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Plain guides to how a bet works — odds, markets and the slip

Last updated: ·By BonusesInsider editorial team

BonusesInsider writes plain guides to how a bet works. A price is a percentage, every market settles by a rule you can read before you bet, and an accumulator multiplies the return and the risk together. Each guide works its arithmetic through a worked example.

The guides

  • Betting basics — A decimal price is a chance: 1 ÷ 2.50 = 40%. When a price is worth taking, and how big a stake survives a bad week.
  • Betting markets explained — What each market means and how it settles: Asian handicap, over/under, both teams to score, double chance, draw no bet, correct score, half-time/full-time, goalscorer, outrights and system bets.
  • Accumulator betting — Why the odds multiply, what a void leg does to the ticket, and a calculator for the return.
  • Cash out explained — What settling a bet early means, and what welcome-bonus terms say about a cashed-out ticket.
  • Odds converter — Decimal, fractional, American and implied probability, each converted into the others.
  • Betting glossary — The words on a betting slip, one plain definition each.

Elsewhere on the site

Who writes the guides and how the site earns: about BonusesInsider. A self-check and helplines: responsible gambling. Is online betting legal where you live: India, Pakistan, Bangladesh, Nepal, Sri Lanka and Nigeria. Sport guides: football, cricket, tennis, basketball and the NBA, esports, and UFC and MMA.

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