Category: Football betting guide

What does 0-2 mean in sports

Guess you have come across the betting type called 0:2 handicap on other online betting sites at home and abroad, but you don’t know what it really means or you are confused. New bettors have handicaps of 2:0, 0:1, 2:0, and even 0:3. Whatever the case it may be, it is all called handicap betting. So if you still don’t understand what that actually means, here is the meaning of 0:2 handicap.

 

What is handicap 0-2 meaning in sports

If it is a 0:2 handicap bet, it simply means that the home team will give the away team 2 goals before the match. This means that before the start of the match, we assume that the away team is already leading by 2 goals. forward so the home team needs to score 3 goals to win which automatically means they lose the bet. if the home team has scored 2 goals and the away team has scored none, it is a draw and automatically means that you have lost the bet as you have chosen the away team with a handicap of 0:2.

 

But if the match ended in a draw, maybe 0:0, 1:0, 1:1, 2:1, 2:2, 3:2, etc. without adding the two goals, the bet wins if the 2 goals. added.

 

If for example ManUTD vs Chelsea and they chose Chelsea which is a 0.2 handicap.

 

This means Chelsea lead by 2 goals. If the match maybe ended 1:0, 2:1, 2:2, 3:2 in normal play. Then that means you won. if the goal before 2 is added to the result, it means Chelsea won the match 0:2.

 

The handicap result is 1:2 instead of 1:0, or 1:3 instead of 1:1, or 2:3 instead of 2:1, or 2:4 instead of 2:2, provided that the game ended without handicap goals. he added in favor of chelsea.

 

But if the normal game is eg 2:0, 3:0, 3:1 etc. became, it means that you have automatically lost the match if the 0:2 handicap is added to the result.

 

The result of the handicap will be 2:2 which is a draw instead of the normal game 2:0 or 3:0 instead of 3:2 or 3:3 instead of 3:1 so I hope you understand what the 0:2 handicap means and how to use it effectively to place the bet. the 2:0 opposite handicap is the same concept.

 

How to calculate payout for a lay bet on 1×2 betting?

Unlike bookmakers betting on the 1×2, you can also bet the result. For example, suppose you play Team A against Team B at an odds of 2.68 with a £100 bet.

Similar to calculating the payout for back bet, there are two phases of lay bet.

Step 1: Calculate return excluding commission

Odds * Stake = £ return

In our example: £100 = £100

Therefore if the game ended in a Team B win, or a draw your bet would win, giving you a £100 profit (before commission).

Step 2: Calculate return with commission

The next stage is to calculate betting profit, taking into account trading commissions. In Smarkets-2% commission of net profit, you can use the following calculation method:

Stake * 0.98 = profit

In our example that would be: 100 * 0.98 = £98

Therefore, you will be charged a commission of £2, which means your profit will be £98.

When placing bets on the betting exchange, you should be aware of your responsibility for the bet-the amount you need to pay if the game ends with Team A’s victory. This explains how to calculate the liability of the exchange.

For this example if the game had ended in a Team A win, your liability would have been deducted, resulting in a loss of £130.

How to calculate payout for a back bet on 1×2 betting?

There are two stages in calculating the payout for back bet in the 1×2 betting. For example, suppose you support team A to beat team B at an odds of 2.88 with a principal of £100.

Step 1: Calculate return excluding commission

Odds * Stake = £ return

In our example: 2.88 * 100 = £288

Therefore if Team A won your bet would return £288 – including stake, with a £188 profit.

However, because betting exchanges don’t add a margin into the odds, unlike bookmakers, you need to subtract the commission from the profit.

Step 2: Calculate return with commission

((Stake * (Odds -1)) * Commission rate

In our example that would be: ((100 * (2.88 -1)) * 2% = £3.76 commission

In our example you would be charged £3.76 commission, meaning your return would be £284.24, a profit of £184.24

If the match ends in either a draw or a Team B victory, you would lose the bet and your £100 stake.

Even when commission is factored in to the odds, you will generally find that Smarkets has the best price, a result of our industry-low 2% commission on winning bets only.

Once you learn how to calculate betting profit margins, you can compare the profit margins of different bookmakers and exchanges to find out who offers you the best odds

How to Boost your Chances of Big Wins in 1x2bet?

One type of bet that is very useful for your 1X2 betting strategy is the Accumulator. The accumulator is where you combine multiple 1X2 bets into one coupon. The odds for each bet are added together.

If the first bet wins, the bonus will be used as the bet for the next bet. This process continues until one of the bets loses. If only one bet is lost, the entire coupon is invalid.

Using the Accumulator is a great way to bet on popular trends. Although a single 1X2 bet on a big favorite in a game may not bring much return, betting on multiple hot lists can bring considerable prizes.

You do need to choose carefully, but, for example, it doesn’t make sense to simply choose five games just because all the teams you choose start with the letter “B”. Accumulators with wise choices can indeed bring very wrong rewards, but you should never be lazy when making 1X2 choices for this type of bet.

What is the difference between probability and odds?

The probability that an event will occur is the fraction of times you expect to see that event in many trials. Probabilities always range between 0 and 1. The odds are defined as the probability that the event will occur divided by the probability that the event will not occur.

• The probability that an event will occur is the fraction of times you expect to see that event in many trials. Probabilities always range between 0 and 1.
• The odds are defined as the probability that the event will occur divided by the probability that the event will not occur.

The probability of 0 is the same as the probability of 0. The probability between 0 and 0.5 is equal to the probability less than 1.0. The probability of 0.5 is the same as the probability of 1.0. Think of it this way: the probability of a coin heads up is 50%. The odds are “Fifty: Fifty”, which equals 1.0.

As the probability rises from 0.5 to 1.0, the probability increases from 1.0 to near infinity. For example, if the probability is 0.75, the odds are 75:25, three to one, or 3.0.

If the odds are high (one million to one), the probability is almost 1.00. If the probability is small (one to one million), the probability is small, almost zero.

How does a 1X2 bet work?

1X2 betting is just betting on the result of a match, usually called match result betting. This means you only need to predict whether the game will win at home, away, or a tie.

Basically, the three results of a game between two teams are represented by 1, 2 or X. This means that 1 means home win, 2 means away win, and X means draw.

Using Bet 365 odds, let’s make an example between Team A and Team B.

In the whole game, Team A are represented by 1 because they are the home team. Team B is the visiting team, so it is represented by 2 and the draw is X. Looking at the odds, you can see that Team A is the favorite at 1.36. Team B is an outsider at 8.50 and 4.75 for a draw.

This means that using 100 stakes, if they win, betting on Team A to win will pay 136. The odds for Team B to win may be 850, and if the game is over, the draw will be paid 475.

1X2 betting can sometimes be used for handicap betting, as long as there is a possibility of a tie. 

How do you convert odds to percentages?

Decimal odds are a simple reflection of the return you will receive for each single unit placed.

• Decimal – 1 divided by the decimal odds, multiplied by 100 to give a percentage e.g. decimal odds of 2 = (1/2) * 100 = 50%.

• Fraction – 1 divided by (the fractional odds plus 1), multiplied by 100 to give a percentage. e.g. fractional odds of 3/1 = (1 / ((3/1) + 1)) * 100 = 25%.

• American:

  • Positive odds – 100 divided by (the american odds plus 100), multiplied by 100 to give a percentage (example) american odds of 150 = (100 / (150 + 100)) * 100 = 40%.

  • Negative odds – Firstly multiply the american odds by -1 and use the positive value in the following formula: american odds divided by (the american odds plus 100), multiplied by 100 to give a percentage (example) american odds of -300 = (300/(300+100)) * 100 = 75%.

Other example:

For underdogs, converting odds to percentages is simple: the odds themselves constitute a percentage of profit. So in the example above, the percentage is 585%. Because you bet $100 and make a profit of $585, the percentage of the total return is actually 685%.

For favorites, all you have to do is: divide 10,000 by the number associated with them, and get the percentage you are looking for.

In the example above, the result will be 10,000/760 = 13,15%. This will be your profit. Therefore, in total, you will get 113.15% of the bet amount.

How to convert odds to probability

The calculator converts the “Probability of Winning” of the event into a percentage of the probability of success.

The odds are expressed as (chance of success): (chance against success) or vice versa.

If odds are stated as an A to B chance of winning then the probability of winning is given as P_W = A / (A + B) while the probability of losing is given as P_L = B / (A + B).

For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get

For 4 to 48 odds for winning;

Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%

“Odds for” winning: 1:12 (reduced from 4:48)
“Odds against” winning: 12:1 (reduced from 48:4)

How do you calculate margin odds?

The simplest way to explain profit margins is to bet on a coin toss. Suppose you and a friend bet €10 each to win €10. If it is Heads, you will become rich for €10. In the case of Tails, you will lose 10 Euros.

Under these terms, neither of you has any advantage, because the odds given (2.0 in decimal odds/+100 in American odds) reflect the actual probability of the event (0.5).

To calculate the margin that the bookmaker applies to the match, you need to consider the odds of all possible outcomes. The higher the margin, the lower the value of the bettor; this is why profit margins are the best way to truly compare odds.

In betting terms, this is referred to as a 100% market or book, and it does not give any advantage (margin) to the person placing the bet or the party accepting the bet. Therefore, 100% of the market is a zero-margin market.

However, if you are tossing a coin with someone seeking profit (a bookmaker), the market percentage will be greater than 100%.

The amount above 100% of the market percentage is the size of the deposit held by the bookmaker to the bettor, or just the price of the service provided by the bookmaker.

This is basically how all bookmakers operate, but the most important thing for bettors is the margin applied by the bookmaker they choose, because this determines the value of the odds and the final potential betting profit. If you want an easy way to calculate the margin applied to bets, please use our margin calculator.

How to calculate the odds margin

To calculate the margin that the bookmaker applies to the match, you need to consider the odds of all possible outcomes. A novice bettor might reasonably ask “Why should I care about the odds of all outcomes, because I only bet on one?”

The concept of betting value is related to the entire market, that is, considering the probability of all outcomes. The higher the margin, the lower the value of the bettor; this is why profit margins are the best way to truly compare odds. In the long run, this is relevant. Over time, any serious bettor will place multiple bets, and profit margins will erode their potential profits.

To calculate the margin for a two-way market, use the following equation:

(1/Decimal Odds Option A)*100 + (1/Decimal Odds Option B)*100

For example, imagine a hypothetical match between Team A and Team B. You can calculate the margin of odds as follows:

Team A 1.926
Team B 2.020

(1/1.926)*100 + (1/2.02*100) = 51.92 + 49.51 = 101.43% Market

This is a margin of 1.43%

How do you calculate 1X2 odds?

1X2 betting is just betting on the result of a match, usually called match result betting. This means you only need to predict whether the game will win at home, away, or a tie.

We can hear you asking what 1X2 means. Well, generally speaking, your betting odds will be divided into three columns-home, tie and away. 1X2 is directly related to this:

1 = home win
X = tie
2 = Away win

How do the odds work?

If you support the home team (1) and the host wins, so do you. A tie (X) or an away win (2) means you lose. Similarly, if you support the away team (2), then they must win you to win. Similarly, if you bet on a tie (X), then the game must end with the team sharing the trophy before you can win your bet.

So, let’s look at the odds. Each match result has a price, and your return is calculated as follows:

Odds x Stake = Potential Return

Example 1X2 bet

For example, Team A and Team B.

Using STS Bet, the current odds are as follows:

Team B (home 1) are priced at 4.75.

The draw (draw X) is priced at 4.20.

Team A (away 2) are priced at 1.67.

If you bet £10 on Team A to win, your return is calculated as follows:

£10 x 1.67 = £16.70

If Team B defy the odds to either win or draw then you would lose your entire £10 stake.