Betting odds are the main criterion that determines the amount of profit from sports betting. The quote also shows who the bookmaker considers the favorite of the match, and who is an outsider. In the article, we will talk about what the coefficient is and how the 1win bookmaker calculates it.

What is the coefficient in sports betting?

Bookmakers’ odds are numerical multipliers with a variable value — the amount of the bet. That is, the bid quote determines the amount of the win. To calculate the potential income, you need to multiply the bet amount by the coefficient. Let’s take as an example the match “Team1” against “Team2”. 

Let’s say we bet 10$ on the victory of “Team1”. The office gives a coefficient of 3.00 for this outcome, respectively, to calculate the winnings, multiply 10$ by 3.00 and get an income of 30$. A successful bet on the same amount to win “Team2” will bring only 24$ due to a lower quote.

The betting odds reflect the bookmaker’s forecast for the game. The higher the quote, the less likely the outcome is and vice versa. Our example suggests that the 1 Win bookmaker predicts the victory of the “Team2”. However, the difference in the success coefficients of the teams is not very large, therefore, the office does not exclude the possibility of losing the favorite.

Types of coefficients

Depending on the format, the coefficients are divided into three types: European, American and British. We will analyze each of them separately and give the formulas for calculating the winnings.

Decimal (European) coefficients

All bookmakers use decimal odds and write them down in whole or fractional numbers, for example, 2, 3.45 or 1.338.

Using European coefficients, it is easiest to calculate the amount of income. To do this, multiply the bid amount by the quote.

American coefficients

Bookmakers sometimes use American odds, which are indicated by integers with a “+” or “-” sign. Positive coefficients reflect the size of the potential profit from a bet in the amount of $ 100 or another currency. And the negative quotes indicate how much you need to bet in order to earn a profit of 100 conventional units. Let’s take an example of a Champions League match.

The coefficient of -159 for the victory of the “Team1” means that a bet of 159$ will bring 100$ in net profit. A bet on “Team2” with a quote of +595 will allow you to earn a profit of 595$ from 100 bucks placed on the bet.

To convert a positive American coefficient to a European one, divide it by 100 and add one. That is, the decimal quote for the “Team1” win will be 6.95 (595/100+1). To convert a negative coefficient, divide 100 by a quote and add 1. Accordingly, the rounded decimal coefficient of “Team2” will reach 1.63 (100/159+1).

Fractional (British) coefficients

British bookmakers prefer fractional odds, which consist of two parts:

• profit (the first digit is the numerator);
• the amount of the bet (the second number is the denominator).

To convert fractional coefficients to decimals, divide the numerator by the denominator and add 1. The European equivalent of the fractional kef 2/11 is 1.18 and is calculated using the formula: 2/11 +1.

How bookmakers calculate the odds of different outcomes

The history of betting odds shows that companies are constantly improving their calculation methods. In the 21st century, bookmakers began to widely use artificial intelligence technologies. Currently, quotes are calculated using software. The software algorithms determine the penalties of any outcome based on the following data:

• The position of the teams in the standings;
• Game statistics;
• Results of personal meetings;
• Personnel changes;
• The specifics of the tournament and the match.

Naturally, artificial intelligence makes a prediction on the probability of a particular result of the game as a percentage and then converts the resulting figure into a coefficient. We can perform the reverse action and determine the bookmaker’s decision based on a quote using the example of a hockey match.

To find out the chances of “Team1” to win, divide 100 by a coefficient of 3.00. As a result, we will get a 33% chance of winning the team. Applying this formula to the two remaining outcomes, we find out that the bookmaker estimated the possibility of a “Team2” at 46%, and draws at 25%. If we add up these numbers, we get 104% instead of 100%. This paradox is due to the fact that the office has put a margin of 4% in the rates.

Correction of coefficients

Bookmakers change the initial betting odds for the match in order to distribute the bet amount as evenly as possible for different outcomes. The following mechanism applies to pre-match bets:

• The coefficient drops by a certain amount when the bet amount reaches the selected value;
• The quotation for the opposite result grows by the embedded indicator.

Because of this, the coefficient for the favorite inevitably decreases, and for the outsider, on the contrary, increases. If the clients of the 1win bookmaker are actively charging one athlete to win, then the quote for this outcome is rapidly falling, for example, from 1.80 to 1.30. And his opponent’s winning coefficient increases even more: from 2.10 to 5.00.

Analysis of current odds on the 1win betting site

Analyzing the current odds on the 1win betting site is an important step before placing bets. The company constantly updates its coefficients, depending on the current situation and the demand of players. For the convenience of users, the site provides tables with current coefficients for different types of bets, as well as the ability to sort and filter.

Checking the odds on the 1win betting site allows players to determine the most profitable offers. However, it should be remembered that odds are not the only criterion for choosing a bookmaker. It is also important to take into account the reputation of the company, the quality of service, and the availability of other services and offers. Therefore, before making a decision on placing a bet, it is recommended to conduct a detailed study and comparison of various bookmakers.

Using statistics and analytics to determine profitable coefficients

When choosing bets on sports events, players always want to get the most favorable odds. To do this, it is useful to use statistical data and analyze previous results of teams or players. Modern bookmakers, such as 1win, provide users with access to a variety of statistics that can help in making a decision about choosing a bet.

One way to use statistics is to analyze the results of previous team meetings. By reviewing the history of matches, you can identify patterns and trends that may affect the outcome of a future game. For example, if “Team1” constantly wins against “Team2”, then the bet on the victory of “Team1” may be more profitable. It is also worth paying attention to the results of the teams in recent games, the shape of the players and other factors that may affect the result of the match.

In addition to viewing the history of meetings, it is worth analyzing statistics on individual players. For example, if a particular player has scored a lot of goals in recent matches, then betting on his goal may be more profitable. It is also useful to compare player statistics, for example, to compare the number of goals, assists or throw-ins from different hockey players in order to select the most likely scoring player.

You can read more here: https://1wins-bf.com/.