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Home > How to calculate the winnings on online betting?
How to calculate the winnings on online betting?
Online betting draws more and more people online. It is now possible to bet via internet on a sport event like a match of soccer or tennis match, thanks to online sport betting addresses. Know for those who overlook that a sport betting consists of gambling a certain amount of money on the sport competition’s winning possibility. To win a bet, for example a bet put on a football match, the gambler has to estimate which of the two teams will win the match. Before making bets, the gambler will know the amount of his winnings provided that his estimation would happen. And that is possible with the odd system used by bookmakers.

Indeed, online betting websites apply an odd for each gamble. The amount of a winning bet is calculated under the multiplication of the odd with the amount of the gamble. In general, low odds are given by the bookmakers for the most probable winner team or athlete, whereas higher odds are used in gamble on the less probable winner team or athlete. As an example, a €10 gamble with 1.6 odd allows the gambler to receive €16 of earning, if he betted on the winner team.

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Thuesday, 27 May 2014
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