1 1 Meaning In Betting
For example, if a team is a 2-1 underdog, you can bet $100 that the team will win. If it wins, you win $200 plus receive your original $100 wager back. Vig/vigorish: The commission the bookie. 1/4: For every 4 units you stake, you will receive 1 unit if you win (plus your stake). 1/2: For every 2 units you stake, you will receive 1 unit if you win (plus your stake). Sometimes you will see Evens or EVS displayed. This is the equivalent of a 1/1 fraction. Again it means the horse in question is expected to win the race. In the spread bet, the winning odds are often set at about -110 on both sides, based on the bookmaker and state. This means if you bet on Texans +3 and Colts -3, you would win a similar amount of money incase you win this bet. What Does Over and Under Mean In Sports Betting? Total bets are often referred to as the Over/Under bet. Favorites come with a – symbol attached. The higher the absolute value of the number, the better the chance the bet will win. So for example a -200 favorite has a better chance to win than a -120 favorite. 200 is greater than 120 so this is what we mean by absolute value, you ignore the – sign and take just the number when considering this. For example, odds of 1/1 mean you’d get a return of $20 for a winning $10 bet. Want a real-life example? Making a $10 winning bet on an NBA game priced at 5/1, would net you $60 in total.
Sports betting is all about numbers, but if you have no idea what the numbers in play mean, then you might not be as successful as you wish in betting. Taking an interest in knowing betting numbers and their meanings is the first step to help you develop any sports betting strategies.
If you are new to the world of betting, you have to understand that sports betting is unequivocally all about the numbers. It should be clear from the onset as teams involved in a fixture are allocated specific numbers, and it is essential to get this right lest you will place your bet for the wrong team and lose your money.
Beyond the basic figures, you also have to have some knowledge of betting odds and probabilities, which are expressed as fractions or decimals. You should also sign up with the top betting sites such as 1XBet, Betway, or 22bet. While it will be essential to learn all the different formats of odds, it will be up to no good if you cannot match the odds to their correct teams. To be on the safe side, have a look at the betting numbers explained below.
Bet numbers meaning in sports betting
By now, you ought to be aware that figures are not assigned randomly, but they represent value. If you conduct a quick search on any website, you will be greeted by significant figures filling your screen. Don’t beat yourself trying to decipher the meaning of these figures because we will explain to you how betting numbers work.
1. 1X2 betting
1, X, and 2 are the most basic numbers in sports. It is not only basic but also the most common and universal format of assigning numbers to teams for staking outcomes. In most cases, you will find columns labelled 1, X, and 2 in that order at the very top.
When presented with 1X2, the gambler is expected to bet on the outcome of the match from three options. Either a win for any of the two teams or a draw. The meaning of 1 in betting should be straight forward if you have basic knowledge of sports. 1 represents a win for the team that will be playing at home. What does 2 mean in betting? 2 depicts a win for the team playing away from home. X is used to represent a draw in those sports where a draw outcome is possible.
If you come across 12 as the only figure displayed in a sport, then it means that the sport does not have a draw outcome. Tennis is one of those sports where you expect to find 12 while in football you will find 1X2.
The universal 1X2 format is preferred because it is simple, easy to comprehend, and the winner is always determined upon the completion of a match. The only downside is the staking market becoming almost useless as the returns are of little value.
You can also come across 1X, X2 or 12. These bets represent a double chance in which any of two outcomes will give you money. What does 1X mean in betting? 1X means a home win or a draw will make your bet correct. X2 is a double chance bet for either a draw or the away team to win. 12 means that if either the home or away team wins your bet would be correct.
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2. Betting odds
1X2 are basic figures you need to know, but the most important ones are the staking odds. What is the betting odds meaning? The odds tell you how much you stand to win should your prediction be correct. The staking risks will be determined using the odds provided because those with small odds may not be worth making. There are three odds formats that you should understand.
- American odds: +100
- Fractional odds: 1/1
- Decimal odds: 2.00
All the examples given above imply that a bet placed on selected team/teams would yield back double the amount staked. Using the American odds example, staking Ksh. 100 would give back Kshs. 100 shillings profit each time. The first number represents the stake, while the other number represents the potential win. It means that if you stake Ksh. 100, then the profit will also be Kshs.100. The decimal odds are the most commonly used and represents the number of units any particular stake stands to win.
3. Handicap betting
Handicap staking comes in handy when the 1X2 odds are not too profitable as a result of the favourite team being allocated a low number. Faced with such a situation, the best alternative to maximize profit is by placing a handicap bet. The two types of handicap bets available include Asian Handicap and European Handicap.
In a handicap bet, one of the two teams starts the game with a certain number of goals or points. It means that the team for which you are placing a handicap bet will not lose by a certain margin or if they lose, the margin has to be higher than the one you placed a bet.
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Source: UGC
4. Over/under betting
This type of staking is one in which a person stakes a certain amount for a match to have goals over or under a particular figure. For instance, if a bet is placed for over 2.5 goals, then 3 or more goals have to be scored in that match for the bet to be valid. The bet applies to other things like the number of penalties, corners and yellow cards in a game.
Having an understanding of the betting numbers and their meaning is essential if you intend to get big wins in staking. Now that you have a rough idea on what all these figures mean, you should be prudent in applying them. The more you play with numbers, the more you are likely to get better returns on bets such as the handicap and over/under staking options.
What Is 1/1 In Betting
What Does 1 Mean In Betting
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