Bets and odds

The higher the odds, the lower the probability of the outcome they represent, and vice versa. A bet with high odds has a smaller chance of winning but can bring the player a larger profit.

Odds reflect the probability of opposite outcomes of an event and also include the bookmaker’s commission. Today, bookmaker companies use specialized software from reputable developers to generate the base odds.

Bookmakers do not provide an option to simply cancel a confirmed bet. Be careful when confirming your wager in the bet slip — make sure you are confident in your choice and have filled out the slip correctly. As an alternative to cancellation, many online bookmakers offer a cash-out option that allows you to sell your bet back before the event is over.

The surebet (arbitrage bet) involves placing two bets on opposite outcomes that guarantee a profit regardless of the result. Such situations occur due to differences in odds between bookmakers. The corridor bet is a wager on different outcomes with built-in risk protection, but unlike surebets, it still carries a chance of loss. The ladder is a betting strategy in which the stake amount gradually increases based on the bettor’s current profit.

Pre-match (or pregame) refers to placing bets on a sporting event before it starts. Live (or in-play) betting, on the other hand, means placing wagers while the game is already in progress.

Yes, esports is officially recognized as a sport in many countries, and bets on esports events are accepted even by licensed bookmakers.

A beginner should focus on sports they already understand well as a fan. It’s best to choose popular options like football, hockey, tennis, or basketball, where the betting lines are more detailed and the bookmaker’s margin is lower compared to less common sports.

A free bet is a type of bonus commonly offered by bookmakers. It allows players to place a wager without using their own money. Each free bet comes with specific terms and conditions, such as validity period, amount, eligible sports and odds, and wagering requirements.

The financial term ROI stands for “Return on Investment.” The formula is: net profit / total amount of bets * 100%. If a player is in profit, their ROI will be positive.

A system is a type of wager that includes several accumulator bets. The player selects multiple outcomes and sets the size of accumulators smaller than the total number of selections. When calculating a system, the bookmaker evenly distributes the total stake among all possible accumulator combinations.

A handicap is a type of bet that gives one side a predetermined advantage in a specific aspect of the game. Handicaps can be applied to goals, points, corners, aces, fouls, and other statistics. They may be expressed as half, whole, quarter, or zero values and can be either positive or negative.