How Does Sports Betting Payout Work
LUCKY 15 BET EXPLAINED
In most of Europe sports betting at casinos like Balkan Bet are legal, but in America, there are states. The point is to beat the odds on the payout. In online sports betting circles, the parlay is one of the most live popular bets for both seasoned experts and recreational bettors. What exactly is a. This is a collection of our strategy guides for both live betting and sports betting in general. This page alone has 2,500+ words of information.
What is a Lucky 15 bet?
A Lucky 15 consists of fifteen bets involving four selections from different events, combining 4 singles, 6 doubles, 4 trebles and 1 accumulator. You need only one winner to guarantee a return.
In the event of one winner only, your winnings are doubled.
For four winners out of four a bonus of 10% is generally added to winnings on the win part of the bet (winnings = the return for the win part of the bet minus the win stakes for that bet).
If a Lucky 15 is placed on horse racing and it contains a non runner no bonuses will apply to that bet.
For example, if the 4 selections and their odds were:
A = 2.00 B = 3.50 C = 4.00 D = 1.50
(Fractional equivalent: Evens, 5/2, 3/1 & 1/2)
- If all four selection wins, you would win on all fifteen bets.
- If three selections wins and the other one loses, you would win on 7 bets (3 singles, 3 doubles, 1 treble).
- If only two selection wins, you would win on 3 bets (2 singles and 1 double).
- If only one selections wins, you would win on 1 bet (1 single).
Example 1. If all 4 selections won in a £1 Lucky 15 the winnings would be calculated as the following:
4 x Singles
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| Selections | Odds | Payout |
|---|---|---|
| A | 2.00 | = 2.00 |
| B | 3.50 | = 3.50 |
| C | 4.00 | = 4.00 |
| D | 1.50 | = 1.50 |
6 x Doubles
| Selections | Odds | Payout |
|---|---|---|
| A + B | 2.00 x 3.50 | = 7.00 |
| A + C | 2.00 x 4.00 | = 8.00 |
| A + D | 2.00 x 1.50 | = 3.00 |
| B + C | 3.50 x 4.00 | = 14.00 |
| B + D | 3.50 x 1.50 | = 5.25 |
| C + D | 4.00 x 1.50 | = 6.00 |
4 x Trebles
| Selections | Odds | Payout |
|---|---|---|
| A + B + C | 2.00 x 3.50 x 4.00 | = 28.00 |
| A + B + D | 2.00 x 3.50 x 1.50 | = 10.50 |
| A + C + D | 2.00 x 4.00 x 1.50 | = 12.00 |
| B + C + D | 3.50 x 4.00 x 1.50 | = 21.00 |
1 x Accumulator
| Selections | Odds | Payout |
|---|---|---|
| A + B + C + D | 2.00 x 3.50 x 4.00 x 1.50 | = 42.00 |
Example 2. Using the same odds and stake as above, if only selection C won and the other 3 selections lost, the winnings would be calculated as following:
The only winning bet would be the single on Selection C, all other single and multiple bets would be losers.
With only 1 winner your winnings are doubled, therefore:
£1 x £4.00 (payout) — £1 (stake) = £3.Winnings on selection C with bonus
£3 x 2 = £6.00.
Payout on selection C with bonus
£6 (winnings) + £1 (stake) = £7.00
The cost of the bet is £15.00, leaving a loss in this instance of £8.00.
LUCKY 15 BETTING TIPS
Lucky 15 is particularly suited for horse racing and greyhounds betting, but there are no particular limitations if you want to place a lucky 15 bet on football or other sports.Anyway, you must be careful about the markets and the odds to select. For instance, rather than Match Winner or BTTS markets, it’s generally advised to go for football betting markets such as 1st Goalscorer or Correct Score where odds are at least 5.00 (or 4/1). Darts and snooker are good sports if you’re having a Correct Score bet on a selection of matches.
Of course, you can also place Lucky 15 bets on each-way markets, but bear in mind that a £1 e/w Lucky 15 will cost you £30 rather than £15 as you are betting on 'to win' and 'to place' markets.
WHERE TO PLACE LUCKY 15 BETS
All bookmakers will offer Lucky 15 bets with a number even offering bonuses and money back specials on the bet.Looking for the best free bets for UK and international punters players. We have selected for you the best offers, promo codes and welcome bonuses from trusted and reputable betting sites! Just click the image below to access the largest collection of free bets! Choose your favourite offer, click the 'Claim' button and enjoy your betting bonus in a few simple steps!
Sports Betting Guide
Understanding what are and how the odds work is a crucial thing not only in esports but also in general betting. Today we would like to break it down for you and explain how the odds work in esports and how to benefit from them.
What are the odds?
Odds might seem a bit complicated to people who are new to betting but that is just how they look. There is nothing difficult about them at all.
Odds are a numerical representation of the event’s probability. They also show tell us how likely we are to win, how much we can earn and the risks that come along with that. Usually, in everyday life, people are using the term “chances” and measure the probability in percentages. Odds are slightly different from chances but basically showing the same thing.
Let’s use a DotA 2 match as an example. Two teams take part in it, and there are only two outcome options: team 1 win or team 2 win, therefore only win/lose. It is obvious that both teams can win, meaning one of them will have the edge over the other one.
So, how the odds are made? It is solely the bookmakers’ job to evaluate the odds. They have to consider various facts such as match history between two teams, rosters, individual player skills, the current shape, etc.
Typically, there are 3 main odds types: moneyline, decimal and fractional. The UK mainly uses the fractional ones where the odds are representing the chances of one winning the number of time out of multiple occasions. To make it simple, let’s use the 4/1 odds. They are basically telling us that a team is likely to win 1 out of 4 matches. Most bookies, though, are using the decimal type.
How to read fractional odds in esports
Fractional odds the original ones and the most common in esports and traditional sports betting. Lots of tipsters don’t like them saying they are unclear and require extra effort to understand. We say they are relatively easier to convert into a percentage form. Here’s how it’s done:
- 4/1 = 1/(4+1) = 0.20 (20%)
- 11/5 = 5/(11+5) = 0.3125 (31.25%)
- 1/1 = 1/(1+1) = 0.50 (50%)
- 1/9 = 9/(1+9) = 0.90 (90%)
We hope this will give you some idea about how it works. We would also suggest keeping some sort of odds calculator by your side as it might come in handy. You can find various odds calculators online.
Note:
- If the number on the left is higher than the one on the right, the odds are more against you.
- If the number on the right is higher than the one on the left, the odds are more in your favour.
What do odds tell us about our winnings?
Another great fractional odds tweak will help you easily tell your winnings.
Check this out:
How Does Sports Betting Payout Work
- 4/1 – for every £1 you bet you will win £4
- 11/5 – for every £5 you bet you will win £11
- 1/1 – for every £1 you bet you will win £1
- 1/9 – for every £9 you bet you will win £1
How Do Sports Betting Payouts Work
Nice and easy! It doesn’t mean that you can only bet £1 on a 4/1 bet, just multiply your stake by the ratio, and you will know how much you can win. Example: 4 x £5 = £20.
Decimal odds
How Sports Betting Payouts Work
Another very popular type of odds that is becoming more and more popular due to various reasons.
Tipsters say that these odds are easier to read and understand the probability of an esports bet. Another thing that seems to be enjoyed by tipsters is that decimal odds tell you your exact returns (winnings + stake) when fractional ones only give you the information about your winnings only. It is also somewhat easier to tell the actual probability percentage-wise. All you have to do is to divide 100 by the decimal odds.
- 5.0 = 100/5 = 20%
- 2.0 = 100/2 = 50%
- 2.5 = 100/2.5 = 40%
- 1.5 = 100/1.5 = 66.66%
Piece of cake. People who are new to betting should not have problems with these type of odds.
Another great feature of decimal odds is that it’s extremely easy to calculate your returns, all you have to do it to multiply the stake by the odds you have. For example:
- £1 = £1 x 5.0 = £5
- £5 = £5 x 5.0 = £25
- £10 = £10 x 5.0 = £50
- £12 = £12 x 5.0 = £60
Again, do not forget what decimal odds will show you your returns (winnings + stake). Sometimes it might get tricky as you could think that your winnings are bigger, but on the other hand, you do not have to add your stake manually.
Note: Let’s use the 5.00 (4/1) odds as an example.
- Fractional odds: betting £1 you will win £4 due to 4/1 ratio
- Decimal odds: betting £1 you will get betting £6 deposited into your account because £1 x 5.00 = £5 (your winnings) + £1 (your original bet) = £6
Changing market
Odds have a tendency to change, and if fact, they constantly are. Do not be blinded by the fact that one side is favoured or not at the moment. The whole situation can be flipped upside-down overnight. There are too many factors that come into play in esports. All of them have a certain level of influence on the odds. If let’s say Fnatic has a losing streak then they are rather not to be favoured to win but if NiP will sign a new top fragger player their odds will spike up almost immediately. Unfortunately, it works both ways, but that is how you can gain the edge over the bookmaker.
How Do Moneyline Payouts Work
Esports is a relatively new market, and bookies do not have too much knowledge about it. So, if you follow the industry a lot, you will always be one step ahead of the bookmaker.
Remember, if you placed a bet on the underdog with the odds of 20.00 (19/1), but later it became a favourite with 2.50 (6/4) odds, you will still be paid at the initial odds you placed a bet with.
How Does Sports Betting Payout Work Results
Esports and esports betting is all about timing, so just keep that in mind!