To win this bet, the away sides have to win 1-2 or 1-3 or 2-4 or 1-1 draw etc. X2 AND NG – bet9ja code meaning explained Away win or draw and no goal, practically this bet9ja code indicates that the away team will win or draw the match but both sides will not score each against each other. Favorites come with a – symbol attached. The higher the absolute value of the number, the better the chance the bet will win. So for example a -200 favorite has a better chance to win than a -120 favorite. 200 is greater than 120 so this is what we mean by absolute value, you ignore the – sign and take just the number when considering this. 1X2 is three components representing the three possible outcomes in a sporting event. 1 is the home team, X is the draw, 2 is the away team. For those of you who remember ‘pools coupons’ or even use the modern football coupons provided you can find in high-street bookmakers, you’ll already know what 1X2 betting is. For instance, fist-half score is 1-2. Apparently, TO 1 is going to win as 1+2=3 (31) 2) Teams score no goals in the second half: If the game ends with a draw, TU 1 wins (01) 3) One goal scored in the first half: So, it turns out that the score is equal to Total 1. In such a case, bookies cancel your bet or, in other words, calculate it with 1. Penn State is +6.5 and needs to either lose by 1-6 points, or win the game, to cover the spread and win the bet. The plus signs indicates they’re the underdog. If the point spread is a whole number — like Penn State +7 — and Ohio State wins by exactly seven points, it’s a push and all bets are refunded.

Sports betting is all about numbers, but if you have no idea what the numbers in play mean, then you might not be as successful as you wish in betting. Taking an interest in knowing betting numbers and their meanings is the first step to help you develop any sports betting strategies.

If you are new to the world of betting, you have to understand that sports betting is unequivocally all about the numbers. It should be clear from the onset as teams involved in a fixture are allocated specific numbers, and it is essential to get this right lest you will place your bet for the wrong team and lose your money.

Beyond the basic figures, you also have to have some knowledge of betting odds and probabilities, which are expressed as fractions or decimals. You should also sign up with the top betting sites such as 1XBet, Betway, or 22bet. While it will be essential to learn all the different formats of odds, it will be up to no good if you cannot match the odds to their correct teams. To be on the safe side, have a look at the betting numbers explained below.

Bet numbers meaning in sports betting

By now, you ought to be aware that figures are not assigned randomly, but they represent value. If you conduct a quick search on any website, you will be greeted by significant figures filling your screen. Don’t beat yourself trying to decipher the meaning of these figures because we will explain to you how betting numbers work.

1. 1X2 betting

1, X, and 2 are the most basic numbers in sports. It is not only basic but also the most common and universal format of assigning numbers to teams for staking outcomes. In most cases, you will find columns labelled 1, X, and 2 in that order at the very top.

When presented with 1X2, the gambler is expected to bet on the outcome of the match from three options. Either a win for any of the two teams or a draw. The meaning of 1 in betting should be straight forward if you have basic knowledge of sports. 1 represents a win for the team that will be playing at home. What does 2 mean in betting? 2 depicts a win for the team playing away from home. X is used to represent a draw in those sports where a draw outcome is possible.

If you come across 12 as the only figure displayed in a sport, then it means that the sport does not have a draw outcome. Tennis is one of those sports where you expect to find 12 while in football you will find 1X2.

The universal 1X2 format is preferred because it is simple, easy to comprehend, and the winner is always determined upon the completion of a match. The only downside is the staking market becoming almost useless as the returns are of little value.

You can also come across 1X, X2 or 12. These bets represent a double chance in which any of two outcomes will give you money. What does 1X mean in betting? 1X means a home win or a draw will make your bet correct. X2 is a double chance bet for either a draw or the away team to win. 12 means that if either the home or away team wins your bet would be correct.

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2. Betting odds

1X2 are basic figures you need to know, but the most important ones are the staking odds. What is the betting odds meaning? The odds tell you how much you stand to win should your prediction be correct. The staking risks will be determined using the odds provided because those with small odds may not be worth making. There are three odds formats that you should understand.

• American odds: +100
• Fractional odds: 1/1
• Decimal odds: 2.00

All the examples given above imply that a bet placed on selected team/teams would yield back double the amount staked. Using the American odds example, staking Ksh. 100 would give back Kshs. 100 shillings profit each time. The first number represents the stake, while the other number represents the potential win. It means that if you stake Ksh. 100, then the profit will also be Kshs.100. The decimal odds are the most commonly used and represents the number of units any particular stake stands to win.

3. Handicap betting

Handicap staking comes in handy when the 1X2 odds are not too profitable as a result of the favourite team being allocated a low number. Faced with such a situation, the best alternative to maximize profit is by placing a handicap bet. The two types of handicap bets available include Asian Handicap and European Handicap.

In a handicap bet, one of the two teams starts the game with a certain number of goals or points. It means that the team for which you are placing a handicap bet will not lose by a certain margin or if they lose, the margin has to be higher than the one you placed a bet.

READ ALSO: How to stream live football matches online

Image: wikimedia.com
Source: UGC

4. Over/under betting

This type of staking is one in which a person stakes a certain amount for a match to have goals over or under a particular figure. For instance, if a bet is placed for over 2.5 goals, then 3 or more goals have to be scored in that match for the bet to be valid. The bet applies to other things like the number of penalties, corners and yellow cards in a game.

Having an understanding of the betting numbers and their meaning is essential if you intend to get big wins in staking. Now that you have a rough idea on what all these figures mean, you should be prudent in applying them. The more you play with numbers, the more you are likely to get better returns on bets such as the handicap and over/under staking options.

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If you want to come out on top against the bookies it is vital that you understand the fundamentals. When it comes to sports betting there is nothing quite as fundamental as the odds that the bookies offer. Unfortunately, betting odds can prove very confusing. That’s especially true for people who are new to betting.

That’s where this article comes in. We’re going to explain exactly how betting odds work, how they are set and the differences in the ways they are displayed. After taking in all the information below, you will be much better equipped to set about making some profit.

What Do Betting Odds Represent?

At their most basic, betting odds tell you two things:

1. How much you stand to make should the selection win
2. The probability of the selection winning

Take this example. If you were looking through the weekend Premier League fixtures and saw a team had fractional odds of 2/1 (that’s decimal odds of 3.0) you would know that you stand to win £2 in profit from every £1 that you stake should the team win. You’d also know that the bookmaker who set the odds ranks the team’s chances of winning as one in every three times the game is played.

If you saw a team had fractional odds of 8/13, you’d know that for every £13 you stake, you will win £8 or profit and that if the game was played 21 times in total, the bookies think the team would win 13 times and fail to win eight times (what is known as the implied probability).

Working out an implied probability percentage from fractional odds is simple. You just divide the stake by the combined sum of the two numbers which make up the fractional odds. In the case of 2/1 the equation looks like this:

1 / (2+1) = 0.33 or 33%

For odds of 8/13 this is the equation:

13 / (8+13) = 0.62 or 62%

1/1 Means What In Football Betting

That’s how the maths works but when it comes to the actual odds that bookmakers set, it’s a little more complicated.

How Do Bookmakers Set Their Odds?

The basic business model of a sportsbook is fairly uncomplicated. Bookmakers set the odds and take bets on an event. When that event ends they pay out everyone who backed the winner and then keep the rest for themselves.

But, consider the following horse race.

As you can see, the combined implied probability of the selections above is 100%. From a bookmaker’s perspective that is a big problem. That’s because, presuming they’ve got the same amount of liability on each selection, they’d never make any money as they’d have to collect and payout the same amount.

So, the bookmakers will build something called an overround into their odds. Here’s a real example of a match odds market from a football match:

With an total implied probability of 101.7%, the bookmaker who set those odds is guaranteed to make a profit of 1.7% assuming that they have the same amount of liability on all three selections. Of course, it rarely works out that the bookies manage to spread their liability evenly but you need to know that when you look at a betting market you’re not simply looking at a reflection of how the bookies think the event will pan out. There’s much more going on behind the scenes.

Armed with this knowledge of how the bookmakers set their odds, you can concentrate on finding value. That is, finding a bet where you believe the odds (and therefore the implied probability) is too big. If the bookies think that a side has a 50% chance of winning but you think they’ve got a better chance than that, that’s value.

The Difference Between Decimal and Fractional Odds

You will have seen above that we’ve spoken about both fractional and decimal odds. They are just different ways of conveying the same information but they do add another layer of complexity.

All the major online bookmakers will shows their odds as both fractions and decimals so it’s important that you understand just what they are showing and how to switch between the two. Thankfully, it only requires simple maths.

To go from a fraction to a decimal is as easy as dividing out the fraction and adding one. Here’s how that looks for odds of 2/1:

(2/1) + 1 = 3.o

And using our second example from above, 8/13, it looks like this:

(8/13) + 1 = 1.62

1 1 Meaning In Betting

If you want to go from decimal odds to fractional odds is similarly simple. You just minus one from the decimal odds, turn that number into a fraction and reduce it down to it’s simplest form.

Let’s take decimal odds of 4.5, this is the equation:

4.5 – 1 = 3.5
35/10 -> 7/2

1 1 Meaning In Betting Line

If the decimal price is 1.25, you convert it into fractional odds like this:

1.25 – 1 = 0.25
25/100 -> 1/4

Here’s a list of some of the most common fractional odds and their decimal equivalents (for a more in-depth list click here).

Key Terminology

When reading betting advice or searching for a value bet on the bookies’ websites you’ll come across some key terms relating to betting odds. To round up our article on betting odds, we’ve covered the most widely used terms to ensure you don’t get confused in your search for winners.

Stake – The amount of money that you place (or wager) on a specific bet.

Price – The price of a bet is simply another way of referring to the odds. You can either say that a football team can be backed at odds of 2/1or that their price is 2/1.

Odds On & Odds Against – Two of the key terms that you’ll hear when it comes to betting odds are ‘odds on’ and ‘odds against’. These terms refer to whether a price is greater or lower than evens. Any price above evens is known as odds against, while anything below evens is odds on.

Short and Long Odds – If something is described as being short odds it means the price is low. A long odds shot will provide you with a bigger win but is much less likely to win.