The coefficient is an indicator of the probability of an event according to the bookmaker. The higher the coefficient, the greater the win.
Each event has a coefficient. It determines the winnings that the player receives in case of passing the bet. To calculate the amount of winnings, you need to multiply the coefficient by the amount of the bet.
What do the coefficients depend on?
From the probability of the passage of the event. The bookmaker evaluates the probability of each event in the match, such as the victory of one of the participants, a draw, the number of goals and violations. The lower the probability of an event, the higher the odds.
What are the types of coefficients?
The European coefficient is written as an integer with a fractional part, for example 1.50, 2.15, 3.00. It shows how much your bet will increase if you win. To calculate the winning amount, multiply the bet by the bet size.
One of the varieties of the European coefficient is the Hong Kong one. It looks the same, but shows the amount of net profit, not the size of the winnings. If you add one to the Hong Kong coefficient, you get the European one.
UK betting companies use British odds. They look like simple fractions: 1/5, 3/2, 7/10. The British coefficient shows the ratio of the amount of net winnings to the size of the bet.
The American coefficient looks like an integer plus or minus, for example +100, -750. This is the most confusing coefficient in terms of the mechanics of calculation.
What are the best odds to bet on?
The optimal size of the coefficients is around 2.00.In this case, winning doubles your bet amount, and the chances of winning are high enough to win at least every second bet. If you choose odds higher, you risk losing often, if lower, the pot will grow slowly, and to win back one loss, it will not be enough to win once.
The first thing to remember is to follow the movement of the coefficients. In sports, a lot depends on the circumstances. Numbers are subject to change due to player injuries, litigation, leader transfers to another team, even bad weather can have a significant impact.
Such a scenario can lead to unexpected changes in the game of opponents, and if you react in time, you will be able to make money on it.