For football fans who are just starting out in the world of sports betting, odds are a central element to all bets on the Premier League. Encrypted values, odds are directly relating to the probabilities surrounding the match of your choice, and will also be directly related to the scenario on which you want to bet. For example, if you want to bet on the victory of Manchester City over Watford, you will place your money on the bet 'Manchester City to Win' (e.g. at odds of 6/5), and vice versa.
What is also important to understand is that the values of odds will always be directly proportional to the likelihood of an outcome to occur. In more simple terms, the riskier the Premier League bet, the higher the odds offered on that bet will be. To show this we will look at the same example of a Premier League fixture between Manchester City and Watford. In this scenario, the success of Manchester City will be offered at quite low odds (e.g. 6/5), while the odds on Watford's victory will be much higher (e.g. 5/1). As such, your potential winnings will be higher in the event of a winning bet of Watford, as opposed to on Manchester City, due to the higher risk associated with the wager - Logic.
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To calculate your potential winnings on the Premier League, the formula to be applied is always the same - Odds x Stake Bet = Potential Winnings. In this way, the potential winning associated with a meeting between Manchester City and Watford will be as follows:
As you can see, the success of a bet on Manchester City is much more likely than on the same bet for Watford, which as a result meanings that a successful bet on Watford will produce greater potential earnings. In this case, it is up to you to use your own judgment to develop your own English Premier League betting strategy - which you can apply to all forms of Premier League bet, such as on Premier League Title odds and Premier League Relegation odds.
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As soon as the values of odds enter into your betting calculations, the usefulness of comparing the odds proposed on the market becomes evident. As different bookmakers on the market (e.g. Bet365, William Hill, Betway) can all offer different odds values on the same bet, it is financially logical to compare these odds to bet on the bookmaker that offers the highest value. By slightly adjusting the above calculations, we can illustrate how the higher the value of odds are, the higher potential gains you will receive - the proof is in the numbers:
For the same bet on the same match, I stand to win £20 more by placing by bet with William Hill than with Betway. Thus showing the interest of comparing Premier League betting odds before placing your wager - over the course of a whole season you may notice a difference in a few hundred pounds. There can only be one solution: registering with all bookmakers on the market. You can have similar reasoning for all competitions, be it for Championship odds or whatever.
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In addition to varying amongst bookmakers, know that odds can also see their value change over time. There are many parameters which can directly impact the odds that are offered by sports betting sites - player injuries, form, suspensions, or even statements made by coaches. For example, before a Premier League match between Tottenham and Bournemouth, the odds proposed for Tottenham's victory may increase from 9/5 to 2/1 if Spurs lose their best player to injury. Without their star player, Tottenham may find it more difficult to beat the Cherries, and as such the odds offered on their success will be raised by online betting sites.
The question then arises, when is the best time to take advantage of the odds proposed when Premier League betting? Is there an exact time for every match? According to or experts in Premier League betting odds, the answer is, unfortunately, no. Given that there are a huge number of variables that can influence every game of this English football league, it is impossible to determine the precise moment to place your online bet. For each fixture, it is necessary to rely on instinct - in accordance with your own feelings combined with all the latest news surrounding the two teams involved in your chosen bet. At a push, be aware that betting early on a favourite will always be an appealing prospect - the odds are potentially higher, and will often be devalued the closer the time comes to kick-off.
Check out Premier League Odds Now!
To help you to quickly and easily find the best Premier League odds, our experts at Wincomparator have developed a tool that is 100% dedicated to comparing all the odds available on the English Premier League. Every day, for every phase of the competition, at any time of day, you can have a glance at the our page to check out the bookmakers who offer the highest value for the bet of your choice. Rather than having to compare each site individually to see which one offers the highest potential earnings, you can save valuable time and be sure not to miss out on the best odds available on the market - in short, saving both time and money.
To find all the best odds available on the Premier League match of your choice, our technology is also quite simple - all the odds offered on the UK market are analysed in real time, and the highest are instantly displayed on our comparative table. And if the odds are equal? In this case it is again simple, if two bookmakers offer the same odds on your bet, we give priority to the site we have ranked higher based on a number of criteria (welcome bonus, site quality, design, speed, intuitiveness, etc.). Without doubt, place your bets!