Video Summary

When it comes to soccer betting, bookmakers set odds based on a team's expected gain or margin of victory, taking into account factors like head-to-head matches, current form, and absences. Odds are also influenced by market movement and statistical analysis. In decimal format, odds represent a team's probability of winning, with a higher decimal value indicating a higher probability. For example, in a match between Napoli and Torino, Napoli was given high odds despite being at home because the expected win or defeat margin was slim.

To convert odds to probability, you can divide 1 by the decimal odds and multiply by 100. For instance, in a match between Everton and Manchester United, if the odds are 1.92, you can divide 1 by 1.92, multiply by 100, and arrive at a 52.8% likelihood of Manchester United winning. This method can also be used to calculate the probability of a draw or Everton winning. Keep in mind that the addition of these probabilities may exceed 100%.

Conversely, you can convert fraction odds to decimal by dividing 1 by the fraction, adding 1, and then multiplying by 100. Recognizing games with value bets requires understanding odds and probability, but ultimately, the outcome on the pitch is what matters. By learning about odds, you can improve your decision-making when it comes to placing bets.