Understanding odds is the foundation of success in the world of sports betting. These numbers don’t just reflect potential winnings, but are key to strategic betting planning. In the Mostbet app, popular among Bangladesh users, the odds play a crucial role when talking about the odds of winning and the possible profit from each bet.
Understanding how odds are formed and what they mean can significantly improve the productivity of the game. The aim of this article is to provide a detailed guide to the odds in the Mostbet app that will allow you to make informed bets. We will explain how to read and interpret the odds.
Betting Odds: What It Is And How They Work
Odds is a numerical expression of the probability of the outcome of a sporting event. This indicator reflects the potential profit that the player will get in case the bet is successful. To calculate the possible winnings it is enough to multiply the bet amount by the odds of the selected outcome.
The quotes include the margin – its guaranteed income, which ensures profit regardless of the outcome of the bet. The commission is an integral part of the activity of any betting sites, without which they could not exist.
Low quotes indicate a high probability of success of the team or participant of the event from the betting platform point of view. But it should be realised that the odds take into account not only the chances of winning, but also the expected volume of bets on a certain outcome.
Explanation Of Different Types Of Odds In The Mostbet App
Users who decide to download Mostbet apps on handheld devices will be able to customise the display of odds in one of three formats:
- Decimal (European);
- American (plus and minus);
- Fractional (English).
Each has its own characteristics and preferences in different regions. Decimal coefficients are more commonly used in Europe, American coefficients in the US, and fractional coefficients in the UK.
American Odds Format
American odds are represented as integers with a “+” or “-” sign:
- Negative quotes indicate the amount that must be bet to win a net profit of 100 BDT. For example, if the odds are -300, you need to bet 300 BDT to win 100 BDT net profit. If the bet is 3,000 BDT, on the other hand, the potential winnings will be 1,000 BDT.
- The positive coefficient shows how much net profit can be made for every 100 BDT. Thus, at +150 for every 100 BDT of bets, 150 BDT of net profit can be made.
Example Of Calculating American Odds And Payouts
Let’s say a player wants to bet on a cricket match between Bangladesh and Pakistan. Mostbet can set the odds for Bangladesh to win as -417 and for Pakistan to win as +320.
If a user bets 417 BDT on Bangladesh, if they win, the net profit will be 100 BDT. And with a bet of 100 BDT on Pakistan, if they win, the profit will reach 320 BDT.
Decimal Odds Format
Most players from Bangladesh who have downloaded the Mostbet apk on their Android device prefer decimal odds. They are written as decimal numbers such as 1.5 or 2.25. The lower the value of the odds, the higher the probability of the outcome.
How To Interpret Decimal Odds
European quotes show how many times a player’s bet will increase with a correct prediction. To calculate the potential winnings, it is enough to multiply the bet amount by the coefficient of the selected market. Unlike the American format, there are no plus or minus signs, everything is arranged as simple and clear as possible.
For example, a bet of 1,000 BDT at odds of 1.91 would result in a potential win of 1,910 BDT and a net profit of 910 BDT.
An alternative to the European format is the Hong Kong multiplier, which is also presented in decimal form, but shows the net profit rather than the total payout. To convert the Hong Kong multiplier to the European multiplier, add one to it.
For example, if you bet 100 BDT on the Hong Kong odds of 3.36, you will receive 336 BDT net if you win. The European equivalent of such odds would be 4.36.
Examples Of Calculating Decimal Odds
The decimal coefficient reflects the profit that the user of the Mostbet app will get for each unit bet. For example, 1.7 means that if the bet wins, the profit will be 0.74 for each unit bet.
Let’s take an example from the world of cricket. Mostbet offers bets on the match between India and Bangladesh:
- The odds for India to win are 3.98. A bet of 1,000 BDT will increase the player’s pot almost 4 times bringing 3,980 BDT, of which 2,980 BDT net profit.
- The odds for Bangladesh to win are 1.99. A bet of 1,000 BDT will win 1,990 BDT and a profit of 990 BDT.
The Mostbet app provides fractional (or British) odds. It is denoted as an ordinary fraction, such as 1/5 or 3/2, and indicates the ratio of net profit to bet size.
To convert fractional quotes to decimal, simply divide the numerator by the denominator and add one to the result. For example, 149/50 is equivalent to 3.98 in decimal form (149 divided by 50 plus 1). If you bet 2,000 BDT on an outcome with such odds, you will receive 7,960 BDT if you win.
Odds are one of the most important indicators in the betting world, reflecting the probability of the outcome of events and helping to calculate profits. Every betting platform includes a margin in the odds, which is their profit margin. It is important for users to learn how to translate these numbers into percentage probabilities in order to assess the risks and potential rewards if a bet is successful.
If you want to track odds without the help of a PC, we recommend Mostbet app download. The licensed operator’s software offers betting on all sports popular in Bangladesh. Here you can support your favourite cricket, kabaddi, football, volleyball, cyber sports and other teams.