Welcome to the realm of sports betting in Tanzania, where excitement and opportunity collide!
Whether you’re a seasoned enthusiast or just dipping your toes into the world of sports odds, this article is your passport to becoming a betting pro at Parimatch. Get ready to unlock the secrets of understanding and calculating sports odds explicitly tailored to the vibrant betting community of Tanzania. This comprehensive article unravels the mysteries behind those seemingly complex and confusing numbers, empowering you to make informed betting decisions confidently.
From the passionate supporters of Simba Sports Club to the ardent followers of Yanga, this piece caters to the diverse sports landscape that unites Tanzania.
Are you ready to elevate your betting game and strategies to new heights?
Let’s dive in and transform you from a novice Parimatch bettor to a seasoned pro as we untangle the religiously guarded secrets of understanding and calculating sports odds uniquely tailored for the sports fanatics of Tanzania.
True to our words, we have a bonus for you when you register with us today. On top of this, we comprehensively guide you on how to read and calculate the sports betting odds to maximize and maintain a winning streak.
Contents
Main Types of Odds
- Fractional odds – also referred to as traditional or British odds are often written as a fraction or a ratio such as 6:2 or 6/2
- Decimal odds present the total amount you win at Parimatch for every Tanzanian Shilling you stake. For Instance, if you bet for Simba Sports Club to win if the odds are 2.45, your payout is Tsh 245 for every Tsh 100 you stake.
- American odds – also referred to as Moneyline odds, are recorded with a plus (+) or minus (-) sign. The plus sign is assigned to a lower probability outcome, leading to a higher payout.
Gone are the days of feeling overwhelmed by confusing odds charts and bewildering terminologies. Let’s walk you through the basics, clarify the jargon, and provide clear, concise explanations that anyone can grasp.
You’ll have the much-needed knowledge and skills to navigate the betting world like a pro by the time you are done.
Decimal Odds
The Decimal odds format is common in Europe and other countries such as Canada, New Zealand, and Australia. At Primatch, the decimal odds are arguably the best, especially for those without time to do critical research and analysis.
From the above 3- way betting example drawn from Parimatch, you can quickly tell the team with a high chance of winning instantaneously by looking at the numbers. And guess what? It works most of the time.
So how do we come up with these odds? Worry not. We’ve got you covered. With the following formula, you can question your instincts and make an all-rounded betting decision.
Here’s the formula:
“(1/decimal odds) * 100 = Implied Probability”
If Team 1 has odds of 1.51 to win, then the implied probability of Team 1 winning is 66.2%:
(1 / 1.51) * 100 = 66.2%
American Odds
At Parimatch, we know the challenges of confining you to one betting format. Therefore, we give you other options. With the same example from our website, look at what The American odds look like.
| Team 1 | Draw | Team 2 |
| -196 | +410 | +470 |
Here the two different equations are used to get the implied probability of the favorite and the underdog team.
The equation for negative odds (-)
“Odds / (odds – 100) = Implied probability”
Applying the American odds of -196 (Team 1 to win), the formula would look like this:
-196 / (-196 – 100) = 66.2%
The equation for positive odds (+)
100 / (odds + 100)
Applying the American odds of +470 (Team 2 to win), the formula would look like this:
100 / (470 + 100) = 17.5%
Fractional Odds
Fractional odds are the most preferred format by the Irish and British bookies. We typically denote them with a hyphen (-) or a slash (/), as shown on our reference Parimatch football team below.
| Team 1 | Draw | Team 2 |
| 0.51/1 | 4.1/1 | 4.7/1 |
When using the fractional odds, the secret lies in calculating the implied probability. This is because the results with the highest percentage are likely the favorite. While it might sound like rocket science, that is not the case on paper, as shown below.
“Denominator / (numerator + denominator)”
The implied probability of Team 1 winning is 66.2%:
1 / (0.51 + 1) = 66.2%
The implied probability of Team 2 winning is 17.5%:
1 / (4.7 + 1) = 17.5%
Other Types of Betting Odds
Point Spread
Points spread odds are also popular in the gaming industry. With the point spread, you stake on whether your preferred team in a matchup wins and clinch the win with more goals or points than the provider has estimated.
For Instance, you can stake on Simba FC to win with + 2, 3, or 4 goals hence the name “Spread.”
Totals
The “Totals” are commonly called the Over/Under odds. The Totals are the stakes you place on a given team, whether the game’s outcome is over or under what the provider has predicted.
Parlays
While the above odds only apply to single events, Parlays entails taking multiple bets and binding them to make a single bet. Each wager could earn more money, but the risk is involved. You lose the entire parlay stake if even one of your bets is wrong.
As with all betting odds described in this article, the higher your risk, the greater your possible payout. With some luck, you can be in line for a sizable payout using parlays to connect many bets.
Futures
So far, all betting odds discussed in this piece revolve around staking on single events in a day, a week, or two. As the name suggests, futures are the odds you place on future events.
For Instance, you can place a Future bet on Simba FC to win the CAF Championship in the coming 2023/2024 season.
How Do Odds Work In Betting?
Betting is an art. This draws a line between constancy winners at Parimatch and losers elsewhere. It also calls for strategic planning that is goal oriented with unwavering focus.
Whether it is betting on sports, casinos, or virtual games, it is essential to understand how odds work. It is as simple as that. Here is where we come in because we understand the need to enlighten you on having a prowess grip on betting odds.
We aim to equip you with the ability to read and interpret their various formats and make well-informed decisions.
Join us on this exhilarating journey, where we explore the ins and outs of sports odds, uncover valuable strategies, and share insider tips to help you stay one step ahead of the game.
Why Do Odds Change?
Whether you are a beginner or an experienced gambler in sporting events, a keen eye while analyzing betting odds will tell you that the odds are changing. Have you ever wondered what causes them to change from time to time?
Well, betting odds change for various reasons, such as physical events during the game, like the unexpected red cards, injuries that force unplanned substitution on vital players, and penalties.
Other factors include weather before the match and a surprising exclusion of certain players due to sudden illness. Also, the adjustment of initial cash projections impacts the betting odds.
It is, therefore, a rule of the thump to constantly check, countercheck and recheck your teams to be informed of any changes in the unforeseen events leading to the games.
So How Can You Benefit from the Betting Odds?
Betting odds put you in an advantaged position. This is because bookies, at times, get it all wrong. While we are assured to be getting the best of what they can provide, it is only sometimes accurate all the time.
Analysts are people too. Hence they, at times, go wrong in some matches. Bookies focus and channel resources on major and leading leagues with little to no attention to minor and upcoming leagues.
There could be faults, and the odds could not be the finest. Knowing where to place bets is a further bonus.
A vortex is created when significant amounts of money are concentrated in one place, which makes chances for you to bet and earn profitable returns. This should be added to your unwritten rules of betting.
Conclusion
As we wrap up, we hope we have provided you with the knowledge and confidence to conquer the world of sports odds in Tanzania. Remember, you hold the key to unlocking your winning potential!
We have covered everything from understanding the different types of odds to calculating potential payouts. But knowledge alone is not enough. Applying what you’ve learned and embracing a disciplined approach to your betting endeavors is essential.
As you embark on your betting journey, remember that success requires strategy, research, and a pinch of good fortune. Stay informed about the latest team news, analyze past performance, and explore the available statistical data.
Doing so lets you make informed decisions and stay ahead of the curve. Always remember that responsible betting is the cornerstone of a fulfilling betting experience. Set limits, manage your bankroll wisely, and never gamble more than you can afford to lose.
Thank you for joining Parimatch on this journey. May your future bets be filled with exhilaration, satisfaction, and, of course, lucrative wins. Happy betting!
Read More
- Over/Under Betting Strategy
- Betting on Late Goals
- Futures Bets Explained
- 7 Professional Betting Tips
- VIP Betting Tips
- How to Bet And Win Every Day
FAQ
What are sports odds?
Sports odds represent the probability of an event occurring in a sporting event. They indicate the potential payout you can receive if your bet is successful. Odds are typically expressed in different formats, such as decimals, fractions, or moneylines.
How do I read decimal odds?
Decimal odds represent the total amount you’ll receive, including your initial stake, if your bet wins. For example, if the odds are 2.50 and you bet 10, your potential payout would be 25 (10 x 2.50). It’s a straightforward format widely used in many countries, including Tanzania.
What are fractional odds, and how do I interpret them?
Fractional odds are commonly used in the UK and are presented as a fraction, such as 2/1 or 5/2. The first indicates the potential profit you can make, while the second represents the stake required. For example, if the odds are 2/1 and you bet 100, your potential profit would be 200 (100 x 2).
How do I calculate implied probability from odds?
To calculate the implied probability from odds, divide 1 by the odds expressed in decimals. For instance, if the odds are 2.50, the implied probability would be 0.40 or 40%. It helps you assess the likelihood of an outcome according to the odds offered.
Can I calculate my potential winnings with moneyline odds?
You can calculate your potential winnings with Moneyline odds. Favorable moneyline odds indicate the potential profit you can make with a 100 stake, while negative moneyline odds represent the amount you need to bet to win 100. For example, a favorable odds of +200 means you can profit 200 with a 100 bet. Remember, odds can vary between bookmakers, so comparing odds and choosing the most favorable ones for your bets is always advisable.