Betting Odds Explained | Sports Betting 101

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  • Опубліковано 4 лис 2024

КОМЕНТАРІ • 188

  • @ShaneHuang88
    @ShaneHuang88  Рік тому +20

    🏆 🏆 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 Рік тому

      anything for us UK people?

    • @aggelost3103
      @aggelost3103 Рік тому

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

    • @-Shane_huang88
      @-Shane_huang88 Рік тому

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

    • @mikerobin8410
      @mikerobin8410 Рік тому

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

    • @hoangnamphan487
      @hoangnamphan487 Рік тому

      Any thing for southest asia? Thanks for your videos

  • @0tto9
    @0tto9 6 місяців тому +123

    I am more confused than when I arrived.

    • @messifcb101
      @messifcb101 6 місяців тому +2

      😂😂

    • @jimsale9824
      @jimsale9824 6 місяців тому +3

      Same. This was not explained at a beginner level

    • @BryceCzirr-jz7ju
      @BryceCzirr-jz7ju 5 місяців тому +9

      Asian minds work different

    • @namesis3137
      @namesis3137 2 місяці тому

      Same

    • @temp229009
      @temp229009 2 місяці тому

      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.

  • @ilegendx5228
    @ilegendx5228 11 місяців тому +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.

  • @ojinwayoonyeze3864
    @ojinwayoonyeze3864 11 місяців тому +7

    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 11 місяців тому +5

      If you want to make money, don't gamble

    • @ambrose7196
      @ambrose7196 10 місяців тому +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 3 місяці тому

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

  • @ronan4442
    @ronan4442 Рік тому +31

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

    • @NursultanBekmuratov
      @NursultanBekmuratov Рік тому +1

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

    • @xevaded
      @xevaded Рік тому +7

      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 Рік тому +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 Рік тому

      @@xevaded 👌

    • @aggelost3103
      @aggelost3103 Рік тому

      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.

  • @MELMOIRS
    @MELMOIRS 2 місяці тому

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

  • @htx4k897
    @htx4k897 Рік тому +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! ⚽️?

  • @emmanuelvacakis4463
    @emmanuelvacakis4463 Рік тому +19

    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 Рік тому

      @luckyjet666 that’s why you bet against the money

    • @shxco4176
      @shxco4176 Рік тому +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 Рік тому

      @@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 Рік тому

      @@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 Рік тому

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

  • @viniciusconte896
    @viniciusconte896 4 місяці тому

    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?

  • @breannestahlman5953
    @breannestahlman5953 Місяць тому

    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.

  • @belius82
    @belius82 5 місяців тому +2

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

  • @Betting.Investment
    @Betting.Investment Рік тому +3

    Well explained! Keep making money betting!

  • @SD-ti5jc
    @SD-ti5jc 20 днів тому

    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

  • @hotsmissed9965
    @hotsmissed9965 Рік тому +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 Рік тому

      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 Рік тому +12

      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.

  • @redbirdsjunkie
    @redbirdsjunkie 8 місяців тому

    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?

  • @HarrisonHollers
    @HarrisonHollers Рік тому +7

    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!

  • @martingonzalez7949
    @martingonzalez7949 Рік тому +1

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

  • @destinationlimbo378
    @destinationlimbo378 Рік тому +1

    Great video! What editor do you use?

  • @davidnorman5488
    @davidnorman5488 Рік тому +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 7 місяців тому

      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

  • @marquisethomas5611
    @marquisethomas5611 9 місяців тому +1

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

  • @bread8586
    @bread8586 Рік тому

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

  • @betbeast9372
    @betbeast9372 Рік тому +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 Рік тому +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 11 місяців тому +1

      Over 1.5 mean 2 goals must be scored or above

    • @betbeast9372
      @betbeast9372 Місяць тому +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 Місяць тому

      @@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.

  • @jacopocamerlenghi1664
    @jacopocamerlenghi1664 Рік тому

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

  • @ddddog99
    @ddddog99 Рік тому +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?

  • @SK-iw5cx
    @SK-iw5cx Рік тому +1

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

    • @aggelost3103
      @aggelost3103 Рік тому

      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 Рік тому +1

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

  • @jonnyjai1314
    @jonnyjai1314 Рік тому +5

    decimal odds are the easiest to look at imo

  • @xubz_0738
    @xubz_0738 Рік тому

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

  • @Kipasa685
    @Kipasa685 2 місяці тому

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

  • @UnisaNotes
    @UnisaNotes 7 місяців тому

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

  • @namesis3137
    @namesis3137 2 місяці тому

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

  • @DFC931
    @DFC931 Рік тому +1

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

    • @MrKrusten
      @MrKrusten Рік тому +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 8 місяців тому

      @@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 7 місяців тому +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 10 днів тому

      @Bet365Fixed yes

  • @darnellnyc9479
    @darnellnyc9479 Рік тому +93

    No iron available for that shirt?

    • @reginoluga21
      @reginoluga21 11 місяців тому +5

      Cant afford to buy one

    • @keanurevees2180
      @keanurevees2180 11 місяців тому

      omg ahahahha like how can you even see that

    • @anime_everyday-sc2hr
      @anime_everyday-sc2hr 11 місяців тому

      😂

    • @firminofire9895
      @firminofire9895 11 місяців тому +17

      No manners available for that comment!?

    • @GeeqDoubt
      @GeeqDoubt 11 місяців тому +2

      he had to put (1) Iron in order to make $100 from a bet… best bookie odds ever!

  • @johnirving2797
    @johnirving2797 11 місяців тому

    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

  • @Fabricio70695
    @Fabricio70695 5 місяців тому

    thanks for this helpful video explaining odds

  • @wisdomsakala1477
    @wisdomsakala1477 11 місяців тому

    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

  • @ClydeElmers-fw3ir
    @ClydeElmers-fw3ir 6 місяців тому

    Well explained, great job

  • @DanVandeputte
    @DanVandeputte 9 місяців тому

    great! thanks for your explanation

  • @OmarBambino
    @OmarBambino Рік тому +1

    Great video brother ❤❤❤

  • @jonathanagyare522
    @jonathanagyare522 Рік тому +9

    Well explained, great job 🔥

    • @ShaneHuang88
      @ShaneHuang88  Рік тому +2

      Glad you liked it!

    • @krishna011000
      @krishna011000 Рік тому

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

  • @albiehamlin
    @albiehamlin 8 місяців тому +1

    What are the odds of him not having an iron

  • @mohammedshoabuddin7877
    @mohammedshoabuddin7877 Рік тому

    Is it possible to use Oddsjam software in Asian country?

  • @user-ph7fu6cb6i
    @user-ph7fu6cb6i 9 місяців тому

    thanks I have learned alot

  • @neo83849
    @neo83849 5 місяців тому

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

  • @degenbets
    @degenbets Рік тому

    Nice on Shane

  • @osmankhurasani
    @osmankhurasani 5 місяців тому

    great explanation

  • @ronchiles399
    @ronchiles399 Рік тому +1

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

    • @Hshjshshjsj72727
      @Hshjshshjsj72727 6 місяців тому

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

  • @Beatingthebookieswiththeirownn
    @Beatingthebookieswiththeirownn 9 місяців тому

    professional sports betting strategies

  • @realitynowassigned
    @realitynowassigned 3 дні тому

    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

  • @BeeHatz
    @BeeHatz 10 місяців тому

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

  • @wizardofodds-2929
    @wizardofodds-2929 Рік тому

    Good!

  • @visarmakolli2240
    @visarmakolli2240 Рік тому

    Can you do a course on Europe/sweden betting?

    • @krishna011000
      @krishna011000 Рік тому

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

  • @samtensherab
    @samtensherab Рік тому +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 ?

  • @United_Wings
    @United_Wings 5 місяців тому +1

    Thanks

  • @AlexS-rf1bq
    @AlexS-rf1bq 4 місяці тому +1

    I left even more confused 😂

  • @1billionfacts.officials
    @1billionfacts.officials 5 місяців тому

    Plot twist: 3.06 odds team won the match 😂😍

  • @hmazil8764
    @hmazil8764 Рік тому

    sir where can we have arbitarge bet in website or apps???

  • @samuyelushyam6634
    @samuyelushyam6634 6 місяців тому

    What is minus in both teams

  • @maloneshanefuentes5858
    @maloneshanefuentes5858 Рік тому +4

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

  • @hendrymunu
    @hendrymunu 9 годин тому

    am here for business

  • @NicholasVincent-ol1zk
    @NicholasVincent-ol1zk Місяць тому +1

    ¥en 10,000.00 +/-🥂

  • @RhysPeter-b8m
    @RhysPeter-b8m Місяць тому

    Billie Circles

  • @LijpeTracks
    @LijpeTracks 10 місяців тому

  • @truthsyrum4859
    @truthsyrum4859 4 місяці тому

    I'ma just pick winners

  • @thejanelankayer8608
    @thejanelankayer8608 Рік тому +1

    200k subs girlfriend reveal? 🥳

  • @WatTobey-f7n
    @WatTobey-f7n 28 днів тому

    Kaleigh Pike

  • @hendrixsinyangwe9990
    @hendrixsinyangwe9990 Рік тому

    okay

  • @MonikaLeedom-y9w
    @MonikaLeedom-y9w Місяць тому

    Fisher Station

  • @HaggaiJudy-e7u
    @HaggaiJudy-e7u 28 днів тому

    Hudson Station

  • @henroydisikhuemhen4656
    @henroydisikhuemhen4656 3 місяці тому

    Africa In a disadvantage on your tools

  • @luv2code
    @luv2code Рік тому

    Someone needs some chap stick.

  • @SalBrouillard-x7r
    @SalBrouillard-x7r Місяць тому

    Rodolfo Trail

  • @LeroyBurke-g2s
    @LeroyBurke-g2s Місяць тому

    Predovic Fall

  • @KHID_JR_TheRobot
    @KHID_JR_TheRobot 10 місяців тому

    4.75

  • @chrisking8579
    @chrisking8579 Рік тому

    American odds are so confusing

  • @cuzmariosaidso
    @cuzmariosaidso 5 місяців тому

    I learn my betting odds from an Asian

  • @anesthesiologist1914
    @anesthesiologist1914 8 місяців тому

    play Bc game recover loss

  • @martingonzalez7949
    @martingonzalez7949 Рік тому

    3 different rickets

  • @PhillmcCrakin
    @PhillmcCrakin 7 місяців тому

    I still don’t fucking understand

  • @purnamanshrestha6855
    @purnamanshrestha6855 Рік тому +1

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

  • @ShiponAhmed-i5r
    @ShiponAhmed-i5r Рік тому

    Hi

  • @reubenemoregan5997
    @reubenemoregan5997 Рік тому

    E doesn't work dat way bruh.
    Anyway kudos

    • @TheExclusiveOne720
      @TheExclusiveOne720 Рік тому

      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

  • @kaitoukid6856
    @kaitoukid6856 Рік тому

    iron your clothes brother

  • @TiffCat
    @TiffCat Рік тому

    rehashed content zzzzzzzzzzzz

  • @VSBGM-q6r
    @VSBGM-q6r Рік тому

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

  • @swim122minecraft
    @swim122minecraft Рік тому

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

  • @ilegendx5228
    @ilegendx5228 11 місяців тому

    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 11 місяців тому

    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 11 місяців тому

    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 11 місяців тому

    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.