If you really want to make money through betting, the best way to help yourself is by learning to identify what odds offer good “value”, and to do that you’ll need to find the sites that offer the highest possible odds. Bettors generally define “value” as a situation in which the odds on a given outcome are higher than they should be. For example, if you believe that Barcelona has a 50 percent chance of beating Real Madrid in a match, but the given odds are above evens, then that is “value” and you should definitely bet on Barcelona.
Why do Odds Matter?
The odds on any game dictate how much you must risk to win a certain amount. One of the best ways to win money is to try and keep the risk to reward ratio as low as you can. So when you find different odds on multiple betting sites, bet on the site that requires the least risk, or the one that offers the greater reward.
Let’s look at an example: Suppose Site A offers odds of 2.00 on a particular event but Site B only offers 2.10 on the same event. If you want to win $100, you would have to bet $100 on Site A, but only $95 to win the same amount on Site B. As such, Site B is the best place to make your bet, as you’re risking less of your money for the same payout.
The same works for any other betting game too, be it blackjack or roulette or slot machines. Each site has their own payout terms and prizes, and it’s your job as the bettor to investigate as many as you can and work out where to place your bets.
The example above is a good reason why it pays to have accounts at as many sites as you can, because sometimes Site A will have better odds than Site B, and vice versa. Of course, sometimes the best odds might be on another site altogether. The odds vary from site to site because each company’s odds-maker will have their own idea about what is the probability of a specific outcome.
So where do I find the best odds?
Some betting sites have a good reputation for offering higher odds than other sites. For example, Pinnacle Sports and SBOBet are known to be very good, professional websites. However, this isn’t always the case, and when we consider how many sites there are to bet on in the world, it’s worth getting some help to find the best odds for a particular event.
As such, one can always look to a betting guide such as oddschecker for help on which sites have the best odds. Sites like this sometimes provide comparisons of odds on certain events for several bookmakers at once, which means it only takes a quick glance to see where the best odds are. If you’re looking for the best odds on casino games however, a betting guide site like http://www.bonus4casino.net/ can be more helpful in determining which sites have the best odds for all the different games.
Also remember that the odds can change in the hours preceding an event, and so it’s worth keeping a close eye on them to see if they go up or down.