How to Find the Best Odds: 6 High Odds Tips and Strategies

Parimatch sports betting platform aims to provide all of our users with the best sports betting experience. Thus, the Parimatch team wants to encourage you to understand how to place bets correctly in order to win without a lot of risks.

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Plus, you can check out our series of guides to help you learn literally everything about sports betting odds. If you think you need more information, you can always read them:

• Betting Odds Explained: Basics for a Bettor
• How to Read Soccer Odds
• How to Convert Betting Odds

In order to place winning bets, you need to understand what the odds are. But how do you do the best odds predictions you ask.

The best betting odds are those that allow you to win more money with less risk. In other words, valuable bets are bets where you can manage risk and reward. And the balance between these two criteria is what you are looking for winning bets.

Next, we will look at six strategies to help you determine which odds are the best in order to place winning bets.

Seek Out High Implied Probability

Some players place their bets solely to feel the excitement and risk. But if you want to make exceptionally winning bets, then you should think about making the right bets that pay off. Thus, you should look for odds that will determine if your bet will be able to bring you profit.

According to calculations in bookmakers, the lower the odds, the more likely the team will win in a particular match. Low odds assume minimal risk. Thus, the closer the decimal odds to 1, the more likely your bet will win.

Let's take an example of a tennis match between Paulo Lorenzi and Preston Brown.

As we can see in this example, Lorenzo's odds are 1.03, and Brown's odds are 8.60. Based on this, we can understand that the clear winner of this match is likely to be Lorenzi due to the low odds.

Now, in order to calculate the implied probability, we need to divide 100 by 1.03. This gives us an implied probability of 97%. Based on these figures, we can conclude that if you place a bet on Lorenzi, then you have a very high probability of your victory.

Look For Respectable Returns

If we look at the familiar example of the match between Lorenzi and Brown, then we can understand that Lorenzi will most likely win the match. In this case, the bet on Lorenzi will most likely be the winning one.

Well, the odds in this match cannot be considered good as you will not be able to make a big profit from your bet. If we take, for example, a 10,000 NGN bet on Lorenzo, then your profit will be only 300 NGN. Such a win will not please anyone.

Thus, in order for the odds to be considered excellent, you need a bet in which both the profit and the expected probability will be high.

Let's look at an example of a match between Lorenzi and Andreev.

As we can see in this example, Lorenzi is still the favorite since his coefficient is 1.46, and compared to the coefficients assigned to Andreev 2.42 Lorenzi's coefficient testifies to his victory in this match. In this case, the assumed probability of Lorenzo's victory is 68.5% and the assumed probability of Andreev's victory is 41.3%. As we can see, the likelihood that Lorenzo will win in this match is still high.

But now, in the case of this match, your profit would be much higher. If you had bet 10,000 NGN on Lorenzi's victory, then the profit after your victory would have been 4600 NGN.

Thus, you need to look for the best odds for today matches, thanks to which you will determine not only a high probability of winning but which, moreover, can provide you with a good profit.

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Find Bets with a Clear Favorite

Relying on a high implied probability and good potential profit is right on your part, but for a winning bet, you must also define a clear distinction between the winner and the loser of the match.

If you determine the potential winner in advance, then your bet will pay off more likely, but only if the favorite is much more experienced than the outsider.

Next, let's take an example from the Russian table tennis league Liga Pro and look at the match between Gribkov and Lyfenko.

As we can see in this case, Gribkov is a clear favorite, since his coefficients are 1.82 lower than the Lyfenko coefficient, which is equal to 1.89. Thus, if you decide to place a 10,000 NGN bet on Gribkov, your profit will be 8,200 NGN.

In this case, you will get a pretty good profit, but the catch is that both players have approximately equal odds. This means that the skill they can show on the field is about the same for both players. In this case, the assumed probability of Gribkov's victory is 55%, and the assumed probability of victory for the Lyfenko is 53%. As we can see, these two players make up an even pair.

This means that both players can theoretically win this match and you can lose your bet even if you place a bet on a player whose odds are lower.

In order to avoid financial losses, you should look for matches with the best sports odds in which there is a clear difference between the favorite and the outsider, and also choose the match in which there is a good implied probability and high profitability.

Let's look at an example of a match between Anatoly Trushkin and Andrey Ovchinnikov.

In this example, Ovchinnikov is the clear favorite with odds of 1.55 compared to the higher Trushkin odds of 2.31.

In this case, the implied probability of Ovchinnikov winning is 64.5% and the implied probability of Trushkin winning is 43.3%, so if you make a bet of 10,000 NGN Ovchinnikov, then in case of your victory, you will receive a profit of 5500 NGN, which is the majority of your bet.

If you find matches with similar odds and implied probabilities, then you can not worry about the fact that your favorite opponent can suddenly win and thereby spoil your bet.

Explore Alternative Bet Types

Most often, players like to place bets on favorites as well as 1X2 bets. But the sports betting platform Parimatch is not for nothing considered the best in Nigeria and can present you with many other types of bets that will help you make big profits.

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Take for example matches in which both teams can play with the same skill in such cases 1X2 bets or bets to win will have the same odds for both teams. But despite all the skills of the teams, one of them can score goals much faster than the other, especially if given the last games they had such a tendency.

Also, if you are not sure which team is worth betting on because they both play great, you can find a solution in total bets. Total bets assume that you predict the total number of goals that both teams will score over or under the number that the bookmaker has predetermined. If both teams score more then you will see that the estimated probability of total goals is higher.

Use Handicap to Reduce Risk

Sometimes you might want to bet on the losing side as well. And this situation can happen to you if the team for which you are rooting is designated in a particular match as an outsider. In order to reduce the risks, you can place handicap bets. When you place handicap bets, you give a virtual advantage to one of the teams and thereby increase their implied probability of winning.

Let's look at an illustrative example of the match between Turkey and Hungary in which Hungary is an outsider.

Now let's assume that you want to place a bet in the amount of 10,000 NGN on the victory of Hungary with a handicap (+ 2). Thus, you will bet on Hungary to win by two goals. This means that you add two goals to the final score of Hungary.

Let's assume that Turkey wins the match 1:0. Taking into account the handicap that you gave to Hungary, that would mean that Hungary wins with a score of 1:2. In this case, your bet will be paid.

The odds for Hungary to win without a handicap is 5.20, so the estimated probability of their winning is only 19.2%. Although the potential profit of this bet is very high, if you bet 10,000 NGN, you will receive a payout of 42,000 NGN, but the likelihood that this bet will win is negligible.

But if you decide to bet from the handicap, this way you will increase the implied probability, since now the odds for Hungary to win are 1.36, this gives an implied probability of 73.5%. Your potential payoff will be lower than it could be, but still good enough and it will amount to 3600 NGN.

Use Accumulator Bets to Increase Returns

Players prefer to consider betting with African best odds in order to balance the reward and risk. If you make multi-bets, also called parlay bets, you can significantly increase your profits, but also the risks of losing.

If you are going to make parlay bets then in order to win you need to make all the correct predictions then you can get paid. In other words, you place one bet on several matches. But at the same time, when you place one bet on several matches, the odds are multiplied. Thus, you get high odds, which implies a large profit, but at the same time, a low implied probability.

An excellent strategy for dealing with accumulator bets is to choose bets where the implied probability is high. Thus, every single match in your multi-bet has large winning odds. This will increase the likelihood that all of your choices will be winning.

If you are not worried about risks and think that high odds are the only thing you need to win, then accumulator bets are exactly what you need.

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Next, let's look at an example of a Multibet:

First, let's look at the individual implied probability for each individual match.

• Turkey's victory - 61%
• Kosovo before victory - 69%
• Latvia's victory - 67%

In each of the matches presented, the team's chance of winning is about two-thirds, which is an excellent indicator for everyone.

But in the case of the implied probability of winning all matches, this means that the odds are multiplied together, which gives you 28% that your parlay bet will win.

In this case, even if the odds for winning your accumulator bet seem low to you, the odds for winning each individual bet are still high.

If you consider the potential profit from placing individual bets versus multiple bets, you will understand why taking such risky moves. If you decide to do, all bets are single for 10 000 NGN is your potential profit will be:

• Victory in Turkey - 6400 NGN
• Victory Kosovo - 4400 NGN
• Victory Latvia - 5,000 NGN

Thus, your potential profit can be 15,800 NGN if each of the matches turns out to be a winning one for you. If one or several matches are lost for you, you will still receive the money that you won on winning bets.

In the case when you make an accumulator bet, all your predictions must be correct in order for you to get a win. And if we consider the likelihood that every match you choose will be won, you need the teams with a probability of 2/3, then this is a very good bet. In this case, the profit will be determined by multiplying all the odds:

1.64 x 1.44 x 1.50 = 3.54 - This will give a potential profit of 25,424 NGN at a stake of 10,000 NGN.

In this case, multiple bets allow you to get a relatively large win, but everything can go wrong if only one of your predictions is wrong.

Summary

Now that you know how to correctly determine the best odds, you can place the winning bets that will bring you the most profit.

The bets that provide value are those where the odds show a high implied probability and a good potential profit. In order to find suitable bets, you need to find sporting events where there is a noticeable difference between a winner and a loser. You can also refer to alternative types of bets, especially handicap bets. In addition, you can resort to using parlay bets and thus increase your potential income.

You are probably asking: "which betting site has the best odds in Nigeria?" Such a site is the sports betting platform Parimatch. Here you can always find the best odds for betting. And using our compatible betting site will allow you to win wherever you are. Only here you will find the most favorable odds and a huge selection of different types of bets.

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