The theory behind “fixed odds betting,” as it’s more commonly known, is quite simple: rather than each individual buyer adjusting the odds of winning on their own, the marketplace does it for them. The theory assumes that everyone will use their credit card to make the wager rather than risking their own money. This brings us to the advantage of the theory: no matter how unpredictable the winner may be, the theory says you’ll almost certainly get your money back (plus some).
Fixed Odds Betting Explained
Let’s assume for a moment that you’ve placed a wager using your credit card to place a “fixed odds” bet on the winner of the 2018 World Cup. If we examine the odds of winning the World Cup at the time you made your bet, you’d see a site such as
Why Does It Work?
The underlying theory of fixed odds betting is that you’re not actually taking a gamble when you bet on the favorite; rather, you’re just betting against the spread (also known as the “over/under” or “favorite-against-the-spread”). The theory also argues that, in most cases, you’ll win your bet (plus some). Let’s take a closer look.
How Does It Work?
In order to place a bet using fixed odds betting, you must first determine what the “line” is – the numerical difference between the odds of the favorite and the odds of the underdog. For example, if you’ve got odds of 2.0 (or 200:1) on the favorite and 5.0 (or 500:1) on the underdog, your line would be 2.0 – 5.0 = −3.0. In this case, you would be backing the underdog, the team you’ve picked to win the World Cup.
When you place a bet using fixed odds betting, the site
How Many Winners Does It Take To Even Out The Losses?
While it is theoretically possible to win on a single bet using fixed odds betting, the chances of doing so are quite slim. The reason: in most cases, you’re backing the underdog, meaning you’re essentially betting on the winner to lose. Since you’re almost certainly going to lose the bet, you might as well go all the way and bet on the favorite rather than using fixed odds betting at all.
The question is: how many winners does it take to get back even money on a single bet? To find out, we need to look at the math behind the theory. Specifically, if you stake $100 on a team that wins, you’ll need to bet $100 X the odds of winning to get your $100 back (plus some). In the example above, that would be $100 X 2.0 – 5.0 = $200. Now, if the team loses, you’re out $200 – that’s $100 on a $100 bet (plus some). So, in order to have even money (0:0), you need to win twice – that’s two wins out of two bets. In other words, you need two successful bets before you can say you’re winning on even money terms (also known as a “push” or “lay”).
The Mathematics Of Fixed Odds Betting
Since we don’t know any of the specific teams that will be competing in the World Cup, let’s assume for a moment that we do. Further, let’s assume that you’ve gone through the trouble of determining the line and put a $100 wager on a Germany win (the favorite). This is what the odds would look like when you examine a reputable bookmaker:
The Spread Betting Explained
In most cases, you’ll be using a credit card to make a wager; therefore, rather than risk your own money on the outcome of a game, you’re effectively betting on the outcome using the credit card’s money. This is where spread betting comes in. Let’s assume that, in addition to placing a $100 wager on a Germany win, you’ve also put a $100 wager on Portugal to win the World Cup. In this case, you’d be getting two “spreads” on two different teams – one on Germany and the other on Portugal. This is known as “hedging your bets.”
When you spread bet, you’re effectively betting on two (or more) matches at the same time. In the example above, you’re backing Germany to win the World Cup and Portugal to lose. If Portugal wins the World Cup, you’re going to lose the $100 on Germany – but you’re also going to win $100 on Portugal (plus some). Similarly, if Germany wins, you’re going to win the $100 on Portugal (plus some). In other words, you’re effectively getting 2:1 odds on Germany winning and 1:1 odds on Portugal winning – which, of course, is a fantastic opportunity to make money!
Now, if you were to place a $100 wager on Argentina to win the World Cup and Brazil to lose, you’d be effectively taking 3:1 odds on Argentina and winning $300 – not bad for a single wager! In most cases, spread betting is considered “less risky” than placing a wager on the favorite in isolation. However, keep in mind that in most cases you’re still going to lose your money – it’s just that, with spread betting, you’re spreading the potential loss out over a series of bets rather than risking it all on one. In other words, if you’re taking the time to carefully examine the odds of each team, you’re decreasing the chances of losing a large sum of money.
To put it simply, when using a credit card to make a wager, rather than taking a chance on the outcome of the game, you’re instead using another person’s credit card. This might not seem like a wise decision, but in most cases, it’s the opposite: it’s a very safe way to make a wager. Since credit cards carry significant risk, giving them the odds of winning on a football match is essentially giving them the odds of winning the entire World Cup. It’s essentially the same as saying: “I’m willing to take this risk on your behalf.” From a purely mathematical standpoint, this makes perfect sense. If you’re going to be using credit cards to make wagers anyway, why not give them the best possible odds?
What Kind Of Returns Do You Expect On Your Investments?
The key takeaway from all of this is that, rather than taking a gamble on the outcome of a game, you’re using a financial asset (in this case, a credit card) to make an investment – in this case, the investment is in the team you’re backing. Naturally, you want to know how much you can expect to earn back on your investment – in this case, your credit card. Specifically, if you stake $100 on a team that wins, you’ll need to bet $100 X the odds of winning to break even – in other words, you’ll need to win twice (plus some) to recoup your $100 (plus some).
Now, if you want to find the return on investment for a bet that’s just been made using your credit card, you can use
Why Are Credit Cards Accepted Wherever You Go?
As previously stated, one of the significant advantages of using credit cards is that they’re accepted everywhere – including online casinos. Since the online casino community is global and based on the internet, credit cards are simply accepted online as a matter of course. In most cases, in order to make a purchase, you’ll simply need to insert your credit card and make the purchase. In most cases, there will be no additional fees – unless, of course, you’re going to withdraw the funds from your credit card before the purchase is complete. In most cases, credit cards are the perfect solution for online gamblers who want to make a quick, simple and cost-efficient purchase and don’t want to worry about chargebacks.
In some cases, a credit card might not be the best choice – if, for instance, you want to gamble with real cash rather than spending it on virtual currency. In some other cases, it might not be the most convenient choice – if, for example, you’re in a country where cash advances are not available (and you don’t want to use a credit card to get the cash anyway).