If you want to start betting on sports, it is very important to know what the coefficient systems are and what types of them exist. These are the values that online casinos assign to various markets and which indicate the possible profit from each game. The coefficients are calculated based on statistics and trends and reflect the possibility of an event occurring. In addition, each platform also has its own profit margin. Moreover, coefficient is a key element in sports betting and this is the value that each platform gives to the markets, so it determines the profit that can be made in each game. By multiplying the coefficients by the amount of the bet made, a possible profit can be achieved. So the betting odds reflect the possibility that this event will happen and the higher the odds, for example, when a team is a clear favorite, the lower the quota will be. On the other hand, when the probabilities are very low, the chances get higher and higher of course.
Coefficient systems formats
Quotas are provided to the user in various formats. Primobet Casino usually offers the possibility to change this format according to your tastes and preferences. There are two main types:
- Decimal coefficients
The basic format of the coefficients is known as decimal. They are represented by numbers starting from 1, which corresponds to 100%. The closer the coefficient is to 1, the more likely it is that this will happen. But on the other hand, the numbers that are further away have high chances, but their chances are lower. So to find out the amount of winnings with decimal coefficients, you just need to multiply the figure by the value of your game. For example, if you bet $10 on the victory of the hosts in the previous example (1.50), and this happens, you will receive $15 as a prize.
- American coefficients
American quotas are named so because they are used in the United States by default. So the values are represented by a minus sign (-) or plus sign (+), which have different meanings. If the coefficient has a minus symbol, it indicates the amount that must be wagered in order to make a profit of 100 dollars. In this example, to get this profit on Real Madrid, you have to bet 110 dollars. The profit does not include the return of the original game, but the net profit. For its part, the plus sign indicates the profit that can be made by betting 100 dollars. Following the example, if you predict a 100 dollar victory for Barcelona and it comes true, you will receive 300 dollars to your account.
How do betting odds work?
The coefficients represent the possibility of an event occurring. Therefore, the more likely the game is, the lower the chances will be. This means that the favorite teams in a football match will have the lowest odds, while the less powerful teams, whose victory will come as a surprise to everyone, have higher odds. As we have already mentioned, the commissions are not the same on all sites, but depend on each one individually. However, there are usually no big differences, so as not to lose competitiveness and so that users always choose the same gaming site. Therefore, it is worth paying attention to each event individually to see who offers the best conditions. This can change all the time. You should also take into account the bonuses and promotions of each site, which can directly affect the chances and results.
Remember that you can also use tricks when you are sport betting. Bookmakers often offer improved odds or increased odds for certain events. Especially those that are of great importance, such as the Champions League match, the NBA playoffs, the Grand Slam finals and so on. So in these cases, the bookmaker reduces its difference in winnings and provides users with better winning conditions. Knowing how quotas work, you can take advantage of them and get the best conditions.
