Placing a bet online can be quite
a scary thing, especially if you’re new to sports betting. What does it all
mean? How much can you win? What needs to happen? All these are valuable
questions and at the heart of it all is one thing – odds.
The odds will determine how much you will win in return for the money you bet
(stake). At first glance it may look confusing, but once you get the hang of it
you’ll be able to place your bet and know exactly how much you’ll claim should
you pick the winner.
Let’s start by taking a look at a
real-life example taken from the Currie Cup final.
The Sharks vs Western Province
The Sharks win 0.55
Western Province win 1.55
Odds are determined by the probability of a certain outcome arriving. Coming
into the game, the Sharks topped the regular season table and earned home
ground advantage, so they were the favourites. Bookmakers thought they were the
most likely team to win, with Western Province the outsiders and even bigger
odds on the draw.
What do the numbers mean?
The numbers next to each outcome (odds) tells you how much you will receive if
that particular result arrives. Your payout is determined by the odds and your
Odds x Stake = Payout
In this case, punters who backed
the Sharks would win 55c for every Rand they bet. So a R100 bet would return
R55, plus your original stake of R100. Anyone who bet on Western Province would
get R150 for every R100 bet. Talk about value.
There you have it. Not too
difficult hey? We hope that you’ve found this useful and now feel ready to bet
better with BET.co.za. But
don’t worry if you get stuck. When you click on a bet or outcome which takes
your fancy and you then enter a stake, you can simply check out the ‘To Win’
column to see what your bet will return. There’s plenty more to know about
betting, but that’s all for now, folks.