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Sports Betting at 1red: Odds, Markets and Live Wagers
Change Odds Format from Decimal to Fractional
The standard decimal odds format, such as 2.50 for a Team A win, presents the total payout including the stake. This format implies a 40% probability, calculated as 1 divided by 2.50. For comparison, a favourite in the same match might be listed at 1.67.
Switching to fractional odds, like 3/2 for Team A to win, alters how winnings are presented. The fraction 3/2 indicates a profit of 1.50 EUR for every 1.00 EUR wagered, effectively translating to 2.50 in decimal format (3/2 + 1). The favourite would be shown as 4/6.
The American (Moneyline) format, exemplified by +150 for Team A, displays the profit relative to a 100 EUR stake. A +150 quote means a 150 EUR profit on a 100 EUR bet, equating to 2.50 in decimal. Conversely, a favourite at -150 implies a 100 EUR profit from a 150 EUR stake, or 1.67 decimal.
-150 confused with +150: the consequences
Misinterpreting an American odds format, such as confusing -150 with +150, can lead to significantly different outcomes on a 10 EUR stake. A correct understanding of +150 yields a 25.00 EUR payout, including the 10 EUR stake. This represents a 15.00 EUR net profit.
Conversely, if -150 were mistakenly interpreted as +150, the bettor would still receive 25.00 EUR from a 10 EUR stake. However, the true meaning of -150 suggests a 100 EUR profit from a 150 EUR stake, which translates to a decimal of 1.67. A 10 EUR stake at 1.67 would result in a 16.70 EUR payout.
The consequence of this specific confusion, when applying it to a 10 EUR bet, is a potential difference in payout. A bet at -150 (1.67 decimal) would return 16.70 EUR, whereas a bet at +150 (2.50 decimal) returns 25.00 EUR. This highlights the importance of precise interpretation of odds formats.
When does a system bet become worthwhile?
System bets, such as a Trixie or Yankee, combine multiple selections into various smaller bets to cover potential losses from single incorrect picks. For instance, a Trixie involves four bets from three selections, requiring at least two successful selections to yield a return. This contrasts with a simple accumulator, where all selections must win.
The profitability of a system bet is intrinsically linked to the odds of the individual selections and the number of winning bets within the system. For example, a bet on Rugby with a 5-8% margin on the main market means that to overcome the bookmaker's edge, the combined odds of the winning selections need to be sufficiently high.
To determine if a system bet is worthwhile, especially when considering sports like Eishockey with margins between 4-7% on the main market, a thorough calculation of potential payouts against the total stake is essential. A system bet can become advantageous when the risk of a single incorrect selection is high, but the potential payout from the remaining successful bets offsets the total cost.
Long-term bet: Championship title at 8.00 explained
A long-term bet, also known as an Outright bet, involves wagering on the outcome of an entire competition, with settlements occurring weeks or months later. For example, betting on a Championship title at odds of 8.00 means that for every 10.00 EUR wagered, a payout of 80.00 EUR is expected if the bet is successful.
This type of bet typically carries a higher margin for the bookmaker, often ranging from 12-20%. The 8.00 odds therefore already factor in the bookmaker's advantage over the long duration of the competition. The net profit in this specific example would be 70.00 EUR (80.00 EUR payout minus the 10.00 EUR stake).
The appeal of such long-term bets lies in the potential for significant returns from a single wager, despite the extended waiting period. It requires a deep understanding of the sport and the competing teams or athletes, as markets such as these in Cricket, where margins can range from 8-12% on player bets, are subject to considerable variability.
Winner Market 5-8% vs Method of Victory 8-12%
In markets like Rugby, the winner market typically exhibits a margin between 5-8%. This means that for every 100 EUR wagered on all possible outcomes, the bookmaker expects to retain between 5 EUR and 8 EUR. This is a standard consideration for most sports betting, reflecting the inherent bookmaker's advantage.
However, when focusing on more specific bets, such as the 'Method of Victory' in MMA, the margin can increase to 8-12%. This implies a higher expected retention for the bookmaker on these niche markets compared to the general winner market. A bet on MMA with an 8-12% margin means the bookmaker's edge is more pronounced.
For high rollers, understanding this difference is crucial for optimizing betting strategies. For example, a 10 EUR bet on a Rugby match winner with a 5% margin will have a different theoretical return than a 10 EUR bet on the method of victory in an MMA fight with a 10% margin. The latter would offer the bookmaker a larger portion of the potential stake.
Sports, markets and margins in the betting offer
| Sport | Markets per Match | Margin | Live Betting | Highlight |
|---|---|---|---|---|
| Boxen | 25–50 Märkte pro Kampf | 5–8 % im Siegermarkt, 9–13 % bei Rundenwetten | ja | Favoriten oft unter Quote 1,20 |
| Basketball | 150–250 Märkte pro NBA-Spiel, inklusive Spielerwetten | 3–5 % bei Handicap und Über/Unter, 4–6 % Moneyline | ja | Handicap und Totals statt Siegwette |
| Tischtennis | 20–40 Märkte pro Match, meist Satz- und Punktewetten | 6–10 %, live häufig über 10 % | instant | Täglich hunderte Matches, stark live-lastig |
| Fußball | über 200 Märkte bei Top-Spielen, 60–100 in kleineren Ligen | 4–7 % im 1X2-Markt vor Anpfiff, 6–9 % live | ja | Drei Ausgänge, Unentschieden immer möglich |
| Volleyball | 40–80 Märkte pro Match der Top-Ligen | 5–8 % im Siegermarkt, 8–11 % bei Satzergebnissen | ja | Satzwetten und Punkte-Totals dominieren |
| Cricket | 80–150 Märkte pro Match, weniger bei T20-Ligen zweiter Reihe | 5–9 % im Siegermarkt, 8–12 % bei Spielerwetten | ja | Marge hängt stark vom Format ab |
| E-Sport (CS2, Dota 2, LoL) | 40–120 Märkte pro Match bei großen Turnieren, 10–25 bei kleinen Events | 4–7 % bei CS2-Top-Turnieren, 6–10 % bei Dota 2 und Nebenmärkten | ja | Map-Handicaps und Runden-Totals zentral |
| MMA | 30–60 Märkte pro Kampf, je nach Kartenposition | 5–8 % im Siegermarkt, 8–12 % bei Siegmethode | ja | Siegmethode und Rundenwetten sehr beliebt |
| Rugby | 60–120 Märkte pro Spiel der großen Ligen | 5–8 % im Hauptmarkt, 8–11 % bei Versuchsschützen | ja | Handicap wichtiger als reine Siegwette |
Outrights Settled Only After Months
Long-term bets, known as outrights, involve markets that are only settled after the conclusion of an entire season or tournament. For example, markets such as 'Winner of the League' or 'Top Goalscorer' fall into this category. These types of bets require patience as the outcome is not determined for an extended period.
In contrast to the immediate settlement of in-play bets, outright markets can span several months. This extended duration means that a bettor's capital remains tied up until the event's final resolution. This differs significantly from markets like 'Next Goalscorer' in a football match, which are resolved within minutes.
The extended settlement period for outrights means that bettors must be comfortable with their funds being inaccessible for a prolonged duration. This contrasts with the swift settlement of most other bet types, impacting immediate reinvestment opportunities.
Draw Doesn't Count for Asian Handicap
The Asian Handicap is a bet type that eliminates the possibility of a draw by handicapping one team with a fractional goal lead. For instance, a handicap of -0.5 means the favourite must win by any margin to cover the handicap. If the favourite wins by exactly one goal, a bet with a -1 Asian Handicap would be pushed, not won or lost.
This mechanism differs from the European Handicap where a draw remains a viable outcome. With an Asian Handicap of -1, a 1-0 victory for the favourite results in a stake refund (a 'push'). This provides a different risk-reward profile compared to traditional handicaps that include a draw option.
Understanding the rules of the Asian Handicap is crucial for managing risk and potential returns. A bet placed on an Asian Handicap of -1, for example, will result in a loss if the favoured team wins by exactly one goal, as this outcome is considered a push and the stake is returned.
What Doesn't Count for Both Teams to Score?
The 'Both Teams to Score' (BTTS) market typically focuses on whether each participating team will find the net at least once during regulation time. Bets on BTTS are generally settled based on the score at the end of the standard playing period, excluding extra time or penalty shootouts.
Markets that do not count towards a 'Both Teams to Score' bet often include events occurring after the regulation 90 minutes in football, such as goals scored in extra time or penalty shootouts. These additional phases of play are usually considered separate from the primary BTTS market.
Therefore, if a match proceeds to extra time and goals are scored, these do not typically influence the outcome of a 'Both Teams to Score' wager placed before or during regulation time. Bettors should always verify the specific terms for settlement, especially in cup competitions where extra time is common.
Driver Duels 3-5% vs Outrights 12-20%
In Formula 1 betting, 'Driver Duels' markets offer a lower bookmaker margin, ranging from 3% to 5%. These bets typically involve predicting which of two specified drivers will finish higher in a particular race. The reduced margin indicates more favourable odds for the bettor in these specific matchups.
Conversely, outright markets, such as predicting the overall race winner or championship winner, carry a significantly higher bookmaker margin, estimated between 12% and 20%. This higher margin reflects the increased complexity and broader scope of these long-term betting propositions.
The disparity in margins means that bettors seeking potentially better value might focus on Driver Duels, where the bookmaker's edge is smaller. This highlights the importance of understanding market-specific margins when formulating a betting strategy for motorsport events.
Formula 1: 60 to 120 Markets Per Race Weekend
A Formula 1 race weekend typically presents a comprehensive selection of betting markets, ranging from 60 to 120 distinct options. These markets cover a wide array of potential outcomes beyond just the race winner, including qualifying positions, fastest laps, and podium finishes.
This extensive offering allows for diverse betting strategies, accommodating various levels of risk and prediction. For example, alongside the main race winner market, bettors can wager on specific driver matchups or the number of retirements during the Grand Prix. The range of markets is generally broader for major events compared to smaller fixtures.
The availability of 60 to 120 markets per event signifies a deep level of engagement from bookmakers with Formula 1. This provides ample opportunities for bettors to find specific bets that align with their predictions and risk appetites throughout the race weekend.
CS2 4-7% vs Dota 2 6-10%
The margin for CS2 matches at top tournaments ranges from 4% to 7%, which is generally lower than the 6% to 10% margin observed for Dota 2 and other secondary markets. This difference suggests that bets placed on CS2 might offer slightly more favourable odds for the bettor. When comparing these figures, high rollers should note that this impacts the potential return on investment for each game.
A key factor in this margin disparity is the complexity and popularity of betting markets within each e-sport. Dota 2 often features a wider array of niche markets, contributing to a higher overall margin. For instance, while CS2 might focus on match winner and map handicaps, Dota 2's market depth can extend to specific in-game item purchases or hero picks, influencing the bookmaker's pricing strategy.
For high rollers, understanding these margin differences is crucial for long-term profitability. A 2% difference on a large stake can translate into significant financial impact over time. For example, a €1,000 bet on CS2 at a 4% margin might have a house edge of €40, whereas the same bet on Dota 2 at a 10% margin would incur a €100 house edge, highlighting the importance of market selection.
What margin is in round bets?
Round bets in sports like Eishockey can carry a margin ranging from 7% to 10%, which is higher than the main market margins. For example, while the main market might be 4-7%, bets on specific periods or periods within a game can see this increase. This structure incentivizes players to focus on the broader outcomes rather than granular period results.
In Eishockey, for instance, period bets are a common type of round bet, and their margins can be as high as 10%. This contrasts with the main market margin of 4-7%, indicating a significant difference in potential returns. High rollers should consider this when placing bets, as a higher margin directly reduces the potential payout on their stakes.
The higher margin on round bets is often attributed to the increased complexity and the bookmaker's need to account for a wider range of outcomes within a single game. For a €100 bet on a period with a 10% margin, the house takes €10, whereas a bet on the main market at 7% would see the house take €7, demonstrating the financial implication for players.
Tennis Has No Draw in Winner Market
The winner market for Tennis matches, encompassing ATP/WTA events, does not include a draw option, simplifying the betting landscape. This means that for every match, there are only two possible outcomes: a win for Player A or a win for Player B. This structure is unlike sports such as football where a draw is a standard outcome.
The margin for the Tennis winner market typically falls between 3% and 6%, which is competitive compared to other sports. While Challenger tournaments may have fewer markets overall (30-60 compared to 120-200 for ATP/WTA), the absence of a draw in the main winner market remains consistent. This consistency is beneficial for high rollers seeking straightforward betting opportunities.
This lack of a draw directly influences the odds offered, as bookmakers do not need to factor in a third outcome. Consequently, a €1,000 bet on a favourite at 1.50 odds in Tennis would yield €1,500, with a house edge of €30 to €60 depending on the exact margin. This contrasts with a sport with a draw, where the odds would need to be adjusted across three potential results.
Table Tennis Live Over 10% Instead of 6-10%
Table Tennis live betting margins can exceed 10%, a notable increase from the standard 6-10% margin observed in pre-match markets. This dynamic shift occurs due to the fast-paced nature of live Table Tennis, where hundreds of matches are available daily. High rollers will find that the rapid succession of betting opportunities requires careful margin management.
The higher live margin in Table Tennis is driven by the sheer volume and speed of events, making it a favourite for in-play betting. While standard markets might offer a 6-10% margin, live betting can push this higher to accommodate the increased risk and demand for quick settlements. This creates a distinct betting environment for those who prefer live action.
For a high roller placing a €1,000 bet on a live Table Tennis match with a 10% margin, the house edge amounts to €100. If the margin were to climb to 11%, this would increase to €110, demonstrating how even a small percentage point increase significantly impacts potential winnings over numerous live wagers. Players should always check the live odds for specific markets.
Rugby: 60 to 120 Markets Per Game
Rugby games in major leagues typically offer a broad spectrum of betting options, ranging from 60 to 120 distinct markets. This extensive selection caters to a variety of betting preferences, including those of high rollers who seek diverse avenues for their wagers. The depth of markets allows for strategic betting beyond just the match outcome.
The main market margin for Rugby sits between 5% and 8%, with specific markets like try scorers potentially reaching 8% to 11%. This means that for a €100 bet on the main outcome, the bookmaker's theoretical take would be between €5 and €8, while betting on a try scorer might see this increase to €8 to €11. These figures provide a clear view of the potential costs.
High rollers can leverage the wide array of markets and varying margins to their advantage. For example, understanding that try scorer bets might have a higher margin than outright match winners allows for informed decisions. A player might choose to bet on the main market to minimize the house edge, or explore niche markets with potentially higher returns if the odds are favourable despite the increased margin.
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