All sports bets at https://doradobet.org/ casino have odds. Beginner bettors often get lost by not knowing how to choose the best odds. This article will explain what odds are and why a high multiplier is not always beneficial for the player.
What are the Odds in Dorado Bet Casino Betting?
The odds in Dorado betting is a numerical multiplier that shows the probability of a sporting event. It is expressed in numbers and includes the bookmaker’s margin. According to the odds, the player can determine the probability of winning on his bet with this multiplier.
Types of Odds
Doradobet bookmakers use the decimal odds used in Europe. In the USA, they use American odds, and in the UK, they use fractional odds.
The calculation is very easy to follow, as the multiplier is based on the mathematical rule of multiplication that we all know from school. For example the odds of a bet on a selected sporting event is 1.87; you have bet 500 hryvnias, and your bet is in play; your winnings at doradobet casino will be 500 x 1.87 = 935 hryvnias; of this amount, the net profit of the player is 435.
How to determine the probability of a sporting event with real money? Very simple: Divide 100% by the multiplier number. Divide 100/1.87 = 50.7%. The probability of a positive outcome of golden bet game and your winnings on this bet is 50/50.
In Great Britain, the common school system for multiplication and division is fractions. This principle is also applied to bookmakers. Fractional odds are the ratio between the amount of possible net winnings and the amount wagered by the player.
As an example, let’s calculate Dorado bet online winnings as the money from a bet in Great Britain is counted:
● you bet 1000 hryvnias on a sporting event;
● The odds of the bet is 7/5.
● This means that for every 5 hryvnias you bet, you will make 7 hryvnias profit. Let’s do the math: 1000/5 = 200; now multiply 200×7 = 1400. Subtract the amount of the doradobet sports bet, and you will get a net profit of 400 grivnas.
American bookmakers use two types of odds when betting with players. As in Great Britain, positive with a plus sign and negative with a minus sign.
Positive or Plus Odds
They are the sum of the net profit of the player when betting 100 units. For example, near the bet on the match, there is a quota of 150; you bet 700 hryvnias; your winnings will be 150 hryvnias for every 100 hryvnias. Let’s count: 150 х 7 = 1050. Subtract the 700 hryvnias bet, and you will get a net profit of 350 hryvnias.
Negative Odds or Minus
It is the bet that the player has to put on the betting slip to win 100 conventional units. They are indicated with a negative sign. There are no such bets in Dorado bet, but American players are more accustomed to reading the winnings in this way.
Let’s look at the winnings calculation as an example the odds of the match are -130; which means that you have to bet 130 grivnas to win every 100 grivnas. Let’s convert negative odds into decimals, as usual, bk online. We divide the value without a negative sign by 100 and add one. Calculate: 130/100 + 1 = 2.3.