Online betting is a kind of gambling where you need to guess the result. Gambling is a game of chance and it’s based on calculating odds. Odds are basically based on a statistic of prediction where you need to access and tell if something is happening or not happening.
Firstly calculate the probability of wining by dividing the total number of chance, with the number the player playing the match has already acquired. If the match is at college level then after every playoff the winning team increases the probability because the team is smaller.
You must try to calculate and know the total number of chance for the particular game. For example if a dice has 6 numbers then there is a high chance of 6 coming up when dice is rolled.
After calculating the total chances you must predict the probabilities that can happen as the game progresses. Say, if you wish to have a 4 in the dice then the number is a probability out of the total 6 that you have.
Now, subtract the 1 probability from the total chance to calculate odd. For example if you subtract 1 from the total 6 chances that you have the odds will be 1 to 5. To again calculate the probability you need to add 1 to the odd which means 5+1=6.
You can also calculate odd in percentage which means if you have 5 to 1 odds then divide 5 by 100 which makes 20%. You can also find percentage odds by doubling the possibility and adding 1 to it which means 2x chance +1.
Every game has its own rules and regulation so before calculating odds you must be aware of the rules. You can also make a search in the internet for the readily available odds chart. Many websites offering web services will guide in the process of calculating odds for your favorite game.