How many games a weekend are televised that you sit and watch and you are not sure which team to support. After reading the below article you will be able to dabble in a bit of gambling, and making it interesting when watching the bottom feeder games.
First thing to understand is how odds work. Odds are fractional and should be seen as a percentage return on investment. Quick example: 5/1 is read as five-to-one. Meaning for every 1 rand bet, you will win an additional 5 rand. So if you had to bet 100 at 5/1, you would win 500 plus the original 100 you bet, meaning your pay out will be 600. Make sense?
Some odds do look complicated, like 28/10 and 5/2, all you have to do is attach the monetary value you want to bet to the odd. 5/2 = 2,5, meaning that for every 1 bet, 2,5 will be won. Same with 28/10 = 2,8 will be won for every rand.
Now in rugby, especially with one sided games, you will see an odd of 8/10. This usually donates a favourite. A favourite is the team where the least amount of money will be won, ie the lowest odd. 8/10 = 0,8 which will mean that you win 0,8 per 1 unit bet. You may ask why you would want to bet and get less back, but you have to remember that you get the money you bet back. So if you have to put 100 on an 8/10 team, you would win 80 and get your 100 back, meaning you get a 80% return on your bet. Easy hey?
Now that you can read and understand an odd, its time to take the step up to handicaps. Handicaps are the technical term for a headstart. It would be unfair to try and bet on NZ if they play Italy, as the result is a given. This would mean a very small odd. So to make it interesting, a handicap is given to the game. In the case mentioned, Italy would be given a headstart of 35 points. Your odd will now be increased as you have to analyse whether you think NZ will beat the Italians by 36 points or whether Italy will be able to hold on to lose by 34 points or less. A difference of 35 points would then be a draw for all intents and purposes. In the case of Marshalls World of Sport, they quote a handicap as 35,5 which eliminates the draw, so NZ would need to win by 36 or more and Italy lose by 35 or less.
Lets take the Sharks game tonight against the Pumas as an example:
There are two odds. The Sharks to win outright (without any handicap, just win) or the Sharks to win on handicap.
The Sharks to win outright is 1/100
Pumas to win outright is 15/1
The draw is 66/1
So to win a R100 on the Sharks tonight, you would have to bet R10 000. Seems a bit risky doesn’t it?
The handicap selected to make this game even is 30,5 points.
The odds for both teams are 1/1 (known as even money) meaning that for every rand bet, you will win a rand. So you double your money.
And it’s really as easy as that. If you have any questions or you do not quite understand anything, please do not hesitate to drop me an email and I will do my best to help, [email protected]
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