Do high odds mean that the predicted outcome is highly/less likely to happen? In this guide, we will explain the meaning of these betting terms as well as tips to help you place such wagers.
What Does High Odds Mean?
High odds are a sports betting phenomenon where significantly huge odds are assigned to outcomes that are less likely to happen. Bettors who have been in the game for a long time will not fall for them, despite the promise to pay huge payouts if the prediction comes to pass. Instead, they go for highly likely outcomes and build a strategy around them.
Many punters consider odds beyond 3.50 to be high odds. A practical example is when you bet on Mallorca to win the Spanish La Liga at 1000 (999/1) with a stake of 1 RAD. If you win the bet, the reward amount will be 1000 RAD.
As much as you will favour this outcome, you are almost confident that Mallorca cannot win the Spanish La Liga title. While these odds carry huge probable rewards, every analysis will show that the prediction cannot materialise. Normally, teams that are considered underdogs will be assigned huge odds.
How to Bet on High Odds?
If you are planning to bet on high odds? It is important that you have viable strategies in place. Betting on an underdog is a big risk because the likelihood of losing your bet is more than the winning probability. You should never rely on a single plan because it may lead to a series of losses. A variety of strategies have been discussed below which you can consider.
Choose Single Events
Betting on high odds is already a big risk. You will be doubling your risk if you choose multiple events to wager on. This is not viable, especially for a beginner. Since most underdogs are assigned high odds, you can just pick one team that is likely to put up a good show.
Wager on Familiar Markets
Betting on high odds demands that you wager on markets you understand. Even when you pick teams, you will understand their style of play and history. Also, choose sports disciplines whose rules you fully understand. You may reduce the risk and failure to understand the scoring patterns of particular games.
Use Small Stakes
Assume you have 1000 RAD as the total sum of money you have set aside for betting. A good plan will mean you set 20 RAD as your maximum stake. No doubt that this is very little, and you will not part with much if your bet does not win.
Basically, your stake plan will be 2%. In the unlikely event that you lose all your stakes, it will take you 50 rounds to exhaust your betting investment. These rounds are reasonable, and it is not practical for a bettor to make such a loss, even a starter with the least experience.
Do Not Chase Losses
By wagering on teams that are considered underdogs, there is no doubt that the likelihood of losing is higher. Therefore, you can only succeed if you are patient. Trying to increase your stake to recover what you have lost is a big mistake. This poor decision will exhaust your finances within a short period.
High Odds Soccer Prediction
Soccer is a popular sport where high odds are applied in various events.
High Odds Accumulator Tips
We have compiled several betting tips to get you started.
Do Not Add Too Many Games on a Single Accumulator
While creating an accumulator, do not add a lot of games. You will only increase the probability of losing the bet. Only include a maximum of four teams. Remember that if one team loses, you lose the entire bet.
Too many teams will raise your risk also. So, you should put into consideration the impact of dropping odds which can also affect the overall outcome of your ACC bet.
Build an Accumulator with Familiar Sports
High odds accumulator predictions are likely to come true if you wager on teams you know. For instance, if you understand the football or basketball rules better, build your accumulator using events from these sports. There is no point in including more technical games like cricket, which will likely spoil your bet.
Research
Successful bets rely on adequate research. It is even more demanding for accumulator bets with high odds because you will be dealing with multiple teams. Look for team history and player information to guide you on the various strengths. The position on different league tables will provide crucial information on the likelihood of a team winning or losing.
Use Tipsters
High odds accumulator betting requires specific skills you may not have as a player. You can learn some strategies from online tipsters who provide useful information regarding various games.
The tipsters undertake sufficient research and post it on their website. Their information is more reliable than individual research. However, ensure you visit genuine sites for better results.
FAQs
Here are the answers to some common questions regarding this topic.
They are only good if the prediction comes to pass. But we cannot consider them as such normally as they represent events that are not likely to happen.
Look for events where underdogs are playing very strong teams in various competitions.
On average, there is a 10% likelihood of high odds horses winning.
The odds ratio can go as high as 10.