How to calculate the probabilities of an event
How to calculate the probabilities of an event
All sports betting based on chance. Of course, there are unexpected things - such as Barcelona lose as a host, but it certainly does favor of the bookmaker and only a small percentage of bettors. Percent probability guide for any profit to the bookmaker. Take coefficient Barcelona 4/6 or 1.67. We explained how he was transformed into a 60% chance of winning. Let's turn upside down and see that the probability of loss is 40%, which is not far from 50 to 50. This makes the bet for Barcelona not as attractive as it seems at first glance.
But the stakes for Real Madrid has a 80% chance of being lost, which is more than 50%. Real bettors are much less likely to benefit from this larger factor. There is a big dilemma - how much you are willing to risk in each scenario?
Equal game is good for bookmakers because most people rely on one of the two teams. When the result is equal almost always bookmaker realize profits. Companies have professionals who analyze the possible outcomes and on that basis determine the odds.