In sports betting, you will often come across the abbreviation ‘WDW’. What does this mean?
Well, ‘W’ stands for ‘win bet’, ‘D’ stands for ‘dog race’, ‘W’ stands for ‘win bet’ and ‘D’ stands for ‘dog race’. So, if you see that the first letter of these pairs matches the letter after it, you know that you are looking at a winning bet.
‘S’ stands for ‘score’, ‘B’ stands for ‘bonus’ and ‘T’ stands for ‘to bet’ (i.e. to place a bet). When you see a combination of these letters, it usually means that you are taking the bet on the outcome of a match.
For example, you might see the abbreviation ‘WDWSBT’ or ‘WDWST’. This indicates that you are backing both the Sporting Club Barcelona and Paris Saint-Germain to score, and you are placing a win bet of €100 on the game.
Which Teams Are You Backing?
The first thing you should do when you see this abbreviation is to look at the pairs of letters that follow. These will indicate the teams that you are backing. Keep in mind that your wagers should add up to a total of €100. If you don’t have that much money, you shouldn’t be betting, especially on football. There are always exceptions, but you should know the odds beforehand.
For example, if you see ‘WDWSSBB’, this means that you are backing both the San Francisco Shipibo team and the Sporting Club Barcelona to score, but you are placing a win bet of €100 on the Sporting Club Barcelona.
How Are Your Odds Calculated?
After you have determined which teams you are backing, you will need to find out how your odds are calculated. The answer will depend on whether you are using an online betting site or a bookmaker. The most popular odds-calculating systems are listed below.
The Martingale System
The martingale system is named after its creator, a Frenchman named Pierre Martingale. It is a very simple system. All you have to do is pick your favorite team, then pick another team with lower odds. When your first team wins, you increase your bet by 50% of your original stake. When they lose, you decrease your bet by 50% of your original stake. This process will continue until either you win or lose back your original investment. The martingale system can work for you if you are a consistent winner, but it is not recommended for the faint of heart. This is because if your first team loses, you could end up in serious financial trouble. This system increases the house edge to 1.7% which is one of the highest in the industry. Furthermore, this system is considered to be highly unethical and is thus banned in many places. Still, it is a popular option for recreational bettors, especially in Europe and the United States.
The Straight Up System
The straight up system is a fair and simple betting system that was developed in London in the 19th century. It takes a little bit more brainpower than the martingale system, but it is much more ethical and reliable. With this system, you will pick your favorite team, then increase your bet if they win and decrease it if they lose. The advantage of this system is that the house edge is completely transparent and does not change depending on the bettor. Furthermore, this system’s edge is only 0.6%, which is much lower than the 1.7% house edge of the martingale system.
The Money-Line System
The money line system is one of the most popular options among bettors because it is very straightforward. You will simply have to pick your favorite team and lay your money on the line. The advantage of this system is that it is very reliable because the house edge is the same as the sport’s vigorish, the amount of money charged by sportsbooks to place bets. Vigorish is usually between 10% and 20%, depending on the country and the sport.
The Longshot System
The longshot system is another fair and simple betting option. You will choose an underdog with very low odds—in fact, you will probably choose a team with no previous track record at all. The advantage of this system is that it is very unpredictable. Still, it can be rather risky, as you may end up backing a losing team. The longshot system’s edge is only 0.4%, which is lower than most other systems.
These are the most common odds-calculating systems used in betting. If you want to make sure that you are using an ethical and transparent bookmaker, make sure that they utilize one of these systems. If you aren’t sure which system to use, ask a representative about the bookmaker’s odds-calculating technique. As a general rule of thumb, the more variables in the equation, the more uncertainty there is in the outcome. Thus, more chance for you to win!