п»їBet Calculator - Calculate your betting odds.
Whether you are new to the world of betting or somewhat of an old hand when it comes to having a flutter every now and again, you will undoubtedly be aware of the sheer range of options at bookmakers like Betfair and Paddy Power when it comes to having a bet.
While putting money on a horse winning a race may sound like a relatively straightforward matter, there is a wide range of bets available. For example, are you planning to keep it simple with a single bet on one race? Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator?
Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet – or combination of bets – that works best for you.
In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance.
What is an odds calculator?
On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful.
Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make. This could be anything from a single to a Yankee to Super Heinz or an accumulator. Once you’ve provided this information, you will then be asked to enter the odds on your bet and also the stake that you’ve placed on it. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article.
You will then repeat that process however many times is necessary – for example, if you have placed multiple bets – and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play. The latter offers compensation in the event that a horse withdraws from a race after a bet is placed.
Clear benefits.
After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful.
Choose your each-way terms with the odds calculator – these vary based on the number of runners and the type of race.
As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets. The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made.
Fractions vs decimals.
For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too. The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings. For example, if you place a ВЈ1 bet on a horse with odds of 4.00, you will get a return of ВЈ4.
While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. When it comes to decimal odds, your stake is always factored into the return that you calculate but this is not the case when following the fraction method. In terms of the latter, if you put £1 on odds of 4/1 you will receive £4 in profit but also get your £1 stake back too – so £5 in total. As such, the fraction allows you to work out your winnings, but you will also need to factor in that your stake will also be returned to you as well.
A better understanding.
It goes without saying that a huge number of people across the globe love betting on horse racing with bookmakers like Betfair and Paddy Power , whether they are attending race meetings in person, following the action on TV, or online via streaming services. You can get free Timeform tips for every British and Irish horse race and free Infogol tips on Europe's biggest football leagues. However, it is also true that some can find it a complicated world to navigate around and they often want a bit of a helping hand to get started.
Whatever your level of experience, taking some time to gain a better understanding of how the different formats for odds work can be an important step towards making informed decisions on your betting. Furthermore, the use of odds calculators can help you fully understand how specific combinations of bets could put you on the path towards winning big and also ensure you are fully aware of the winnings that you are due.


Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
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Betting Odds Calculator.
Bet Calculator.
Wager.
Return.
The money you get back if you win.
To Win.
The profit you make if you win.
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A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
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Calculate how much money you stand to win per wager with our betting odds calculator. It definitely comes in handy when placing bets on Monday Night Football!
A bet calculator is an absolute necessity in the arsenal of any serious bettor. The sports betting calculator allows users to simplify some of the more complicated math and get quick and precise calculations of odds and potential winnings.
To learn more about how to use a betting calculator and the different odds formats available for sports betting read below.
How To Use A Betting Odds Calculator.
A betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically. Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds.
There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. Each type of odds requires different calculating methods when using a sports betting odds calculator.
You can also have a look at our odds converter!
American Odds.
Profit = (Stake * Odds) / 100.
Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator:
Profit = (50 * 275)/100 Profit = 13750/100 Profit = $137.50.
When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. So if we took the same example and gave the Boston Red Sox odds of -140, it would represent the fact you would have to wager $140 to make a profit of $100. To calculate the profit for an American minus odds you may use the formula:
Profit = (Stake / Odds) * 100.
So if the Red Sox were getting -140 odds and you were going to wager $50 on them the betting calculator calculation would go like this:
Profit = (50 / 140) * 100 Profit = (0.357) * 100 Profit = $35.7.
When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest.
Decimal Odds.
Decimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. With decimal odds, you get the sum of the amount you would get in return for a $1 bet.
At most online sportsbooks like BetRivers or bet365, you can switch to this format if you prefer.
For example, let’s take a basketball game between the Los Angeles Lakers and Boston Celtics. If the Lakers were getting 2.50 odds for the game, it would mean that for every $1 you bet on the team you would get $2.50. To break it down, you would receive your stake back as $1 and another $1.50 in profits.
Calculating the potential earnings for decimal odds is very simple. You simply multiply your stake by the odds and then subtract your stake.
Profit = (Stake * Odds) – Stake.
Let’s take a look at the above example with a stake of $50.
Profit = (50 * 2.50) – 50 Profit = (125) – 50 Profit = $75.
While the calculations for decimal odds may seem very easy when the profits for accumulator bets are being calculated it’s best to use a betting odds calculator to ensure your accuracy. An odds calculator will automatically work out the odds of all the wagers combined and give potential winnings for parlay bets in seconds.
Fractional Odds.
Fractional odds are popular in the European region, especially amongst horse racing bettors in the UK and sometimes for Daytona 500 betting. With fractional odds, you are given the profit in proportion to the stake. So for example, if we had a matchup between the Dallas Cowboys and Washington Redskins where the Cowboys were getting 3/2 odds, it would mean that for every $2 you bet, you would get $3 in profit.
The way a betting odds calculator calculates the profits for a fractional odds bet is by dividing your stake by the denominator and then multiply the stake by the numerator:
Profit = (Stake / denominator) * numerator.
Taking the example mentioned above, if we add a stake of $100 to the Cowboys who are getting 3/2 odds, then the bet calculator calculation would go like this:
Profit = (100 / 2) * 3 Profit = (50) * 3 Profit = $150.




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п»їGlobal Sports Betting Market Worth $85 Billion in 2019 - Industry Assessment and Forecasts Throughout 2020-2025.
The sports betting market was valued at US$85.047 billion in 2019.
The sports betting market is projected to witness considerable growth primarily on account of the inclination of the governments of numerous countries towards the legalization of sports betting. Furthermore, the rising penetration of various legal online platforms in some countries is also further supplementing the sports betting market growth in the near future.
The market is also poised to grow on account of the rising popularity of international sports events around the globe coupled with the increasing popularity of high-end sports such as cricket, soccer, baseball has gained a lot of traction in the past years, which has led to a decent increase in the sponsorships for clubs, teams, players.
Additionally, the rising investments by numerous sports organizations in marketing and promotional activities have led to increased investments by major betting companies in providing sponsorships for sports teams around the globe. Thus, the rising commercialization of sports events is considered to be a key factor that is expected to positively impact the market growth during the next five years.
The rising consumer expectations have led to the constant participation of key players of the market in the form of partnerships, collaborations, agreements, and R&D for the launch of various platforms to cater to the rising consumer expectations. For instance, recently in June 2020, Sportech PLC a leading market player in the gaming technology industry of the world announced its strategic partnership with a French gaming operator ZeTurf, the aim of this partnership was to deliver attractive and alternative options for betting on French racing.
Similarly, in May 2020, the company announced a successful launch of Tote Betting services in Moscow for client Pari Engineering Rus. Furthermore, the growing partnerships between high end-resorts and casinos with leading market players for availing their services also shows the potential for the market to grow in the near future.
For example, in February 2020, William Hill, a leading sports betting company entered into a long-term partnership agreement with the Grand Traverse Band of Ottawa and Chippewa Indians (GTB), a federally recognized Indian tribe for exclusively providing online sports betting and online casino gaming throughout Michigan. Also, during the same month, the company also entered into a partnership with CBS Sports with an aim to increase the reach to millions of new sports fans and fantasy players by extending its leadership in sports betting content.
Moreover, in February 2019, Churchill Downs Incorporated entered into a partnership agreement with Golden Nugget Casino for the launch of its BetaAmerica online real-money sports betting and online casino platform in New Jersey.
However, the sports betting market may be restrained by the fact that still sports betting is considered to be an illegal activity in some parts of the world. Also, the recent outbreak of the novel coronavirus is expected to be a major factor inhibiting the market growth during the short run as the intense outbreak has led to enforcement of directives by the WHO such as social distancing and quarantine measure in almost every country of the world.
This has led to the temporary suspension or cancellation of all the major sports events at international, regional, and national levels that include, football, hockey, marathons, cricket, basketball, and more. This is considered to be one of the prime factors that is projected to hamper the market growth for the next ten to eleven months.
Growing legalization is offering lucrative opportunities.
One of the major factors that is propelling the market growth opportunities is the rising government initiatives for the legalization of sports betting with an aim for the generation of revenue. For instance, in 2018 sports betting for the first time was legalized in New Jersey. Furthermore, the inclination of governments of various developing countries such as India and Brazil among others to tap the potential of revenue that the sports betting industry holds is considered to be a prime opportunity for the market to grow in the near future. For example, in 2018, the Law Commission of India stated in its report the recommendations for legalizing sports betting in the country.
The global sports betting market has been segmented on the basis of platform, sport, and geography. By platform the segmentation of the market has been done on the basis of online and offline. By sport the market has been classified into cricket, FIFA, horse racing, and others. Geographically, the segmentation of the sports betting market has been done into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Online segment to witness a decent growth.
By platform, the online segment is projected to witness a healthy growth during the next five years. The rapid internet and smartphone penetration coupled with the launch of new online betting platforms are some of the key factors bolstering the growth of this segment throughout the forecast period.
Europe to hold a notable share.
Geographically, the European region is anticipated to hold a substantial share in the market throughout the forecast period primarily on account of the legalization of betting in several European countries. Also, investments by players in countries of this region for expansion of services further supplement the market growth in Europe during the next five years.
Competitive Insights.
Prominent key market players in the Sports Betting market the 888 Group, Kindered Group plc, Wiliam Hill PLC, and Churchill Downs Incorporated among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the Sports Betting market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Key Topics Covered.
1. Introduction 1.1. Market Definition 1.2. Market Segmentation.
2. Research Methodology 2.1. Research Data 2.2. Assumptions.
3. Executive Summary 3.1. Research Highlights.
4. Market Dynamics 4.1. Market Drivers 4.2. Market Restraints 4.3. Porters Five Forces Analysis 4.4. Industry Value Chain Analysis.
5. Sports Betting Market Analysis, By Platform 5.1. Introduction 5.2. Online 5.3. Offline.
6. Sports Betting Market Analysis, By Sport 6.1. Introduction 6.2. Cricket 6.3. FIFA 6.4. Horse Racing 6.5. Others.
7. Sports Betting Market Analysis, By Geography 7.1. Introduction 7.2. North America 7.3. South America 7.4. Europe 7.5. Middle East & Africa 7.6. Asia-Pacific.
8. Competitive Environment and Analysis 8.1. Major Players and Strategy Analysis 8.2. Emerging Players and Market Lucrativeness 8.3. Mergers, Acquisitions, Agreements, and Collaborations 8.4. Vendor Competitiveness Matrix.
9. Company Profiles 9.1. the 888 Group 9.2. Kindred Group plc 9.3. William Hill plc 9.4. Churchill Downs Incorporated 9.5. Sportech plc 9.6. The Stars Group Inc. 9.7. Webis Holdings plc 9.8. Flutter Entertainment plc.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


Globe International Limited (GLB.AX)
Previous Close 5.62 Open 5.55 Bid 5.52 x 0 Ask 5.60 x 0 Day's Range 5.55 - 5.68 52 Week Range 1.05 - 5.75 Volume 5,037 Avg. Volume 12,043.
Market Cap 232.197M Beta (5Y Monthly) 0.38 PE Ratio (TTM) 38.10 EPS (TTM) 0.15 Earnings Date N/A Forward Dividend & Yield 0.12 (2.14%) Ex-Dividend Date Sep 03, 2020 1y Target Est N/A.
Should You Be Impressed By Globe International's (ASX:GLB) Returns on Capital?
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to.
Globe International Limited's (ASX:GLB) Stock Is Going Strong: Is the Market Following Fundamentals?
Globe International's (ASX:GLB) stock is up by a considerable 64% over the past three months. Given that the market.
Shareholders Of Globe International (ASX:GLB) Must Be Happy With Their 104% Total Return.
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks.
Is It Smart To Buy Globe International Limited (ASX:GLB) Before It Goes Ex-Dividend?
Readers hoping to buy Globe International Limited (ASX:GLB) for its dividend will need to make their move shortly, as.
Globe International Limited (ASX:GLB) Screens Well But There Might Be A Catch.
Globe International Limited's (ASX:GLB) price-to-earnings (or "P/E") ratio of 7.7x might make it look like a strong.
Are Insiders Buying Globe International Limited (ASX:GLB) Stock?
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are.
Globe International Limited (ASX:GLB) Will Pay A AU$0.05 Dividend In 3 Days.
It looks like Globe International Limited (ASX:GLB) is about to go ex-dividend in the next 3 days. This means that.
Globe International Limited (ASX:GLB): Should The Recent Earnings Drop Worry You?
In this commentary, I will examine Globe International Limited's (ASX:GLB) latest earnings update (30 June 2019) and.
People Also Watch.
Company Profile.
Sector(s) : Consumer Cyclical Industry : Apparel Manufacturing Full Time Employees :
Globe International Limited, together with its subsidiaries, designs, produces, and distributes purpose-built apparel, footwear, and skateboard hard goods for the board sports, street fashion, and work wear markets in Australia, North America, Europe, and internationally. The company markets its products under various proprietary brands, such as Globe, Salty Crew, FXD, Almost, enjoi, Girl, Flip, Chocolate, Thrasher, Lakai, and Impala Rollerskates. It also licenses and distributes third party brands, such as StГѓВјssy, Obey, M/SF/T, XLarge, Pro-Tec, and Hardcore. The company offers its products directly and through third party distributors, as well as through retail stores. Globe International Limited was founded in 1984 and is based in Port Melbourne, Australia.




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п»їSports Betting Odds.
Sports Betting Odds Explained.
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.


The Math Behind Betting Odds & Gambling.
The math underlying odds and gambling can help determine whether a wager is worth pursuing. The first thing to understand is that there are three distinct types of odds: fractional, decimal, and American (moneyline). The various types are represent different formats to present probabilities, which are also used by bookmakers, and one type can be converted into another. Once the implied probability for an outcome is known, decisions can be made regarding whether or not to place a bet or wager.
Key Takeaways.
The three types of odds are fractional, decimal, and American. One type of odd can be converted into another and can also be expressed as an implied probability percentage. A key to assessing an interesting opportunity is to determine if the probability is higher than the implied probability reflected in the odds. The house always wins because the bookmaker's profit margin is also factored into the odds.
Converting Odds to Implied Probabilities.
Although odds require seemingly complicated calculations, the concept is easier to understand once you fully grasp the three types of odds and how to convert the numbers into implied probabilities.
There are tools available to make conversions between the three types of odds. Many online betting websites offer an option to display the odds in the preferred format. The table below can help convert odds with pen and paper, for those interested in doing the calculations by hand.
Converting odds to their implied probabilities is perhaps the most interesting part. The general rule for the conversion of (any type of) odds into an implied probability can be expressed as a formula:
As shown, the formula divides the stake (amount wagered) by the total payout to get the implied probability of an outcome. For example, a bookmaker has the (fractional) odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%. The higher the number, the greater the probability of the outcome.
Using an example of decimal odds, a candidate has 2.20 odds to win the next election. If so, the implied probability is 45.45%, or.
Lastly, using the American methodology, Australia's odds to win the 2015 ICC Cricket World Cup is -250. Therefore, the implied probability equals 71.43%:
It is not only important to back winners, but one must do so when the odds accurately reflect the chance of winning. It is relatively easy to predict that Man City will win against Crystal Palace, but would you be willing to risk $100 to make a profit of $61.50? The key is to consider a betting opportunity valuable when the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker.
Why Does the House Always Win?
The odds on display never reflect the true probability or chance of an event occurring (or not occurring). There is always a profit margin added by the bookmaker in these odds, which means that the payout to the successful punter is always less than what they should have received if the odds had reflected the true chances.
The bookmaker needs to estimate the true probability or chance of an outcome correctly in order to set the odds on display in such a way that it profits the bookmaker regardless of an event outcome. To support this statement, let’s look at the implied probabilities for each outcome of the 2015 ICC Cricket World Cup example.
Australia: -250 (implied probability = 71.43%)
The amount above 100%, the extra 4.76%, represents the bookmaker’s "over-round", which is the bookmaker’s potential profit if the bookie accepts the bets in the right proportion. If you bet on both the teams, you are actually risking $104.76 to get $100 back. From the bookie’s perspective, they are taking in $104.76 and expect to pay out $100 (including the stake), giving them an expected profit of 4.5% (4.76/104.76), no matter which team wins. The bookie has an edge built into the odds.
According to a study published in the Journal of Gambling Studies , the more hands a player wins, the less money they are likely to collect, especially with respect to novice players. That is because multiple wins are likely to yield small stakes, for which you need to play more, and the more you play, the more likely you will eventually bear the brunt of occasional and substantial losses. п»ї п»ї п»ї п»ї
Behavioral economics comes into play here. A player continues playing the lottery, either in hopes of a big gain that would eventually offset the losses or the winning streak compels the player to keep playing. In both cases, it is not rational or statistical reasoning but the emotional high of a win that motivates them to play further.
$12 Billion.
The amount of revenues generated by Las Vegas casinos in 2018.
Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor— are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.
Moreover, novices find it particularly difficult to do cognitive accounting and people often misjudge the variance of payouts when they have a streak of wins, ignoring the fact that frequent modest gains are eventually erased by losses, which are often less frequent and larger in size.
The Bottom Line.
A betting opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker. Furthermore, the odds on display never reflect the true probability of an event occurring (or not occurring). The payoff on a win is always less than what one should have received if the odds had reflected the true chances. This is because the bookmaker’s profit margin is included in the odds, which is why the house always wins.


TheSportsGeek – Sports Betting Tips and Picks.
Your Ultimate Resource for Online Sports Betting and Sportsbook Advice in 2021.
The Sports Geek is a globally recognized brand delivering high-quality resources to beginner, advanced, and professional sports bettors and fans around the world. Whether you’re looking for data trends and analysis on the future of the industry, the best sports betting sites in the US, or you’re looking for an expert betting pick for an upcoming NFL game—the hand-picked team of experts at TheSportsGeek has you covered.
From sports gambling site reviews to picks, to blogs, to strategy tips, to breaking news—you’ll find everything you need to supplement and augment your real money sports betting journey.
Some of our most popular sports betting resources include:
Free Sports Betting Picks From Our Experts.
Get real-time, unfettered access to our team of expert sports betting analysts. The team consists of dozens of professional sports bettors with one goal in mind—share winning sports betting picks with you. Whether you’re looking for a pick on tonight’s game or you’re looking to see if the experts agree with you—this is an invaluable resource.


Betting Odds Calculator.
The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.
Top Offers.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.
Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .
So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.
The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:
For negative numbers (favorites), drop the minus sign, then do:
For positive numbers (underdogs) :
The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.
Sports Betting Odds.
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п»їThe Math Behind Betting Odds & Gambling.
The math underlying odds and gambling can help determine whether a wager is worth pursuing. The first thing to understand is that there are three distinct types of odds: fractional, decimal, and American (moneyline). The various types are represent different formats to present probabilities, which are also used by bookmakers, and one type can be converted into another. Once the implied probability for an outcome is known, decisions can be made regarding whether or not to place a bet or wager.
Key Takeaways.
The three types of odds are fractional, decimal, and American. One type of odd can be converted into another and can also be expressed as an implied probability percentage. A key to assessing an interesting opportunity is to determine if the probability is higher than the implied probability reflected in the odds. The house always wins because the bookmaker's profit margin is also factored into the odds.
Converting Odds to Implied Probabilities.
Although odds require seemingly complicated calculations, the concept is easier to understand once you fully grasp the three types of odds and how to convert the numbers into implied probabilities.
There are tools available to make conversions between the three types of odds. Many online betting websites offer an option to display the odds in the preferred format. The table below can help convert odds with pen and paper, for those interested in doing the calculations by hand.
Converting odds to their implied probabilities is perhaps the most interesting part. The general rule for the conversion of (any type of) odds into an implied probability can be expressed as a formula:
As shown, the formula divides the stake (amount wagered) by the total payout to get the implied probability of an outcome. For example, a bookmaker has the (fractional) odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%. The higher the number, the greater the probability of the outcome.
Using an example of decimal odds, a candidate has 2.20 odds to win the next election. If so, the implied probability is 45.45%, or.
Lastly, using the American methodology, Australia's odds to win the 2015 ICC Cricket World Cup is -250. Therefore, the implied probability equals 71.43%:
It is not only important to back winners, but one must do so when the odds accurately reflect the chance of winning. It is relatively easy to predict that Man City will win against Crystal Palace, but would you be willing to risk $100 to make a profit of $61.50? The key is to consider a betting opportunity valuable when the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker.
Why Does the House Always Win?
The odds on display never reflect the true probability or chance of an event occurring (or not occurring). There is always a profit margin added by the bookmaker in these odds, which means that the payout to the successful punter is always less than what they should have received if the odds had reflected the true chances.
The bookmaker needs to estimate the true probability or chance of an outcome correctly in order to set the odds on display in such a way that it profits the bookmaker regardless of an event outcome. To support this statement, let’s look at the implied probabilities for each outcome of the 2015 ICC Cricket World Cup example.
Australia: -250 (implied probability = 71.43%)
The amount above 100%, the extra 4.76%, represents the bookmaker’s "over-round", which is the bookmaker’s potential profit if the bookie accepts the bets in the right proportion. If you bet on both the teams, you are actually risking $104.76 to get $100 back. From the bookie’s perspective, they are taking in $104.76 and expect to pay out $100 (including the stake), giving them an expected profit of 4.5% (4.76/104.76), no matter which team wins. The bookie has an edge built into the odds.
According to a study published in the Journal of Gambling Studies , the more hands a player wins, the less money they are likely to collect, especially with respect to novice players. That is because multiple wins are likely to yield small stakes, for which you need to play more, and the more you play, the more likely you will eventually bear the brunt of occasional and substantial losses. п»ї п»ї п»ї п»ї
Behavioral economics comes into play here. A player continues playing the lottery, either in hopes of a big gain that would eventually offset the losses or the winning streak compels the player to keep playing. In both cases, it is not rational or statistical reasoning but the emotional high of a win that motivates them to play further.
$12 Billion.
The amount of revenues generated by Las Vegas casinos in 2018.
Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor— are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.
Moreover, novices find it particularly difficult to do cognitive accounting and people often misjudge the variance of payouts when they have a streak of wins, ignoring the fact that frequent modest gains are eventually erased by losses, which are often less frequent and larger in size.
The Bottom Line.
A betting opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker. Furthermore, the odds on display never reflect the true probability of an event occurring (or not occurring). The payoff on a win is always less than what one should have received if the odds had reflected the true chances. This is because the bookmaker’s profit margin is included in the odds, which is why the house always wins.


Optimal Determination of Bookmakers' Betting Odds: Theory and Tests.
Author.
Abstract.
Suggested Citation.
Download full text from publisher.
As the access to this document is restricted, you may want to search for a different version of it.
More about this item.
Keywords.
JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism.
Statistics.
Corrections.
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Optimal Determination of Bookmakers' Betting Odds: Theory and Tests.
Author.
Abstract.
Suggested Citation.
Download full text from publisher.
As the access to this document is restricted, you may want to search for a different version of it.
More about this item.
Keywords.
JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism.
Statistics.
Corrections.
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:1623 . See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.


Optimal Determination of Bookmakers' Betting Odds: Theory and Tests.
JEL Classification D82, G13.
John Fingleton and Patrick Waldron.
Department of Economics, Trinity College, Dublin 2, Ireland.
Abstract.
Non-technical summary.
First, empirical odds invariably exhibit a favourite-longshot bias, whereby the prices of the favourites are relatively better value than those of the longshots. This bias is also observed in pool betting, with the interesting exception of data from Hong Kong. Second, the margin implicit in bookmakers' odds increases with the number of runners in the race. Third, this theoretical margin, calculated by summing the probabilities quoted by the bookmakers, overstates their realised operating profits, suggesting that punters can identify horses underpriced by bookmakers and exploit this `inside information'. Fourth, margins vary greatly from country to country, even when market structure does not vary. In particular, bookmakers' prices are significantly higher (i.e. odds lower) in the Irish market than in the British market, although these markets differ only in size.
Shin (1991-3) provided a theoretical explanation for the first two phenomena, assuming inside information on the part of the punters. Since Р€1 bet on a horse at 3:1 exposes the bookmaker to a smaller potential loss than Р€1 bet on a horse at 30:1, the bookmaker will require a greater risk premium to insure himself against the possibility of inside information on a longshot. This is achieved by reducing the odds in respect of the longshot. The more horses in the race, the longer the odds on each, and thus the bigger the bookmaker's overall margin. Shin's empirical analysis estimates the extent of inside information without using the outcome of races to confirm the accuracy of that information.
Motivated by the differences between market outcomes in Ireland and Britain, this paper develops a more general model of determination of bookmaker betting odds, based on Shin's model, incorporating (a) infinite risk-aversion on the part of the bookmakers, (b) the possibility of anti-competitive behaviour among the bookmakers and (c) (as Shin does) different degrees of inside information on the part of the punters.
Shin's theoretical analysis is based on perfectly competitive, risk-neutral bookmakers. It ignores operating costs and assumes that any profits are competed away. In practice, bookmakers are often seen balancing their books so as to have identical liabilities across all horses. This would represent infinitely risk-averse behaviour and would not be profit maximising: a bookmaker can increase profits by setting slightly longer odds. While the level of risk-aversion among bookmakers alters the optimal prices, it does not affect the existence of either the favourite-longshot bias or the relationship between margins and the number of runners. Because optimal prices differ, we are able to test whether bookmakers are risk-neutral or infinitely risk-averse. We are interested in whether the higher bookmaker margins in the Irish market can be explained by greater risk aversion or greater levels of anti-competitive behaviour by bookmakers or by greater levels of inside information on the part of punters.
We use the results of 1,696 races in Ireland in 1993 to estimate jointly the extent of inside information, the operating profits earned and the degree of risk-aversion exhibited by bookmakers. Our methodology, using the closed form solution of Jullien and SalaniР№ (1994) rather than the approximations of Shin (1993) and Paton and Williams (1997), permits the estimation of ''true'' probabilities, which we find, for suitable parameter values, accurately reflect the subsequent outcomes.
Our conclusion suggests that bookmakers in Ireland are infinitely risk-averse and balance their books. We cannot distinguish between inside information and operating costs, merely concluding that combined they account for up to 3.7 per cent of turnover.




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п»їOdds to win 2021 Masters.
2021 The Masters Betting Odds.
The 2021 Masters is scheduled for Thursday, April 8 from Augusta National Golf Club in Augusta, Georgia and bettors can start placing wagers on the first major of the 2021 golf season.
Dustin Johnson is the the defending champion and while repeats at Augusta aren't easy, oddsmakers expect him to pull off the feat next April.
2021 Masters Contenders.
He ran away from the field in the 2020 event with a dominating 20-under 268 performance, shooting under par (72) in all four rounds.
Make a note that we haven't seen a repeat winner at the Masters since 2002 when Tiger Woods won back-to-back championships.
Right behind DJ are six golfers priced between 9/1 and 18/1. None of those golfers have ever won the Masters.
In that mix is Bryson Dechambeau , who was the 2020 betting favorite and he finished tied for 34th place at 2-under, 18 strokes behind Johnson.
The Masters - Betting Resources.
Date : April 8-11, 2021 Venue : Augusta National Golf Club Location : Augusta, Georgia.
Listed below are the odds for the 2021 Masters.
Odds to Win 2021 Masters.
Updated Tue, Jan. 26, 11:00 AM ET - Odds Provided by FanDuel - Subject to Change.
Masters Betting History.
Masters Winners (2016-2020)
2020 - Dustin Johnson (17/2) 2019 - Tiger Woods (14/1) 2018 - Patrick Reed (50/1) 2017 - Sergio Garcia (30/1) 2016 - Danny Willett (50/1)
Betting on the Masters has produced great returns for golf bettors historically and the last five years have been no different.
Prior to Woods winning in 2019 at 14/1 odds, Patrick Reed cashed as a 50/1 choice in 2018.
Including the win by DJ in 2020, a United States golfer has captured the green jacket the last three years.
The last time we've seen a winning streak of four or more wins by Americans came between 2004 and 2007.
2007 - Zach Johnson 2006 - Phil Mickelson 2005 - Tiger Woods 2004 - Phil Mickelson.
The last two international golfers to win the Masters were Sergio Garcia (30/1) and Danny Willett (50/1), doing so in 2017 and 2016 respectively.


2020 Masters odds: Surprising PGA picks, predictions from same model that nailed six majors.
SportsLine simulated the 2020 Masters 10,000 times and came up with a surprising leaderboard.
One of the overlooked players heading into the 2020 Masters is Australia's Adam Scott. The 40-year-old has won 14 times on the PGA Tour, but no victory was more impactful than his playoff win at the 2013 Masters. Scott has played well in 2020, winning the Genesis Invitational to break a four-year winless drought. But does he have what it takes to conquer Augusta National again when the first 2020 Masters tee times begin on Thursday at 7 a.m. ET?
Scott will go off as a 40-1 longshot in the 2020 Masters odds at William Hill Sportsbook. Bryson DeChambeau, who has been bashing drives to little-seen portions of Augusta National during practice rounds, is the tournament favorite at 8-1. Before locking in your 2020 Masters picks or entering any PGA DFS tournaments on sites like DraftKings and FanDuel, be sure to see the latest 2020 Masters predictions and projected leaderboard from the proven computer model at SportsLine.
SportsLine's prediction model, built by DFS pro Mike McClure, has been on fire since the return of the PGA Tour in June. In fact, it's up over $11,000 on its PGA best bets since the restart, nailing tournament after tournament.
In all, the advanced computer model has also nailed a whopping six majors entering the weekend. Anyone who has followed its golf picks has seen massive returns.
Now that the 2020 Masters field is locked, SportsLine simulated the event 10,000 times, and the results were surprising. Head to SportsLine now to see the projected leaderboard.
The model's top 2020 Masters predictions.
One huge shocker the model is calling for at the Masters 2020: DeChambeau, the defending U.S. Open champion and top favorite at William Hill, stumbles and barely cracks the top 10. DeChambeau proved his style of play can lead to a major championship title, winning the first major of his career in convincing fashion at Winged Foot in September. However, DeChambuau has struggled at Augusta National, finishing outside the top 25 in his last two starts at the Masters.
DeChambeau has also finished 30th or worse in four of his last eight starts on the PGA Tour, and his inconsistent performances can be directly attributed to his inability to find the fairway off the tee. The 27-year-old enters the 2020 Masters Tournament with a 52.68 driving accuracy percentage, which ranks 205th on the PGA Tour. He also ranks 131st or worse in total putting (251., putting average (1.748) and one-putt percentage (36.81), which doesn't bode well for his chances to finish on top of the 2020 Masters leaderboard at Augusta National. He's not a strong pick to win it all and there are far better values in the Masters Tournament 2020 field.
Another surprise: Patrick Cantlay, a massive 25-1 long shot, makes a strong run at the title. He has a much better chance to win it all than his odds imply, so he's one of the 2020 Masters picks and sleepers you should be all over.
The 28-year-old would love nothing more than making his fourth PGA Tour victory a Masters championship. Cantlay enters Masters week in fine form after winning the Zozo Championship in October.
The former No. 1 amateur player in the world also knows Augusta National well, earning low amateur honors in 2012 and finishing ninth at the 2019 Masters. This could be Cantlay's breakthrough week on the major championship stage, which is why you should consider him for your 2020 Masters bets, according to the model.
How to make 2020 Masters picks.
Also, the model is targeting three other golfers with odds of 25-1 or higher to make a strong run at the title. Anyone who backs these underdogs could hit it big. You can only see them here.
So who will win Masters 2020? And which long shots stun the golfing world? Check out the odds below and then visit SportsLine to see the projected 2020 Masters leaderboard, all from the model that's nailed six golf majors and is up over $11,000 since the restart to find out.


The Masters 2020 PGA Golf Tournament Betting Odds.
2021 Golf Tournament Menu.
Betting Odds on The Masters 2020 PGA Golf Tournament according to Bovada Sportsbook Schedule for April 9th, 2020 - Reschedule for November 12th, 2020 Location: Augusta National GC, Augusta, Georgia.
Updated on November 15, 2020 - After the Third Round.
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ARCHIVES.
Betting Odds on The Masters 2020 PGA Golf Tournament according to Bovada Sportsbook Schedule for April 9th, 2020 - Reschedule for November 12th, 2020 Location: Augusta National GC, Augusta, Georgia.
Updated on November 14, 2020 - After the Second Round.
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Updated on November 13, 2020 - Into the final First Round.
Betting Odds on The Masters 2020 PGA Golf Tournament according to Bovada Sportsbook Schedule for April 9th, 2020 - Reschedule for November 12th, 2020 Location: Augusta National GC, Augusta, Georgia.
Updated on November 11, 2020.
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Updated on November 9, 2020.
Betting Odds on The Masters 2020 PGA Golf Tournament according to Bovada Sportsbook Schedule for April 9th, 2020 - Reschedule for November 12th, 2020 Location: Augusta National GC, Augusta, Georgia.
Updated on October 5, 2020.
Betting Odds on The Masters 2020 PGA Golf Tournament according to Bovada Sportsbook Schedule for April 9th, 2020 - Reschedule for November 12th, 2020 Location: Augusta National GC, Augusta, Georgia.
Updated on September 11, 2020.
Betting Odds on The Masters 2020 PGA Golf Tournament according to MyBookie Sportsbook.
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Acushnet Holdings Corp. (GOLF)
Previous Close 45.18 Open 45.45 Bid 45.81 x 800 Ask 45.86 x 800 Day's Range 45.07 - 46.00 52 Week Range 20.65 - 46.00 Volume 147,003 Avg. Volume 228,767.
Market Cap 3.415B Beta (5Y Monthly) 0.84 PE Ratio (TTM) 37.40 EPS (TTM) 1.23 Earnings Date Feb 25, 2021 - Mar 01, 2021 Forward Dividend & Yield 0.62 (1.39%) Ex-Dividend Date Dec 03, 2020 1y Target Est 39.71.
5 Stocks to Buy From Promising Leisure & Recreation Products Space.
5 Stocks to Buy From Promising Leisure & Recreation Products Space.
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Acushnet (GOLF) is a Great Momentum Stock: Should You Buy?
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The Zacks Analyst Blog Highlights: Crocs, Vista Outdoor, YETI Holdings, Acushnet and Kontoor Brands.
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We have narrowed down our search to seven consumer discretionary stocks that have strong growth potential for 2021. These are: CROX, WHR, SNBR, VSTO, YETI, GOLF and KTB.
Where Do Hedge Funds Stand On Acushnet Holdings Corp. (GOLF)?
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 817 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30th, 2020. […]
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New Strong Buy Stocks For November 25th.
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Has Acushnet Holdings Corp.'s (NYSE:GOLF) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Acushnet Holdings' (NYSE:GOLF) stock is up by a considerable 7.4% over the past week. Given that stock prices are.
Recap: Acushnet Holdings Q3 Earnings.
Acushnet (GOLF) Beats Q3 Earnings and Revenue Estimates.
Acushnet (GOLF) delivered earnings and revenue surprises of 140.00% and 22.67%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?




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п»їBelmont Stakes Odds.
All those interested in horse race betting might be eager to know more about the Belmont Stakes odds for 2021. Luckily, we’ve done our research for this article and came up with a selection of top Belmont picks as far as Belmont Stakes odds 2021 are concerned. You can also learn more about the Belmont Park results 2019 – winners included, as well as some predictions related to the last leg of the hunt for the Triple Crown.
Belmont Stakes Odds 2021.
We’re a long way from receiving odds for the Belmont Stakes just yet, but one thing we can tell you to look out for is the general price of a Belmont winner.
The only Belmont Stakes winners in recent history to have gone off at short odds are those ultimately winning the Triple Crown, Justify and American Pharoah, as well as Tiz The Law who was winning in a year with less competition and over a shorter distance.
Otherwise, those further down the list have been successful in what is a tough race so always keep that in mind.
Top Horses in the Belmont Stakes 2021:
Belmont Stakes Horse* Trainer Form Get Bookmaker offer* Essential Quality Brad Cox Breeders’ Cup Juvenile and Breeders’ Futurity winner Jackie’s Warrior Steve Assmussen Hopeful Stakes and Champagne Stakes winne Keepmeinmind Robertino Diodoro 2nd in the Breeders’ Futurity, 3rd in the Breeders’ Cup Juvenile Hot Rod Charlie Doug O’Neill 2nd in the Breeders’ Cup Juvenile Sittin On Go Dale Romans Iroquois Stakes winner.
*Both horses and their assigned odds are subject to changes.
Given that Belmont is the fist race, it’s no wonder that there are many people on the lookout for Belmont Stakes odds 2021. You should have in mind that both the horses and the odds in this table are all subject to change in the months leading up to the race.
Belmont Stakes is the highlight of the horse racing season in the USA, as it is (usually) the last of the three races comprising the Triple Crown of Thoroughbred Racing. However, schedule adjustments lead to the Triple Crown being the first race, and noticeably shorter. The three-year-old horse who manages to win the Kentucky Derby, then the Preakness Stakes, and finally the Belmont Stakes, is the recipient of the Triple Crown Trophy. Only thirteen horses have managed to do this in history, including legendary Secretariat in 1973 (who is still the track-record holder for all three races), and in recent history American Pharoah in 2015 and Justify in 2018.
How To Bet On the Belmont Stakes outside the US?
Even though the Belmont Stakes enjoy tremendous popularity in the USA, as this race is the pinnacle of the Triple Crown chase, it is also extremely popular among punters in the UK. All reputable bookmakers have extensive horse betting sections in their sports betting markets. This means that they cover both domestic and international races. You can find all the races taking place in the USA, including the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. This means that you can find lots of betting options for these three races, including the Belmont Stakes odds. Having in mind that all these races are popular among punters, lots of bookmakers also provide live streaming services enabling you to watch the races. Live streaming goes hand in hand with live betting, which is also available with the majority of online bookmakers.
Those brands that specialise in horse betting also aim at providing exclusive betting promotions when these three races are concerned. This is why it won’t come as a surprise to see various offers featuring the Belmont Stakes as the event draws closer. All you need to do to unlock these offers is register with an operator, meet the T&Cs and wagering requirements, and take advantage of their special Belmont Stakes betting odds.
Belmont Stakes Winners.
As we’ve mentioned, unless a horse has proven to be exceptional like Bob Baffert’s two recent Triple Crown winners the shorter-priced horses have not done so well in the Belmont Stakes.
This race is 1ВЅ miles, more than any of the contenders are used to, on a deep track and is staged within five weeks of the Kentucky Derby and three of the Preakness Stakes. It is a real slog, resulting in some of the less fancied horses winning and/or with those possessing stamina in their breeding being successful.
Here are the last ten winners of the Belmont Stakes:
Year Winner Final Odds 2020 Tiz the Law 4/5 2019 Sir Winston 10/1 2018 Justified 4/5 2017 Tapwrit 6/1 2016 Creator 15/1 2015 American Pharoah 3/4 2014 Tonalist 12/1 2013 Palace Malice 13/1 2012 Union Rags 3/1 2011 Ruler on Ice 24/1.
What Kind of Belmont Stakes Betting Odds Can You Find?
If you are searching for Belmont Stakes odds, you should know that the first ones that are going to be available are the ante-post or futures odds. These odds allow you to bet on the winner of the Belmont Stakes months, weeks, and days before this event is to take place. This means that if you manage to guess the winner correctly months ahead of the race, you can expect some excellent returns.
However, betting on ante-post markers also entails certain risks. The bookmakers try to guess which horses are going to participate in the race based on their recent performances and current form and many of them could even make it on the lineup list. But some of the runners might also be scratched on the race day, so one should take all these factors into consideration when looking to place a bet on the ante-post market.
Belmont Stakes odds FAQ.
Take a look at some of the most common questions people have regarding Belmont Stakes betting odds and this race in general.
What are Belmont Stakes predictions for 2021?
Although this race is still some time away, some Belmont Stakes predictions have already started circulating. You can learn more about potentials pretenders for the Triple Crown in our table above. One thing is certain – the closer we get to the Belmont Stakes, the more we will know about Belmont Stakes lineup and odds.
When does the “Test of the Champion” take place?
The race traditionally takes place on the first Saturday in June, but this year it is rescheduled for June 20th, 2020. It starts around 3PM ET which is 7 PM GMT.
Who won the previous Belmont Stakes?
The winner of the 2020 Belmont stakes was Tiz the Law, as the first Ney York-bred horse to win the race since 1882. His assigned Belmont Stakes odds were 6-5 on some bookmakers’ websites. His trainer is Barclay Tagg, and his jockey for Belmont Stakes was Manuel Franco.
How many horses participate in the Belmont Stakes?
The limit to the number of horses that can participate in the Belmont Stakes is twelve. However, it’s common for fewer horses to appear in the race. In 2020 there were ten starters. However, only eight first finishers receive the winnings.


Belmont Stakes Betting Guide.
The Belmont Stakes is the oldest and longest of the famed Triple Crown horse races, having first been run in 1867. Held at Belmont Park in Elmont, NY, the race is dubbed The Test of the Champion, pushing Thoroughbreds to their limits over a 12-furlong (1.5-mile) dirt course.
This extended distance makes wagering on the Belmont Stakes trickier than betting on the Kentucky Derby or Preakness Stakes, as those are sprints, while the Belmont is a marathon. Still, our Belmont Stakes betting guide should be all the help you need to pony up and win by more than a nose!
As a premier betting event, much of the buzz around the Belmont has to do with whether or not a Triple Crown contender will actually be in the running. Should there be a possible Triple Crown winner, the event becomes one of the biggest horse racing betting events of the season.
But even if no horse has qualified for the top prize in Thoroughbred racing, the Belmont traditionally turns a large handle. The 153rd Belmont Stakes will be held on June 5, 2021, and if you want to bet on the best Belmont Stakes odds, we’ll show you exactly what to do.
Best Online Sportsbooks For Belmont Stakes Betting.
Site Name Current Bonus U.S. Visit Site 50% Max $250 Visit Site Review 2 50% Max $1,000 Visit Site Review 3 50% Max $1,000 Visit Site Review 4 100% Max $500 Visit Site Review.
Is it Legal to Bet on the Belmont Stakes Race Online?
Yes! In more than 40 states, domestic horse racing betting – whether at tracks themselves, OTBs, simulcast outlets, or online – is perfectly legal, governed by the Interstate Horse Racing Act of 1978. Because horse bets are pari-mutuel in nature, such wagers do not fall under typical definitions of gambling. That said, not all states have legalized horse racing betting.
Fortunately, regardless of where you live, you can bet on the Belmont Stakes – and other major and minor horse races from tracks around the world – at any of the best online sportsbooks operating internationally. These sites are available to US residents aged 18 and up, and there are no federal gambling laws that prevent access to them or criminalize online horse racing betting in any way.
2021 Belmont Stakes Current Odds.
The 153rd Belmont Stakes is still several months out, which means that there are currently no odds posted for the event. However, as race day approaches, you will see more Belmont Stakes futures and Triple Crown odds on the betting boards.
This page will be updated with the current Belmont Stakes 2021 odds as soon as the first batch comes out of the gate, so be sure to bookmark us and check with your racebook of choice often in the coming weeks and months.
TBA.
What Is The Belmont Stakes?
The Belmont Stakes is best known as the last leg of the Triple Crown of American Thoroughbred racing, contested on the first or second Saturday in June after the conclusion of the Kentucky Derby and the Preakness Stakes.
While the race was run at several different courses since its inception in 1867, it has been held at Belmont Park in Elmont, NY, for more than a century now, and it’s the oldest major horse race in the United States.
The Belmont dirt course is also the longest, coming in at 12 furlongs. For this reason, the race is colloquially called The Test of the Champion. While the Derby and Preakness are sprints, the Belmont is a true marathon and wild card, which makes betting on the Belmont Stakes that much more intriguing.
To date, there have been only 13 horses to win the Belmont after taking the Kentucky Derby and Preakness Stakes, and 1973 Triple Crown winner Secretariat still owns the course record.
But while there will never be another Secretariat, you don’t need an all-timer to make a mint (but not a mint julep – that’s a different race!) on the best Belmont Stakes contenders. All you need is a legitimate online racebook, and those Belmont Stakes winning odds are just a click or tap away!




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