Betting Odds Explained | Sports Betting 101

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👋🏻 Hey guys! In today's video, I explain how betting odds work. This video goes over the maths behind betting odds and covers American, Decimal and Fractional odds. Then I explain how to convert odds to probabilities and how to use a betting exchange to find the fair odds. Overall, this is a great getting started guide for beginners or a sports betting odds 101.
🏆 🏆 For those looking to learn more about the specific strategies I used myself to make over $50000 profit from bookmakers using profitable betting strategies, then you can check out my sports betting course over on my website at:
AUS/NZ: shanehuang.com.au/course/
USA/Canada: arbitragecamp.com/usa-course/...
If you enjoy this video and want to see more about mathematical sports betting, money or university life, please leave a comment down below saying what you would like to see next and any new video ideas are always appreciated!
🙋🏻 Who am I?
My name is Shane and I am an Australian Engineering and Commerce graduate from The University of Sydney and will be becoming a full time quantitative trader soon. This channel is dedicated to mathematics, arbitrage sports betting, and personal finance. I hope you can find this useful! Enjoy!
Website: shanehuang.com.au/
Instagram: / shanehuang88
Free Betting Discord Group: / discord
✌️ Remember to SUBSCRIBE! See you in the next one! / shanehuang88
⚠️ DISCLAIMER: This video is not gambling/ investment advice - while the strategies and math I teach and the tools recommended will provide an advantage, there is still user error and luck involved when it comes to betting which can lead to losses. These videos are for educational purposes only and I am not guaranteeing any gains or losses from using the betting methods I talk about.

Опубликовано:

19 июн 2023

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Комментарии : 156

@ShaneHuang88 Год назад

🏆 🏆 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 Год назад

anything for us UK people?

@aggelost3103 Год назад

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

@-Shane_huang88 11 месяцев назад

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

@mikerobin8410 11 месяцев назад

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

@hoangnamphan487 11 месяцев назад

Any thing for southest asia? Thanks for your videos

@0tto9 2 месяца назад

I am more confused than when I arrived.

@messifcb101 2 месяца назад

😂😂

@jimsale9824 2 месяца назад

Same. This was not explained at a beginner level

@BryceCzirr-jz7ju Месяц назад

Asian minds work different

@Betting.Investment Год назад

Well explained! Keep making money betting!

@user-gl3db5jr7z 9 месяцев назад

Great video brother ❤❤❤

@ClydeElmers-fw3ir 2 месяца назад

Well explained, great job

@user-gv2vq3dm9p 5 месяцев назад

great! thanks for your explanation

@htx4k897 10 месяцев назад

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! ⚽️?

@martingonzalez7949 9 месяцев назад

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

@Fabricio70695 Месяц назад

thanks for this helpful video explaining odds

@HarrisonHollers Год назад

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!

@user-ph7fu6cb6i 5 месяцев назад

thanks I have learned alot

@degenbets Год назад

Nice on Shane

@redbirdsjunkie 4 месяца назад

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?

@ilegendx5228 7 месяцев назад

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.

@jacopocamerlenghi1664 Год назад

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

@johnirving2797 7 месяцев назад

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

@osmankhurasani Месяц назад

great explanation

@mohammedshoabuddin7877 11 месяцев назад

Is it possible to use Oddsjam software in Asian country?

@ddddog99 Год назад

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?

@viniciusconte896 17 дней назад

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?

@ronan4442 Год назад

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

@NursultanBekmuratov Год назад

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

@xevaded Год назад

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 Год назад

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

@user-xc6gt9kh8m Год назад

@@xevaded 👌

@aggelost3103 Год назад

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.

@United_Wings Месяц назад

Thanks

@ojinwayoonyeze3864 7 месяцев назад

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 7 месяцев назад

If you want to make money, don't gamble

@ambrose7196 6 месяцев назад

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.

@bread8586 11 месяцев назад

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

@user-fd9mq7ub7v 3 месяца назад

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

@jonathanagyare522 Год назад

Well explained, great job 🔥

@ShaneHuang88 Год назад

Glad you liked it!

@krishna011000 10 месяцев назад

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

@belius82 Месяц назад

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

@wizardofodds-2929 9 месяцев назад

Good!

@ronchiles399 10 месяцев назад

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

@Hshjshshjsj72727 2 месяца назад

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

@hotsmissed9965 10 месяцев назад

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 10 месяцев назад

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 9 месяцев назад

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.

@xubz_0738 10 месяцев назад

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

@wisdomsakala1477 7 месяцев назад

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

@AliHassan-dt6jr 3 месяца назад

Example?

@marquisethomas5611 5 месяцев назад

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

@destinationlimbo378 Год назад

Great video! What editor do you use?

@ShaneHuang88 Год назад

Create and Elate 🎉

@user-sc2qb1jv5n Год назад

হি

@user-sc2qb1jv5n Год назад

@betbeast9372 Год назад

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 Год назад

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 7 месяцев назад

Over 1.5 mean 2 goals must be scored or above

@samuyelushyam6634 2 месяца назад

What is minus in both teams

@DFC931 10 месяцев назад

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

@MrKrusten 9 месяцев назад

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 4 месяца назад

@@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 3 месяца назад

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

@SK-iw5cx Год назад

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

@aggelost3103 Год назад

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 11 месяцев назад

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

@beelucky1146 6 месяцев назад

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

@davidnorman5488 11 месяцев назад

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 3 месяца назад

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

@jonnyjai1314 Год назад

decimal odds are the easiest to look at imo

@knowitall3892 Год назад

Yea agreed

@getit9092 4 месяца назад

yeah i still dont understabd american

@maloneshanefuentes5858 10 месяцев назад

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

@emmanuelvacakis4463 Год назад

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 Год назад

@luckyjet666 that’s why you bet against the money

@shxco4176 Год назад

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 Год назад

@@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 Год назад

@@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 9 месяцев назад

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

@hmazil8764 Год назад

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

@hendrixsinyangwe9990 10 месяцев назад

okay

@user-si2bi2en6t 5 месяцев назад

professional sports betting strategies

@albiehamlin 4 месяца назад

What are the odds of him not having an iron

@ShaneHuang88 4 месяца назад

100%!

@visarmakolli2240 11 месяцев назад

Can you do a course on Europe/sweden betting?

@krishna011000 10 месяцев назад

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

@kalaraju333 6 месяцев назад

4.75

@user-sc2qb1jv5n Год назад

@LijpeTracks 6 месяцев назад

❤

@martingonzalez7949 9 месяцев назад

3 different rickets

@neo83849 Месяц назад

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

@ayush_ig3386 Месяц назад

Plot twist: 3.06 odds team won the match 😂😍

@AlexS-rf1bq День назад

I left even more confused 😂

@darnellnyc9479 10 месяцев назад

No iron available for that shirt?

@reginoluga21 7 месяцев назад

Cant afford to buy one

@keanurevees2180 7 месяцев назад

omg ahahahha like how can you even see that

@anime_everyday-sc2hr 7 месяцев назад

😂

@firminofire9895 7 месяцев назад

No manners available for that comment!?

@GeeqDoubt 7 месяцев назад

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

@truthsyrum4859 14 дней назад

I'ma just pick winners

@luv2code 10 месяцев назад

Someone needs some chap stick.

@anesthesiologist1914 4 месяца назад

play Bc game recover loss

@chrisking8579 8 месяцев назад

American odds are so confusing

@thejanelankayer8608 Год назад

200k subs girlfriend reveal? 🥳

@samtensherab Год назад

Great video but this is just a basic maths, nothing new to learn here. Can you teach us how to get an actual profit ?

@cuzmariosaidso Месяц назад

I learn my betting odds from an Asian

@purnamanshrestha6855 Год назад

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

@SK-iw5cx 11 месяцев назад

Sach mein ?😱

@purnamanshrestha6855 11 месяцев назад

@@SK-iw5cx Yes brother. I promise he scammed me .

@HSBCUK-oh5yg 11 месяцев назад

Are you sure? 🤔

@reubenemoregan5997 Год назад

E doesn't work dat way bruh. Anyway kudos

@TheExclusiveOne720 Год назад

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