Sports Betting Odds Explained For the novice sports bettor, understanding how sports betting odds work can be one of the most confusing sets of numbers you've ever dealt with. For those who have just started betting on sports, to know how the odds work is of key importance for. Betting Odds Explained. Probability = 1/1.76 x 100 = 56.818%. Probability = 1/2.64 x 100 = 37.879%. As you can see in these two examples, calculating probability from the odds is simple. Now that you know how to convert odds into probabilities, it’s time to understand how the bookmakers protect.

When you’re new to the sports betting world the range of different markets and bet types can be overwhelming. The 1X2 market is exactly that. What even is it? It’s a valid question because it basically looks like a meaningless piece of code. It’s not, it’s actually very simple and here we explain exactly what it is.

What is 1X2 betting?

1X2 betting is simply betting on the outcome of a fixture and is often referred to as match result betting. This means you simply have to predict whether the game finishes as a home win, away win or draw.

We can hear you ask what the 1X2 mean. Well, generally speaking your betting odds will be laid out in three columns – ‘home’, ‘draw’ and ‘away’. The 1X2 correlates directly to this:

1 = home win
X = draw
2 = away win

How do the odds work?

1X2 bets explained with examples including calculation of total return and profits Traditional 1×2 betting with an example When you ask what is 1×2 betting, you will find that this betting style has been referred to by different names by different online bookmakers. The Full Time Result betting market is also known as 1x2 and this remains the most popular option when it comes to a football match. It’s a very simple case of choosing between the home team (1), the away team (2) or the draw (x) when it comes to placing a bet. BETTING ODDS EXPLAINED. There are certain things a good punter has to master. Actually the list is quite long as sports betting is a very serious occupation, but some points are just of crucial importance. Probably the most essential of them is to understand the odds.

Before we look at calculating your potential returns you need to understand what wins you your bet. Thankfully, it is easy to explain.

If you back the home team (1) and the hosts win then so do you. A draw (X) or an away win (2) means you lose. Equally, if you back the away team (2) then they have to win for you to win and, again, if you bet on a draw (X) then the match must end with teams sharing the spoils for you to win your bet.

So, let’s look at the odds. Each match outcome has a price against it with your returns calculated as below:

Odds x Stake = Potential Return

An example 1X2 bet

For our example, we’ll look at the Premier League leaders Liverpool and their trip to Southampton on Monday.

With STS Bet, the current odds are as below:

Southampton (home i.e. 1) are priced at 4.75.

The draw (draw i.e. X) is priced at 4.20.

Liverpool (away i.e. 2) are priced at 1.67.

If you were to bet a £10 stake on Liverpool to win then your returns are calculated as below:

£10 x 1.67 = £16.70

1x2 Odds Explained Meaning

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

Why is the 1X2 market so popular?

The 1X2 betting is the most popular market in football betting. Why? Well, for starters, it’s one of the more old fashioned approaches to placing a bet in terms of ‘I bet team A will win the game’ but beyond that it’s a market that appeals hugely to more experienced bettors and professional punters alike. The reason for this is because analysis can quickly be completed to understand whether or not there is ‘value’ in the odds being offered. Where we reference analysis, it’s perhaps wise to think of this as research.

An example

Let’s take the Southampton versus Liverpool example again. A simple look at home and away tables will tell you that, as of the time of writing, the performance of both sides reads as below:

So far this season, Southampton have played eight league games at St Mary’s. They’ve won four, drawn one and lost three.

Liverpool meanwhile have played eight on the road losing just once with five draws and two wins to their name.

The other quick reference you can look at is how the teams have fared against one another. In the head to head record, you have to go back to 2016 for the last time Southampton avoided defeat against Liverpool in the Premier League on home turf.

You can dig deeper than this if you wish by looking at more recent form e.g. Liverpool will likely be extra keen to win in order to bounce back after being held by Newcastle and team selections as kick off nears e.g. Southampton are much less likely to trouble Liverpool if Danny Ings isn’t in the team.

1x2 Odds Explained Vs

Can 1X2 wagers only be placed as single bets?

No. That’s another beauty of the 1X2 bet. You can combine multiple 1X2 bets to form doubles, trebles and accumulators to supercharge your potential returns.

There you have it, our guide to the 1X2 bet.

Good luck and bet safe.