Understanding Betting Odds in 5 Minutes

How Betting Odds Work? If you're trying to understand the logic behind betting odds this video is the solution. Caan Berry explains how betting odds work in sport, what platforms are best and how you should be thinking about betting odds. It's a key explainer if you're a sports fan.

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This video explains how do betting odds work for sports betting.

[UnitedPacci]

I really like what you're doing. We need to spread the word about exchanges. Only the problem is in my country specifically on forums it's hard to talk to people about exchanges since people are so focussed on traditional bookmakers. Almost nobody seems to be interested in exchanges. It's so frustrating because they get mad when they're restricted or have bad value. It's not as popular as in the UK. I always explain the benefits of exchanges compared to bookmakers.

[darrylkassle]

My dad was an old school penciled you know he recorded and worked out the odds but also had to adjust odds in relation to bets.
What you to amaze me is when there was a rush of punters 20+ people all wanting to bet at the same time and he would accurately work it all out including recording the bets.

Try it in real time I believe 9 out of 10 people would get it wrong . It really is an amazing skill. I can do it with adequate time but in practice there is no way. Hence I had a lot of respect for my dad!!!

[MadPeanutzz]

You're a good man Caan, a true ledgend. Always informative and accurate. Top bloke

[James-wdib]

You gotta pause every time you see... amazing tips

[trish]

Caan what is your opinion on betting on football matches that AREN'T covered by any betting exchanges, only by a bookmaker? For example, sometimes I see matches that are offered by the Betfair sportsbook but NOT by their exchange. Should these matches be avoided?

[fylouqs]

this is the best video made Caan since you started youtube, love it !

[benjones]

Felt like I was back at school here, trying my damndest to keep up but still scratching my head with my mouth open😂 Ill keep trying👌🏼👌🏼

[dubcindub]

Good video Caan. I use a 2 horse race analogy instead of football win/draw/win. If 2 identical horses run a race, they have the same chance of winning, same as a coin toss, so each should be even money or 1/1 or 2.0 However the bookies will price them both at 5/6 or 10/11. In both cases you can't make a profit, you put 100 on each and get back either 183 or 191 regardless of who wins, the remaining 17 or 9 quid missing is the bookies profit margin on the race. The most recent 2 horse race in the UK had a 1/25 favourite at SP, do you think the other one was 25/1 for a 100% book?? B0llox it was, it was only 14/1, works out at 2.7% in the bookies favour. If I could make 2.7% on a coin toss every time regardless of result, I'd swap 8 fingers for coin flicking thumbs!

[mylifegamer]

Thank you for sharing this info dude, I am looking to start my career in sports betting and I will be using your all strategies. let's see what happens!

[odiokoemmanuel]

Hi, need some help, where can I line shop to get the best odds for international bookies.

[PH.YouTube]

Great insight mate. Helped me land a big role at a huge betting firm this video! I didn’t know anything about betting until seeing this.

[freespirit]

those Tips are amazing
i wish i have those tips right now

[GileraHD]

Great video mate! Very interested in trading, and so many good videos on your channel :)

[johnnyeboy]

Thanks Cann, your the man !! Hope your well buddy, stay safe

[rastkodincic]

Can someone explain what he is trying to say from 3:08 till the end. Until 3:08 I catch and understand all but after I lost him. Can't understand what he is trying to say. Thanks.

[johnoldroyd]

Just purchased your book. Trying to locate a good lay to back app the ones I have seen are all other way around. Any advice?

[kingem]

Freaking love this, why go into something if you have no idea about it?!

[MrAKFourSeven]

can someone explain to me the difference between payout and cashout and the double commission applied, I am not sure I get why the double commission is happening...

[samifaj]

Hi I have a question... let’s say I put £10 that Spurs is going to win against Burnley and they do, how much will I get back?

[hotsmissed]

how did you come up with cash-out price? between 4.0 and 3.5 ? how do you figure that out?