Basic knowledge of Ladbrokes ante post odds gives any novice bettor an advantage in the world of gambling. Understanding the odds makes it easier to predict the likely outcome of an event. Hence, making the right prediction offers a reasonable assurance of money in the bag.
Various circumstances at the time of an event can influence its outcome. Betting odds put forward the likely outcome of that particular event. Bettors place their bets in accordance with how they perceive the likelihood that it may happen.
In most cases, betting bookmakers publish Ladbrokes ante post odds early on before an event. This provides a number of benefits for bookmakers or for those who wish to start their own sports book as an amateur bookmaker.
To begin with, it becomes difficult for a punter or an odds compiler to determine if an event will take place since odds were priced too early. Next, it increases the time value associated with the odds. Given the length of time between when the odds were released and the actual time of the event, many things can happen. Any movement in the odds would favour an amateur bookmaker and would likely lead to a profit.
Bookmakers are also known to raise the odds as a method to entice bettors to get in on the action.
Ladbrokes Ante Post Odds Calculating the Winnings
Take for example a dice game wherein the outcome has only six likely possibilities. In terms of percentage, this indicates approximately a 17% chance for each possible outcome.
In most cases, Ladbrokes ante post odds are represented in fractional form. To determine the percentage of odds for a given event to take place a simple calculation can be made.
For example, given the fractional odds of 9/1, use the formula Probability (%) = B / (A+B) wherein A is 9 and B is 1. In this case, 1 / (9+1) = 0.10 that indicates a 10% possibility the event happens.
Fractional odds can be used to determine winnings for a bet. Using the sample of 9/1 as earlier provided, calculate 9 divided by 1 that equals 9. This means for every dollar bet made, a bettor can expect to win 9 dollars.
Aside from fractional odds, other exchanges also use decimals, which to date have become more common as these are easier to decipher. In this case, use the formula Winnings = (odds x stake) – stake. For example, with odds pegged at 9.0 and a wager of 10, the calculation would be (9.0 x 10) – 10 = 80. Hence, a bettor’s winnings amount to 80 for a wager of 10 at odds of 9.0.
Bear in mind that odds for favoured selections change significantly over time. Prior to placing a bet, it is best to do a bit of research to get up-to-date information on a selection’s condition. For instance, in the field of horse racing make it a point to check out the trainer’s websites for news that could affect its odds of winning.
Taking the time to learn about Ladbrokes ante post odds increases the chances of profiting from a bet.