A sports betting payout is the amount of money that a bookmaker or casino will pay out on a given wager. Many bookmakers and casinos will not pay out unless you meet certain criteria; however, determining the criteria for receiving a payout can be difficult. Fortunately, calculating the payout is quite easy – it just takes a little bit of time. This article will discuss how to calculate sports betting payouts so that you can become an expert at doling out winnings.
General Formula For Calculating Payouts
The general formula for calculating a payout is fairly straightforward. Simply take the total amount of money wagered on a given match and divide it by the number of goals scored in that same match. Then, you have to take into account the type of odds used in the wager. The closer the odds are to 1.0, the more favorable the bet. For example, if you wager $100 on a sports match with odds of 3.0, you will win $300. As another example, if you wager $100 on a match with odds of 10.0, you will win $1,000. In all cases, you win $100 on a $100 wager.
Example
Let’s take a look at an example. Say the over/under on a given match is 9 goals and you wager $10 on this match. As you can see, $10 x 9 = $90 is wagered on the match. Now we need to compute the payout. First, we need to find the number of goals scored in the match. In this case, there were nine goals so the payout is $90/$9 = $10. In this instance, the payout was quite easy. However, what if the over/under was 4 goals and you wager $5 on this match? There were two goals scored so the payout would be $10 x 2 = $20. In this instance, you would lose $10 on a $5 wager (profit = $10).
Variables That Might Affect The Outcome
There are three variables that could affect the outcome of a given wager and those variables are:
- The first is the time of day
- The second is the temperature (degree the ball is being played at)
- And finally, the third is the wind (direction it is being played in)
The time of day that the match is played is quite significant. If the match starts at noon, you will have the advantage of the sun in your favor. This will make it much easier for you to predict the outcome of the match. As noon approaches, the advantage of the sun will diminish and this will make it more difficult to predict the match’s outcome. For example, if you wager on the match at 12:00 PM, you will have the advantage of the sun in your favor. However, if the match starts at 3:00 PM, you will have the disadvantage of the sun. This means that it will be very difficult to predict the match’s outcome at this time.
The temperature of the ball is significant as well. If the temperature is near or above 75 degrees, you will have the advantage of increased grip. This will make it much easier for you to control the ball as you hit it. As the temperature decreases below 75 degrees, the advantage of the ball gradually diminishes. When the temperature is at or below 55 degrees, it is very difficult to control the ball. In extreme cases, the ball becomes virtually useless at 35 degrees or below. The temperature of the ball will give you an indication of how well it will bounce and this, in turn, will determine whether you have the advantage of the ball or not. While this may seem like an extreme case, it does happen that balls freeze at very low temperatures. In any case, these are the variables that you must consider when calculating the payout.
Where Do I Start?
Now that you have an idea of how to calculate the payout, where do you start? First, you will need to determine how much you are going to wager on each sporting event. This is quite simple. Just take the amount that you are willing to wager and double it. For example, if you are willing to wager $100 on a given match, you will need to enter $200 as the first entry on your betting slip. Once you have done that, determine how much you are going to bet on each individual event. For example, if you are a fan of the Oakland Athletics, you might want to wager $100 on the Athletics and $100 on the San Francisco Giants in the same week. This is quite convenient as you can limit your bets to two games and still receive the combined advantage of both teams. As a general rule of thumb, you should always select the option that pays more. This will provide you with the best chance of winning money.
Final Takeaway
Now that you are an expert at calculating payouts, you can start thinking about how you are going to implement this into practice. Some of the options include: