Betting Odds Explained | Sports Betting 101

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  • Опубликовано: 29 янв 2025

Комментарии • 197

  • @ShaneHuang88
    @ShaneHuang88  Год назад +24

    🏆 🏆 For those who do want to learn the trade and make money betting yourselves (like a pro trader), then you can check out my 5 - part sports betting course over on my website at:
    Australia/NZ: shanehuang.com.au/course/
    USA/Canada: arbitragecamp.com/usa-course/

    • @jonnyjai1314
      @jonnyjai1314 Год назад

      anything for us UK people?

    • @aggelost3103
      @aggelost3103 Год назад

      @@jonnyjai1314 There is if you still have your soft bookies accounts. Even better if you have lost money with them.

    • @-Shane_huang88
      @-Shane_huang88 Год назад

      ​@@jonnyjai1314 certainly there are some something similar for the UK. 👉📥👈 👆🏿👆🏿👆🏿

    • @mikerobin8410
      @mikerobin8410 Год назад

      ​@@-Shane_huang88 is there any email i can reach out to you?

    • @hoangnamphan487
      @hoangnamphan487 Год назад

      Any thing for southest asia? Thanks for your videos

  • @0tto9
    @0tto9 9 месяцев назад +190

    I am more confused than when I arrived.

    • @messifcb101
      @messifcb101 9 месяцев назад +3

      😂😂

    • @jimsale9824
      @jimsale9824 9 месяцев назад +4

      Same. This was not explained at a beginner level

    • @BryceCzirr-jz7ju
      @BryceCzirr-jz7ju 8 месяцев назад +13

      Asian minds work different

    • @namesis3137
      @namesis3137 5 месяцев назад

      Same

    • @temp229009
      @temp229009 5 месяцев назад

      For a better explanation, buy the book "The Logic of Sports Betting". It goes over all of this and includes a lot of very popular myths about betting.

  • @belius82
    @belius82 8 месяцев назад +18

    i knew you was a savage with it when i seen you didnt even iron your shirt lol

  • @herbertmuhangi-j7d
    @herbertmuhangi-j7d 2 месяца назад +5

    I have clearly understood this. Thanks. The smaller the odd the higher the chances of that team winning. If you meet a big odd then know the chances are very low of the team winning.

  • @MELMOIRS
    @MELMOIRS 5 месяцев назад +1

    thank u for this. this is what i've been missing to understand

  • @ronan4442
    @ronan4442 Год назад +35

    im still finding it almost impossible to find arbitrage oppurtunities, seems like all the bookies are working in tandem with eachother

    • @NursultanBekmuratov
      @NursultanBekmuratov Год назад +1

      It is easier to find them in obscure leagues and sports.

    • @xevaded
      @xevaded Год назад +9

      gotta use software like oddsjam which scans through all odds and finds opportunities since there’s millions of odds and you’re extremely unlikely to find them manually

    • @rellfromhell9346
      @rellfromhell9346 Год назад +1

      I have tried countless times to simulate different outcomes based on the bookies odds number using probability & realistic mathematical equations to predict successful outcomes with the favorites & UNDERDOGS, but it came to my conclusion that you have to bet to be prepared for every outcome not just bet to win you have to bet to lose…and that’s when the luck comes in…….or not haha

    • @Антинасилие
      @Антинасилие Год назад +1

      @@xevaded 👌

    • @aggelost3103
      @aggelost3103 Год назад

      That is not true, there are countless sure bets everyday but the problem is the bookies. Do not bother, even if you find opportunities you will get limited by them. In other words you cannot make serious money with arbs.

  • @ojinwayoonyeze3864
    @ojinwayoonyeze3864 Год назад +9

    This man sounds super intelligent, and deep in the knowledge.
    My worry is, often times this kind of people may not be able to translate knowledge into wealth for others.
    How do I profit from what u know sir? Please reply.

    • @jumpsmcgee
      @jumpsmcgee Год назад +5

      If you want to make money, don't gamble

    • @ambrose7196
      @ambrose7196 Год назад +1

      As the dude said, find prices that are lower than the odds and you've profited, theoretically.
      Do this hundreds of thousands of times, and the variance is gone and you profit.

    • @kducem
      @kducem 6 месяцев назад

      ​@@jumpsmcgeeIf you want money, dont invest, theres always a risk on it also dont save up money because you still lose some with inflation

    • @xshrmartii7711
      @xshrmartii7711 2 месяца назад

      Life is life. ​@@kducem

    • @groovy3443
      @groovy3443 2 месяца назад +1

      This mindset is a sure way to lose your money to guys like him

  • @Betting.Investment
    @Betting.Investment Год назад +3

    Well explained! Keep making money betting!

  • @OmarBambino
    @OmarBambino Год назад +1

    Great video brother ❤❤❤

  • @htx4k897
    @htx4k897 Год назад +1

    WISPRED Sports Group, youre nailing it with your predictions! Im amazed at how match insights can lead to financial rewards. Lets keep the wins coming! ⚽️?

  • @viniciusconte896
    @viniciusconte896 7 месяцев назад +1

    Sorry for my ignorance, but if the bookmaker price is the price shown in the platform, how do you know the fair price? Just through specific Betting Exchange platforms?

  • @jonathanagyare522
    @jonathanagyare522 Год назад +9

    Well explained, great job 🔥

    • @ShaneHuang88
      @ShaneHuang88  Год назад +2

      Glad you liked it!

    • @krishna011000
      @krishna011000 Год назад

      hi is there any time difference in online roulette (evolutionary gaming) between 2 countries

  • @ClydeElmers-fw3ir
    @ClydeElmers-fw3ir 9 месяцев назад

    Well explained, great job

  • @theuseraccountname
    @theuseraccountname 2 месяца назад +1

    I can easily understand that listed odds of 1.8 means 1 / 1.8, but I don't understand how the "American" system works. What does +500 / -1000 mean?

    • @nachobitchazz4888
      @nachobitchazz4888 2 месяца назад

      -1000 is 10 to 1; you must risk $1000 to win $100. @ +500 a $100 bet will win $500.

    • @theuseraccountname
      @theuseraccountname 2 месяца назад +1

      @@nachobitchazz4888 Thank you for the explanation.

  • @emmanuelvacakis4463
    @emmanuelvacakis4463 Год назад +21

    When you find a good deal, watch out. You are getting a good mathematical deal for a reason. Sports games are fixed. Therefore you should find bad deals and bet on them. These bookies and casinos are not stupid. When the worst team is a favorite, you should bet it. You should bet against the money. Games are fixed in many different ways. Baseball is fixed largely by the home plate umpire. Even one strike call on a bad pitch can make a huge difference. The Giants beat the Padres 7-4 on a homer by Yastrzemski. He hit it on a 3-1 pitch. I’m willing to bet that he doesn’t hit it on a 2-2 pitch. I understand that you can make money finding games that are offered at a huge variety of odds by betting the underdog at huge odds at one site, and betting the favorite at any other site that’s favored by the least amount. Sure you can win slowly that way regardless of the outcome. But it’s human nature to be greedy. The casinos are greedy. If they can intone the public to bet more heavily one one side, they will call it in and make that side lose. So if you can read into them, you can absolutely destroy them for a huge percentage overall.

    • @emmanuelvacakis4463
      @emmanuelvacakis4463 Год назад

      @luckyjet666 that’s why you bet against the money

    • @shxco4176
      @shxco4176 Год назад +2

      Show your overall profit then boss. But I do agree with your sentiment somewhat, for example the odds boost plays that seem like they are so free, however rarely hit…

    • @emmanuelvacakis4463
      @emmanuelvacakis4463 Год назад

      @@shxco4176 my brother has beaten the race track by betting on what looks to be bad bets to the public. He losses more often than he wins, but his wins more than makes up for his losses in the long run. I’ve gone with him several times to see that almost all his horses seem to be always close to winning. This is why he hits many exactas and trifectas. The race track takes nearly 20% of the money, so he should not even be close to winning in the long run. My point is that these sports games and races are fixed. So the way to beat them is to read into it and get into the minds of those who know ahead of time which side is winning.

    • @aggelost3103
      @aggelost3103 Год назад

      @@emmanuelvacakis4463 Bullshit simple and raw. There is only a very small percentage of races and matches that are fixed. 99% of them are random with their own implied probabilities. There are only 2 ways for someone to make sports betting profitable. Number 1 is work hard test and create math models to give you accurate fair odds and bet only on value odds. Number 2 is courtsiding but you need access to Betfair exchange and a guy in the stadium to gain 2-3 seconds edge and trade the market with large sums. Secong way is much easier but you need connections to make it happen.

    • @fitnessfreak5730
      @fitnessfreak5730 Год назад

      Brother can you explain about football betting...how can we win if we can understand the odds?

  • @destinationlimbo378
    @destinationlimbo378 Год назад +1

    Great video! What editor do you use?

  • @hotsmissed9965
    @hotsmissed9965 Год назад +2

    I didn't understand something, in American odds we have +333 which represent the profit you will make if you risk $100 but what about -125? it doesn't make sense because you will risk $125 to win $100 which will result in total payout of $225, and that doesn't match the decimal result which says that if you risk $100 you will get $80 in profit which result in a total payout of $180 !!! any explanation ???

    • @ronchiles399
      @ronchiles399 Год назад

      I just came across this video and was thinking the same thing. I've gone on several odds conversion payouts calculators and am feeling like an idiot or something is wrong. The payout should be 1.90.

    • @solcharms
      @solcharms Год назад +13

      You are not risking 125 though, therefore you are not winning 100. You are risking 100 and winning 80 (since 80 x 1.25 equals 100 or if you rearrange the equation 100 / 1.25 = 80).
      Simply put to calculate what you will win: +333 means multiply your bet by 3.33 and -125 means divide your bet by 1.25. Then, the return is this number + your original bet back of course. So 433 in the former and 180 in the latter.

  • @darnellnyc9479
    @darnellnyc9479 Год назад +95

    No iron available for that shirt?

  • @DanVandeputte
    @DanVandeputte Год назад

    great! thanks for your explanation

  • @breannestahlman5953
    @breannestahlman5953 4 месяца назад

    Never ever bet before:
    I thought I could bet on Tyson / Paul next fight.
    First video I watch about this subject, I'm totally new on this.
    And I must say that it is not as simple as I first thought.
    First wall is to be able to decipher odds: it is 100% not understandable at first sight.

  • @ilegendx5228
    @ilegendx5228 Год назад +3

    I used X2 to watch this and I like the fact I didn't understand it. Never bet before and scared to but desire to know how it works, yet scared to.

  • @Fabricio70695
    @Fabricio70695 8 месяцев назад

    thanks for this helpful video explaining odds

  • @Kipasa685
    @Kipasa685 5 месяцев назад

    Im glad i found this vid and realised how stupid i am ....thank you shane 😂

  • @DFC931
    @DFC931 Год назад +1

    Is there any way to beat the bookies with their own odds? Calculating true odds using only their probability?

    • @MrKrusten
      @MrKrusten Год назад +1

      That doesnt make sense. How can you calculate true odds based on one set of odds. +EV Odds are calculated by taking the odds from a bunch of very sharp bookies and comparing them to soft bookies. You cant know the true odds by just looking at soft bookie odds, because soft bookie odds are by default not true

    • @TheScoobyRawShow
      @TheScoobyRawShow 11 месяцев назад

      @@MrKrustenyou got a great point but there are trends and tells within the sports book lines for some dfs that give you tips on who to pick to win

    • @TheWizardGamez
      @TheWizardGamez 10 месяцев назад +1

      The bookie is just an intermediary. This is like saying, is there a way to beat the broker. He’s just there to get you shares. It’s a service and you have to pay the toll. Now, with online sports betting, the overhead is lower so you have less bookie(broker) costs. Like how robinhood changed investing. Anyway. Stop gambling

    • @DFC931
      @DFC931 3 месяца назад

      @Bet365Fixed yes

  • @SD-ti5jc
    @SD-ti5jc 3 месяца назад

    How does an odds compiler formulate the price in an Asian handicap market ..for example, team B are win 3/1 away from home but you want to bet on +1 goal .,. how is the new price formulated is a predetermined percentage that you take off the original price any input will be appreciated

  • @albiehamlin
    @albiehamlin 11 месяцев назад +1

    What are the odds of him not having an iron

  • @martingonzalez7949
    @martingonzalez7949 Год назад +1

    what does it mean, if my parley ticket says .. pk or -3-110 or +300?

  • @jonnyjai1314
    @jonnyjai1314 Год назад +5

    decimal odds are the easiest to look at imo

    • @knowitall3892
      @knowitall3892 Год назад

      Yea agreed

    • @getit9092
      @getit9092 11 месяцев назад

      yeah i still dont understabd american

  • @degenbets
    @degenbets Год назад

    Nice on Shane

  • @jacopocamerlenghi1664
    @jacopocamerlenghi1664 Год назад

    Can I buy your course even if I live in Italy? Or its specifically for us betting strategies?

  • @SK-iw5cx
    @SK-iw5cx Год назад +1

    Please make a video on upcoming WIMBLEDON and chances of Arbitrage bets on this tournament

    • @aggelost3103
      @aggelost3103 Год назад

      Forget about arbitrage, you will get limited by companies so do not waste your energy and time there, it does not worth it.
      If you cannot make money in the exchange markets it is not worth you energy and effort.

    • @SK-iw5cx
      @SK-iw5cx Год назад +1

      @@aggelost3103 just stake with round figures don't use after decimal amount , you will never get restricted for sure 👍

  • @marquisethomas5611
    @marquisethomas5611 Год назад +1

    I actually came here to see how to convert a American odd to a percent

  • @UnisaNotes
    @UnisaNotes 10 месяцев назад

    Wait guys the betshare where can I get that comparison I like it

  • @davidnorman5488
    @davidnorman5488 Год назад +1

    Why is there so little focus on actually spotting trend in the game/teams? When you start out searching for a pay less to the bookie "strategy" instead of knowing what is happening in the games, it won't work. The assumption is that you are only going to get 50% of your bets (big money)right so focus on the small money?!

    • @achillesmichael5705
      @achillesmichael5705 10 месяцев назад

      bruv all the knowledge you could possibly gain by doing research is priced in. as he said at the end f the video, the only winning strategy is to collect bonuses or other promotions

  • @namesis3137
    @namesis3137 5 месяцев назад

    I don’t think this is for the beginner or should we need to take some math class in order to understand this

  • @betbeast9372
    @betbeast9372 Год назад +1

    What if i bet on over/under Goals
    Example: Liverpool vs West ham
    Over 1.5 Goals @2.3
    Since there is only 2 outcomes fair odds would be 2.0 correct?
    So backing at 2.32 would be a value bet or am i wrong?

    • @aggelost3103
      @aggelost3103 Год назад +1

      You are wrong! If it was that simple we all would live from betting, however only a very small percentage succeed.
      If your example was true then yes that would be a value bet. But saying every market with 2 outcomes is decimal 2.00 fair odds is not correct. If you ever find 2.30 decimal in a Premier League match in over 1.5 market i suggest you to bet your whole life lol. It will never happen...

    • @wisdomsakala1477
      @wisdomsakala1477 Год назад +1

      Over 1.5 mean 2 goals must be scored or above

    • @betbeast9372
      @betbeast9372 4 месяца назад +1

      @@aggelost3103 Live betting it does
      before match odds is typical 1.25 for over 1.5 goals but why would you ever bet that when it's not a fair price?
      so waiting for the halftime 0-0 and then odds should be above 2 which should be value now??

    • @aggelost3103
      @aggelost3103 4 месяца назад

      @@betbeast9372 Still not correct but thanks you remembered to reply to me after 1 year lol. If you do not have accurate model to calculate true odds per minute in a football game forget about profiting in the Exchanges.
      Many guys are professionals in the Exchanges so ask yourself if you can do better than them.
      The answer is no, so you need to learn much more to be able to profit in the markets. A good start is to pay for a value bet service and hit your soft bookies first.
      But exchanges as i said is a very different story.

  • @johnirving2797
    @johnirving2797 Год назад

    can someone explain the math on 3:56 i dont get it.
    i got $5.04 instead of $5.01
    i multiplied (55.6 x 1.8) - (52.8 x 1.8) = $5.04
    i dont kno where $94.99 or $5.01 came from

    • @ash_17406
      @ash_17406 2 дня назад

      Not sure why you needed to multiply 55.6 by 1.8 again - you already divided 1/1.8 to convert the odds to percentages. But I think you're still right, if you pay $100 for a 55.6% chance but it's really only a 52.8 chance, then you've paid $100 for 52.8/55.6 = 94.96 so you lost 5.04 rather than 5.01.

  • @redbirdsjunkie
    @redbirdsjunkie 10 месяцев назад

    What does it mean in American Odds if both numbers are negative?
    For example, tomorrow 03/07/24 the Celtics play the Nuggets and Jaylen Brown's points line currently says Over 21.5 -120 / Under 21.5 -110 on DraftKings.
    How would both lines be favorites? Does this imply that he's a favorite to go over 21.5 but a better favorite to go under 21.5?

  • @user-ph7fu6cb6i
    @user-ph7fu6cb6i Год назад

    thanks I have learned alot

  • @HarrisonHollers
    @HarrisonHollers Год назад +8

    Searched “betting odds explained.” A video with a pretty blond appeared 1st. Shane’s video appeared 2nd. Obviously I clicked on Shane. Call it a hunch.
    Bet with your head not your heart!

  • @xubz_0738
    @xubz_0738 Год назад

    WISPRED Sports Group, youre rocking the match prediction game! The financial gains through your insights are mind-blowing. Lets keep celebrating wins! ??

  • @bread8586
    @bread8586 Год назад

    When will your video on you vs papaya on the Ext2 HSC be out?

  • @osmankhurasani
    @osmankhurasani 8 месяцев назад

    great explanation

  • @wisdomsakala1477
    @wisdomsakala1477 Год назад

    In Africa so far so good we don't risks alot of money instead we add lots of team in one slip maybe 15 team less stake the strategy always works. Betting is easy money in Africa

  • @United_Wings
    @United_Wings 8 месяцев назад +1

    Thanks

  • @ronchiles399
    @ronchiles399 Год назад +1

    Please do video on the mah used at a slightly slower rate.

    • @Hshjshshjsj72727
      @Hshjshshjsj72727 8 месяцев назад

      For mentally handicapped can slow down youtube videos like .75 or .50 upper right corner if mobile app ⚙️

  • @mohammedshoabuddin7877
    @mohammedshoabuddin7877 Год назад

    Is it possible to use Oddsjam software in Asian country?

  • @ddddog99
    @ddddog99 Год назад +8

    Hey Shane, is there a way to get in contact with you to shortly discuss an all-in-one arbitrage solution that was developed for betting community?

  • @samuyelushyam6634
    @samuyelushyam6634 9 месяцев назад

    What is minus in both teams

  • @wizardofodds-2929
    @wizardofodds-2929 Год назад

    Good!

  • @neo83849
    @neo83849 8 месяцев назад

    What does this young Man's Ethnicity have to do with his knowledge on the Subject??????

  • @realitynowassigned
    @realitynowassigned 2 месяца назад

    If it took you 100k in bets to win 16k on a 200$ deposit that means youre going to be taxed on 100k to win 16

  • @visarmakolli2240
    @visarmakolli2240 Год назад

    Can you do a course on Europe/sweden betting?

    • @krishna011000
      @krishna011000 Год назад

      hi is there any time difference in online roulette (evolutionary gaming) between 2 countries

  • @TheRealBeeLucky
    @TheRealBeeLucky Год назад

    watching this for my valheim arena im building on a my server with my friends lol

  • @AlexS-rf1bq
    @AlexS-rf1bq 6 месяцев назад +1

    I left even more confused 😂

  • @Beatingthebookieswiththeirownn

    professional sports betting strategies

  • @1billionfacts.officials
    @1billionfacts.officials 8 месяцев назад

    Plot twist: 3.06 odds team won the match 😂😍

  • @maloneshanefuentes5858
    @maloneshanefuentes5858 Год назад +4

    If you Predict the betting its still you cannot find who will gonna win. No man can understand what future lies ahead

  • @samtensherab
    @samtensherab Год назад +1

    Great video but this is just a basic maths, nothing new to learn here. Can you teach us how to get an actual profit ?

  • @RhysPeter-b8m
    @RhysPeter-b8m 4 месяца назад

    Billie Circles

  • @hendrixsinyangwe9990
    @hendrixsinyangwe9990 Год назад

    okay

  • @hendrymunu
    @hendrymunu 2 месяца назад

    am here for business

  • @martingonzalez7949
    @martingonzalez7949 Год назад

    3 different rickets

  • @chrisking8579
    @chrisking8579 Год назад

    American odds are so confusing

  • @NicholasVincent-ol1zk
    @NicholasVincent-ol1zk 4 месяца назад +1

    ¥en 10,000.00 +/-🥂

  • @LijpeTracks
    @LijpeTracks Год назад

  • @SalBrouillard-x7r
    @SalBrouillard-x7r 4 месяца назад

    Rodolfo Trail

  • @henroydisikhuemhen4656
    @henroydisikhuemhen4656 6 месяцев назад

    Africa In a disadvantage on your tools

  • @truthsyrum4859
    @truthsyrum4859 7 месяцев назад

    I'ma just pick winners

  • @HaggaiJudy-e7u
    @HaggaiJudy-e7u 3 месяца назад

    Hudson Station

  • @thejanelankayer8608
    @thejanelankayer8608 Год назад +1

    200k subs girlfriend reveal? 🥳

  • @KHID_JR_TheRobot
    @KHID_JR_TheRobot Год назад

    4.75

  • @MonikaLeedom-y9w
    @MonikaLeedom-y9w 3 месяца назад

    Fisher Station

  • @luv2code
    @luv2code Год назад

    Someone needs some chap stick.

  • @ShiponAhmed-i5r
    @ShiponAhmed-i5r Год назад

    Hi

  • @cuzmariosaidso
    @cuzmariosaidso 8 месяцев назад

    I learn my betting odds from an Asian

  • @WatTobey-f7n
    @WatTobey-f7n 3 месяца назад

    Kaleigh Pike

  • @anesthesiologist1914
    @anesthesiologist1914 10 месяцев назад

    play Bc game recover loss

  • @LawsonBelle-c9w
    @LawsonBelle-c9w 3 месяца назад

    Towne Point

  • @LeroyBurke-g2s
    @LeroyBurke-g2s 4 месяца назад

    Predovic Fall

  • @purnamanshrestha6855
    @purnamanshrestha6855 Год назад +1

    This person is a scammer . This thief took my 3 lakhs .......

  • @PhillmcCrakin
    @PhillmcCrakin 10 месяцев назад

    I still don’t fucking understand

  • @kaitoukid6856
    @kaitoukid6856 Год назад

    iron your clothes brother

  • @reubenemoregan5997
    @reubenemoregan5997 Год назад

    E doesn't work dat way bruh.
    Anyway kudos

    • @TheExclusiveOne720
      @TheExclusiveOne720 Год назад

      Could you kindly say how "does" work?
      I ask that because if someone is going to be quick to say how something "doesn't" work then they should be quick to follow it up with how it "does" work

  • @TiffCat
    @TiffCat Год назад

    rehashed content zzzzzzzzzzzz

  • @VSBGM-q6r
    @VSBGM-q6r Год назад

    Shoutout to WISPRED Sports Group for their amazing predictions! Who knew enjoying matches could lead to financial success? Lets keep rocking! ??

  • @swim122minecraft
    @swim122minecraft Год назад

    Shane, your arbitrage betting videos are top-notch! You might enjoy what @FOREProtocol is bringing to the market betting space.

  • @ilegendx5228
    @ilegendx5228 Год назад

    I used X2 to watch this and I like the fact I didn't understand it. Never bet before and scared to but desire to know how it works, yet scared to.

  • @ilegendx5228
    @ilegendx5228 Год назад

    I used X2 to watch this and I like the fact I didn't understand it. Never bet before and scared to but desire to know how it works, yet scared to.

  • @ilegendx5228
    @ilegendx5228 Год назад +7

    I used X2 to watch this and I like the fact I didn't understand it. Never bet before and scared to but desire to know how it works, yet scared to.

  • @ilegendx5228
    @ilegendx5228 Год назад

    I used X2 to watch this and I like the fact I didn't understand it. Never bet before and scared to but desire to know how it works, yet scared to.