditions to cover it. Beware those odds. Some people will take chances on them in the hope the bookie pays out, others steer well clear for good reason. You could lose your initial stake on these bets if they are voided, with the funds going into your bookmaker’s pocket, not yours.
The Odds Helps Boost Your Winnings
Higher odds represent a larger return to the player if their bet wins. Sometimes, though, a sporting event result can be so likely that the odds offered on it are miserly. This is where canny bookmakers can glean a little bit of extra custom from their bettors. There is no odds comparison needed in this case. Instead, you’ll need to try odds boosts, which are a bookmaker’s promotional tool to gain more interest in dead certs.
Odds boosts work like this: Let’s say you, as a bettor, are offered odds of 1/12 on a Premier League football team beating a League Two team in the FA Cup. We’re sure you’ll agree that the odds are pretty miserly. Even using an odds comparison checker shows that this is the best value return for you. You could of course combine this bet into an accumulator bet, which will boost your potential return but increase risk, or you can take an odds boost. Your bookie offers enhanced odds on this game of 2/1 for the same result, which is designed to draw you in to the bet. Whereas previously you would have needed to bet £12 just to receive another £1 back with the earlier odds, your cash is now being doubled if the wager comes in. Now that’s a pretty sweet deal. Bookmakers will not offer odds boosts on all markets, so keep an eye out for these when betting.
The benefits of odds comparison are clear. As well as gaining a higher potential return for your money, you can also combine great odds with a promotional bonus to take advantage of even greater returns. Calculating your odds can be done simply using one of many odds comparison sites out there, but we prefer to do things a little differently here at Bettingtips.net. Our oddschecker calculator is one of the most efficient tools available, allowing you to compare the odds of many mainstream and lesser known bookmakers for only the best returns.
Odds on a number of sporting markets such as ATP tennis, the football World Cup and Grand National odds comparison are all possible using our website. But more on that later. First, let’s hear about the bonus of using bonuses to boost your wins.
Use Bonuses On Wider Choice of Markets
It may sound odd to say that you can use a bonus to grow your potential returns, as in some cases bonuses have strict terms and conditions restricting how you bet and how any winning funds are returned to you. One such betting term is a minimum odds requirement to place free and additional bonus bets. While it’s standard practice for bookmakers to allow you to use promotional funds on odds of 1.70 for single bets and 1.40 for accumulator bets, sometimes the bet you want to place doesn’t quite stretch that far. That’s where an odds comparison checker is perfect.
Imagine you had an accumulator bet that you wanted to place at William Hill and had seven legs on the bet. The combined odds of the bet tallied up to 1.38, but you had a sign up bonus that you wanted to use.
You have one of two options here. The first would involve adding another leg to your accumulator. A possibility for sure, but this would increase your chances of losing the whole bet. The other alternative is to see if the bet is available at higher odds anywhere else.
When using an odds checker for odds comparison betting you discovered that another bookmaker, let’s use Betfair as an example, offered the same bet at 1.42 odds. You’ve never signed up with the bookmaker, so instead set up an account with them and use the additional bet bonus on your accumulator bet. Not only have you been able to gain extra betting funds out of the deal, but also have the other promotional bet available at William Hill for another time. Now that’s what we call smart betting.
Calculating odds has its distinct advantages. It allows you to compare any two sports bookmakers you like to ensure that you’re getting the best odds available on the same market. This is crucial when it comes to making larger potential profits and boosting your betting kitty.
Contrary to popular belief, the process isn’t difficult. All you need to do is apply a little bit of simple maths. Don’t worry, it’s not scary in the slightest. Most bookmakers provide their odds in decimal form, making the maths easier for you to calculate.
Let us calculate the odds…
… and start comparing..
… to cash in the winnings
Calculating Odds in Practice
Let’s imagine you’re considering a bet on Man United to win the Premier League. The odds are offered at 17.00 on one bookmaker and 15.00 at another bookmaker. Remember earlier, we said the higher the number the bigger the return. In this case, the odds are saying for every pound you wager, you’ll receive either £17 back or £15 back depending on the bookmaker you choose. Common sense tells you to go for the larger number for an even bigger return. On a wager of £100, this would be a £1,700 return. You’ll also get your stake included, too, so your initial £100 will also be returned to you, giving you £1,800 in total. The difference of £200 between the two bookmakers.
Of course, simpler than the mathematical process, which admittedly can get a little more complicated if accumulators are involved, is to use odds comparison betting by taking advantage of Bettingtips.net’s odds checker. This aims to take the pain out of calculations by doing them all for you. We ensure that all of our information is kept up to date at all times. It’s given to us by the bookmakers directly, so we know each figure is legit. All you need to do is decide on the bet you want to place and find it in our search option. The search tool is quick, too, taking just seconds to process the complicated search. You can also use filters on the search to narrow down the bets available for you. You’ll see all the bookmaker’s best odds on that sporting event at a glance. Perfect if you’re in a hurry.
Comparing Odds From Different Sites
As well as calculating any potential returns for you, we have also compiled lists of the best odds for popular betting markets. This means you can easily see which bookmaker is best for you for individual sports markets. We work hard to update our sports odds betting information constantly to give you the most up to date betting advice. All information is given in good faith, and changes made as swiftly as possible. We’d like to think we’re the one-stop shop for betting tips, odds, bookmaker and bonus reviews and good, honest advice. Come give us a try to see for yourself.
Because we receive all of our odds directly from the bookmaker themselves using recent technology, the odds on our website are as close to real-time odds as possible. With this in mind, while odds are shown in good faith, we cannot 100% guarantee the accuracy of the odds as they are coming to us from a third party. With that said, we do believe that we have one of the most rigorous odds systems available, which allows us to reproduce odds quickly and efficiently. Our direct source of odds has helped both casual and seasoned gamblers alike and will continue to do so as we invest in further technological advances in the future.
Different Types of Odds
If you’re looking for specific betting odds you’ve come to the right place. Each popular sport has its own dedicated website section so you can search quickly for the odds you need before they fluctuate. We pride ourselves in offering an extensive range of betting odds as well as bookmaker and bonus reviews for background information on your chosen bookmaker deals. Our aim is to be at the forefront of odds comparison now and in the future as online gambling continues to grow in popularity. Let’s take a look at some of the individual sports categories available to you to search on.
Top Football Odds
You’ll find top football odds from all the biggest international and domestic football competitions throughout the globe. We have FIFA World Cup betting odds, bets on thousands of Premier League markets covering goal scoring, corner, yellow and red card markets. Non-league and lower division football as well as domestic markets from other countries are all available here. You can also place odds on specific players, too. If you’re searching for odds on Sergio Aguero becoming the FIFA World Cup top goal scorer this is the place to find them.
Top Horse Racing Odds
Fancy a wager on the gee gees? Our horse racing odds can’t be beaten. Whether you’re after a flutter on the Grand National, the Cheltenham Gold Cup or just your local race meeting you’ll find the best odds here. We also have access to information on any bookmaker odds boosts, like the William Hill ‘best odds guaranteed’ deal on UK and Irish horse racing. This is the perfect accompaniment to an acca or two. Our exciting betting tips complete the round up. If you’re looking for horse racing betting strategies or suggested wagers, be sure to check out our tips page before parting with your money.
Top Tennis Odds
Anyone for tennis? It may be a civilised, somewhat sedate game, but there’s nothing sedate about the bookie’s competition to grab the most tennis punters. Whether you’re a tennis aficionado and know your Nadal from your Djokovic or your idea of watching tennis involves copious rations of Pimms and strawberries on a sunny afternoon, we’ve got you covered. You’ll find odds for all of the major worldwide tennis tournaments from the US open to Wimbledon and everything in between. We cover odds for both male and female competition and doubles, too.
Top Golf Odds
Will you be hitting a hole in one with your golf wagers or will your bets get stuck in a sandy bunker? We’re offering you scores of golf odds to keep you entertained during the long summers and dragging winters. Expect odds on the smallest of golfing tournaments right up to the granddaddy of them all, the PGA Masters. A little birdie tells us that you’ll also find some great golf betting tips on our website too if you’d like to get to know the sport better. You’re welcome.
Top Boxing Odds
Are you a Diaz fan? Maybe a supporter of Tyson Fury? What about Pacquiao? Whoever you fancy in the big bouts, we’ve got you covered with the best bookmaker odds available. They come to us directly from the bookies themselves, so you know they’re legit and the best boxing prices on offer. Our real knockout blow comes from the wealth of betting tips you’ll find on our website, though. We’ll help you make the most of your boxing odds and any bonuses you have attached to your betting account. By the time we’re done you’ll be the one standing in victory.
To our bonus comparison
If you’re wondering who our favourite bookmakers are that offer great odds then look no further. Here’s our list of the top five bookmakers with fantastic odds to help you boost your returns. These have been rated as the best against our strict criteria by our betting experts, so you can have the ultimate in peace of mind when using these bookmaker sites. Don’t forget to check out both our bookmaker reviews and bookmaker bonus reviews to gain extra information on each of these bookies if you have not previously signed up on their sites. That extra little bit of research can be the difference between you picking the right and wrong bookie for you.