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Are You Getting Betting Value ?  Quickly Work Out Bookmakers Betting Percentages and Betting Value For Football,Horse Racing,or Any Other Betting Option.This article will explain what betting value is and how to spot when you are being offered poor odds by the bookmakers. Betting odds offered by bookmakers is a mathematical equation  percentages. Bookmakers want as high a guaranteed percentage profit as they can get  and the higher the figure above 100% (break even) the higher their profit. Some bookmakers operate a profit margin as low as 2% ( i.e.102%) for some sports whilst other bookmakers build in a much higher profit margin. But how can you tell which bookmakers offer a good deal,and which bookmakers are taking advantage of your lack of understanding of betting ?  this article will let you quickly calculate the percentages for any event without having to keep consulting the tables provided by other betting sites. It is worth persevering to understand value in betting,and an old gambler told me this decades ago,but I have always remembered it ............... Anybody can back winners,but unless you get value you are wasting your time. Now,an explanation of how to spot value in betting odds.
Betting Percentages and Betting Value
Explained.
All regular punters should know basic facts like the odds to one £ for every price  if you know the odds to £1 then you know the odds to £10,or £100 (just move decimal point ),and £5 or £2.50 with just a simple mental calculation. If you don't know odds to £1 (or any currency) already,I suggest you get that done  it would only take a matter of a few hours to drum those returns in  lots of previous articles cover that aspect. Lets start with simple example (taken from leading bookmakers site when writing article)  a football match  3 betting options. Home 6/4 Draw 15/8 Away 9/5 To find the winning percentage for each option,all you need to do is divide the odds to £1 into 100. So 6/4 (100 divided by 2.5) = 40% 15/8 is 100 divided by 2.875 = 35% 9/5 is 100 divided by 2.8 = 36% Just add those percentages up and you get 111% betting margin  not great value (average is about 106%). ...... Another example  this time better value. Home 13/8 Draw 9/4 Away 9/5 13/8 (100 divided by 2.625) = 38% 9/4 is 100 divided by 3.25 = 31% 9/5 is 100 divided by 2.8 = 36% This time the punter gets better value for their bet at 105%. It's Just The Same Procedure for Decimal Odds. It is actually easier to work out value when taking decimal odds  no need to know the odds to a £1 stake  that is already done for you  just divide those decimal odds into 100 and that is the percentage take out for that horse or team. Let's do something harder  a horse race (again odds taken from leading bookmakers website when writing article) Betting percentages for 7 runner horse race. Looks a complicated procedure to work out percentage value  but just work out each price one at a time  put in memory on mobile phone calculator or tablet for each runner,and then collect full percentage for race  it will only take about 30 seconds when you do it regularly. 3 Arctic Gold 5/2  29% 1 L'aigle Royal 11/4  27% 6 Monetary Fund 7/2  22% 4 Crazy Jack 11/2  15% 2 Billfromthebar 10/1  9% 5 Church Field 12/1  8% 7 Floral Spinner 16/1  6% Total percentages  116 %. .......... Remember  the lower the percentage figure for any sporting event  the better value you are being offered. That's all there is to betting percentages  divide 100 by the odds to one unit (any currency)  add up the total for each participant  and that is how you find the percentage the bookmaker is offering you  simple!. By Pendil at SAFE BOOKMAKERS SITES.©This article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.End of article. . 
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