## Sport betting: Coefficient types

Sport betting: Coefficient types
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Coefficient types

The coefficient in many ways is a key concept in bets. This is a number, which describes the probability of occurrence the selected event by player, determines a size of prize in case when the bet has played.
The formula, which helps to determine a size of player winning, is a simple. But, for beginners will be difficult for a first time to understand the operations with coefficients and their variations. Therefore, before you start to make the first serious bets, it is necessary to understand the scheme of coefficient actions than the betting offices are argued when setting its.
Thus, a coefficient is a number which determines the sum of refund money if was choosen best bet. An example, consider the sports event – the football match of Championship in England the “Arsenal” vs “Tottenham”. Suppose, a certain betting office bets on a coefficient 2.0 on a prize of “Arsenal” (in other words – 2 to 1). It means that the player who had put on prize of “gunners” 100 rubles will get 200 rubles from betting office, and 100 rubles from the last is the sum natural winning. Similarly, the winning is 50 rubles in coefficient 1,5 and the sum of refund equals 150.

The beginner starts to operate skillfully and very fast by coefficient because there is nothing difficult in this. However, the bet fan will be confused when he change the betting office and he has to face there other type of coefficients.
Therefore, it is desirable to get aquainted with the kinds proposed coefficient in the beginning. The classification assumes only tree types: European, English and American.

The betting offices using the European coefficients operating in Europe, Canada and Australia. This type is the most widely, and often beginners are introduced with it for the first time.
The operation principle of Euripean coefficients (its also call decimal)

is very simple. The coefficient represents a number which is multiplied by putting the sum in win case. How was told above, the coefficient 2.0 allows to win 200 rubles in the bet 100 rubles, 3.0 – 300 rubles, 4.55 – 455 rubles. The probability of chosen event is higher when a coefficient less than it, thus, your win is less too.

If the probability of luch each of team is an equal according to the bookmaker, the coefficient of winning will be 2.0. In fact, the figure is the less (for example, 1.85), and the difference is a so-called margin which determines the bookmaker’s outcome from each bet.
Besides, it should understand the number of the players bets can affect the coefficient size, and also the number of proposed coefficients taken event separately.

The English type of coefficients is also very simple. It represents a fractional number, which you can convert into more familiar decimal coefficient for convenience, which was described above. Thus, for example, if the bet is 100 rubles, then the sum of winning will be 400 rubles with the coefficient 4/1 and the decimal coefficient looks like 4.0.
Transformation to decimal coefficient becomes useful in case with more complex fractions. For example, the fraction 5/3 in decimal form takes form of coefficient 1,66, and your win with the bet in 100 rubles will be 166 rubles. In this case the betting office rounds in their favor, and difference in 0,006(6) is the bookmaker profit. This small amount will increase together the sum of a bet. So, when player wins 10’000 rubles, then he loses 70 rubles in bookmaker favor.

The last one type is American. For players from the former Soviet Union this type seems to the most unclear and complex, although the principle of its operation is too simple. These coefficients look like as: -200, -100, +100, +150, etc. The sign “minus” means the sum of net winning will be less a sum of bet (this coefficient would be less than 2.0. for decimal type). So, the figure -200 means that the sum of net winning will be 50 rubles if you bet 100 rubles on. For example, the bet -125 shows us, to receive the net winning in 100 rubles, the player should put on 125 rubles.
In turn, the coefficient with the «plus» sign shows us the sum of net winnings when was betted on an event 100 rubles. That is, a player having bet 100 rubles on the coefficient +300, he will get 400 rubles from a bookmaker, which 300 rubles are the size of net winnings.