How to Calculate Betting Margins?
MilosNS
September 2, 2021
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Becoming a profitable sports bettor is not easy. Many of our readers have asked us what the secrets of success are. We believe the most important thing is to be educated and disciplined. That’s why we decided to write a series of articles about online betting strategies and systems. This article will explain how to calculate which odds at betting sites are worth playing and how betting margins work. Learn why betting margins matter: A comprehensive guide for bettors by Bet Experts.
Nowadays, with many online bookmakers, it is vital to choose sportsbooks that offer the lowest possible margin and thus behave fairly towards their customers. Why are margins important? How do betting odds work? Is it essential to choose the best possible odds? Of course, it is for several reasons. You need every available advantage over bookmakers to profit from betting in the long run.
Today, we will explain how sports betting odds work, how to calculate which odds in a bookmaker are worth playing, how margins work, and what is the impact of bookmaker margins on your betting strategy and profits. So, sit back and enjoy our exclusive content.
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What is the Betting Margin?
Simply put, the margin is the percentage advantage that the bookmaker has over the bettor. For that reason, when choosing your favorite sportsbook, it is essential to select an operator with lower margins and higher odds. How to identify and avoid high betting margins in sports betting is basic knowledge that you must have.
Our step-by-step guide to calculating betting margins for different sports will help you with that. Carefully read the rest of the text to improve your knowledge and prepare for the next level.
Margin is significant when choosing the best betting site to register. Many players ignore it but focus more on bonuses and promotions and the number of betting markets the operator offers. Although these are significant segments, knowledge about margins should be at the top of the checklist if you want to make money on betting.
Here is an example:
In an ideal world, the odds for a tennis match between Roger Federer and Rafael Nadal would be 2.00 – 2.00. Under these odds, neither the bookmaker nor the bettor would have an advantage. Consequently, there would be a 50% chance on each side. In betting jargon, this is 100% market. This is a zero-margin bet, which would be the best possible odds to play anyway.
Unfortunately, sportsbooks do not work this way. Every bookmaker has a margin, bigger or smaller. That is simply the price that must be paid to play in a bookmaker, and that is how bookmakers make a profit. So, it is essential to know how margins are calculated. In that way, bettors will know whether some odds are worth taking.
Of course, you can find automatic odds calculators online. Some of them are free, while for others, you will need to pay a subscription. We think that free calculators are good enough and that there is no need to pay for services for this service.
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How to Calculate the Margin?
Margin calculation is a relatively simple mathematical equation.
(1 / odds of Federer) * 100 + (1 / odds of Nadal) * 100 = margin of the bookmaker
In our previous example, it was relatively easy to calculate a zero (0) margin. Usually, even the best bookmakers with the lowest margins are not even close to zero margins. The industry standard is 5-8%.
For example, by randomly choosing a tennis match between two players (A and B) on the schedule today. We realized that two very respectable bookmakers have quite different margins.
The 22bet bookmaker offers odds of 1.80 for the victory of player A, while it offers the odds of 1.90 for the victory of player B. If we use the formula for the margin, we will see that the margin here is a massive 8.13%. In the exact match, 1Xbet offers an odds of 1.87 for player 1 to win, while odds of 1.98 for player B to win. The margin at this bookmaker is 4.00%.
So, it is much more profitable in the long run to bet on tennis at 1Xbet because they have twice lower margins than other bookmakers.
For this reason, it is necessary to constantly calculate margins. Also, to play in sportsbooks that offer the lowest margins on the market to increase your chances of long-term profit from sports betting.
Level of Odds and Margins
The logical question is how large a margin is acceptable. Also, what is the range of margins in online sports betting?
The best bookmakers have lower margins, and they move in some sports even up to 2%, which is really great. On the other hand, you can find bookmakers on the market whose margin is astronomical and goes up to 10%. But even that is much better than local bookmakers, whose margin on most sports is even over 15%. That is why it is much better to have sports betting accounts in online bookmakers than in local ones.
As we have already mentioned, the type of sport determines the height of the margin, and the lowest margins are in American sports, while the highest margins are in basketball, volleyball, and handball. It is similar to online casino games, as every game has a different margin.
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Conclusion
It is essential to know that before you start betting on sports, you should learn and see where bookmakers profit and how they function comprehensively. Margins and odds are one way that bookmakers make a constant profit in the long run. Understanding overround and its impact on betting odds is crucial for every bettor. Also, you should calculate the impact of bookmaker margins on your betting strategy and profits.
You will be at an advantage when you know how to calculate the odds that are fair compared to the odds offered by the bookmaker. Knowledge is power; use it to win this complex sports betting game. Also, don’t forget that on the Bet Experts portal, you can read daily betting tips 1×2, which are completely free. Take advantage of this gift and embark on a profitable online betting adventure.
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FAQ
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What are bookmaker margins and why they matter?
Margins represent the advantage that sportsbooks make over players. That is why it is important to learn how to calculate bookmaker margins for better betting decisions. That way you will be able to make a profit from online betting.
</li><li> <h3>How to identify and avoid high betting margins?</h3> <div><div> <p>There are several ways you can do this. It is certainly best to read our objective reviews, in which we always deal with this topic. If you are a more advanced user, you can calculate the margins yourself quite simply.</p> </div></div> </li><li> <h3>Which are best betting sites for novice bettors?</h3> <div><div> <p>There are many quality betting sites for novice bettors, but we at Bet Experts try to find the absolute best operators, which give excellent betting offers to their players. Also, we are trying to show you how to pick the perfect betting site, and what to look for when you search for a new betting account.</p> </div></div> </li><li> <h3>Where can I bet on football games?</h3> <div><div> <p>There are a number of betting sites on the Internet where you can bet on football and other sports. What is essential to know is how to choose the best sportsbook. Not every brand is equally good, and not all bookmakers are similarly fair to their players. See the list of the best bookmakers on our website and choose your favorite.</p> </div></div> </li><li> <h3>Which betting site offers a free bet?</h3> <div><div> <p>In the UK, a large number of quality online bookmakers offer their customers a free bet as part of a welcome bonus package. In our opinion, the best bookmakers in the UK are, without a doubt, William Hill, Bet 365, Unibet, Bet at Home, and TonyBet.</p> </div></div> </li></ul></div></div>