Category: Betting Explained

Key Takeaways Moneyline bets are the simplest: you’re just picking who wins, though favourites pay less than they should Spread bets ask teams to win by specific margins, giving bookmakers two ways to take your money instead of one Totals (over/under) ignore who wins entirely, you’re betting whether the combined…

Key Takeaways Expected value (EV) is a mathematical way to work out whether a bet is theoretically profitable over time, based on probability and potential winnings The basic formula is: (Probability of Winning × Potential Profit) – (Probability of Losing × Stake) A positive EV suggests a bet is mathematically…

Key Takeaways Sports betting means placing money on the outcome of a sporting event, with winnings determined by agreed odds Bookmakers build their profit into the odds through something called the “margin” or “overround” – the maths always favours them Common bet types include singles, accumulators, and each-way bets, each…

Key Takeaways Decimal odds (e.g. 2.50) show your total return including your stake – simplest for beginners to calculate Fractional odds (e.g. 6/4) show profit only and are traditional in UK horse racing and some bookmakers American odds (e.g. +150 or -200) use positive/negative numbers based on a $100 stake…