What Is A Reverse Bet

2021年10月25日
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Forescast bets explained. Find out how to place forecast bets and reverse forecasts, find out how both bets work and where to place them. Learn the counter-intuitive concept of Reverse Line Movement (RLM). This is a very valuable tool to understand and have in your sports handicapping toolbox.
*What Is A Reverse Beta
*What Is A Reverse Bet
*What Is A Reverse Forecast Bet
*What Is A Win Reverse Bet
In poker, pot odds are the ratio of the current size of the pot to the cost of a contemplated call.[1] Pot odds are often compared to the probability of winning a hand with a future card in order to estimate the call’s expected value.Converting odds ratios to and from percentages[edit]
Odds are most commonly expressed as ratios, but converting them to percentages often make them easier to work with. The ratio has two numbers: the size of the pot and the cost of the call. To convert this ratio to the equivalent percentage, these two numbers are added together and the cost of the call is divided by this sum. For example, the pot is $30, and the cost of the call is $10. The pot odds in this situation are 30:10, or 3:1 when simplified. To get the percentage, 30 and 10 are added to get a sum of 40 and then 10 is divided by 40, giving 0.25, or 25%.
To convert any percentage or fraction to the equivalent odds, the numerator is subtracted from the denominator and then this difference is divided by the numerator. For example, to convert 25%, or 1/4, 1 is subtracted from 4 to get 3 (or 25 from 100 to get 75) and then 3 is divided by 1 (or 75 by 25), giving 3, or 3:1.

Using pot odds to determine expected value[edit]
When a player holds a drawing hand (a hand that is behind now but is likely to win if a certain card is drawn) pot odds are used to determine the expected value of that hand when the player is faced with a bet.
The expected value of a call is determined by comparing the pot odds to the odds of drawing a card that wins the pot. When the odds of drawing a card that wins the pot are numerically higher than the pot odds, the call has a positive expectation; on average, a portion of the pot that is greater than the cost of the call is won. Conversely, if the odds of drawing a winning card are numerically lower than the pot odds, the call has a negative expectation, and the expectation is to win less money on average than it costs to call the bet.Implied pot odds[edit]
Implied pot odds, or simply implied odds, are calculated the same way as pot odds, but take into consideration estimated future betting. Implied odds are calculated in situations where the player expects to fold in the following round if the draw is missed, thereby losing no additional bets, but expects to gain additional bets when the draw is made. Since the player expects to always gain additional bets in later rounds when the draw is made, and never lose any additional bets when the draw is missed, the extra bets that the player expects to gain, excluding his own, can fairly be added to the current size of the pot. This adjusted pot value is known as the implied pot.Example (Texas hold’em)[edit]
On the turn, Alice’s hand is certainly behind, and she faces a $1 call to win a $10 pot against a single opponent. There are four cards remaining in the deck that make her hand a certain winner. Her probability of drawing one of those cards is therefore 4/47 (8.5%), which when converted to odds is 10.75:1. Since the pot lays 10:1 (9.1%), Alice will on average lose money by calling if there is no future betting. However, Alice expects her opponent to call her additional $1 bet on the final betting round if she makes her draw. Alice will fold if she misses her draw and thus lose no additional bets. Alice’s implied pot is therefore $11 ($10 plus the expected $1 call to her additional $1 bet), so her implied pot odds are 11:1 (8.3%). Her call now has a positive expectation.Reverse implied pot odds[edit]
Reverse implied pot odds, or simply reverse implied odds, apply to situations where a player will win the minimum if holding the best hand but lose the maximum if not having the best hand. Aggressive actions (bets and raises) are subject to reverse implied odds, because they win the minimum if they win immediately (the current pot), but may lose the maximum if called (the current pot plus the called bet or raise). These situations may also occur when a player has a made hand with little chance of improving what is believed to be currently the best hand, but an opponent continues to bet. An opponent with a weak hand will be likely to give up after the player calls and not call any bets the player makes. An opponent with a superior hand, will, on the other hand, continue, (extracting additional bets or calls from the player).Limit Texas hold’em example[edit]
With one card to come, Alice holds a made hand with little chance of improving and faces a $10 call to win a $30 pot. If her opponent has a weak hand or is bluffing, Alice expects no further bets or calls from her opponent. If her opponent has a superior hand, Alice expects the opponent to bet another $10 on the end. Therefore, if Alice wins, she only expects to win the $30 currently in the pot, but if she loses, she expects to lose $20 ($10 call on the turn plus $10 call on the river). Because she is risking $20 to win $30, Alice’s reverse implied pot odds are 1.5-to-1 ($30/$20) or 40 percent (1/(1.5+1)). For calling to have a positive expectation, Alice must believe the probability of her opponent having a weak hand is over 40 percent.Manipulating pot odds[edit]
Often a player will bet to manipulate the pot odds offered to other players. A common example of manipulating pot odds is to make a bet to protect a made hand that discourages opponents from chasing a drawing hand.No-limit Texas hold ’em example[edit]
With one card to come, Bob has a made hand, but the board shows a potential flush draw. Bob wants to bet enough to make it wrong for an opponent with a flush draw to call, but Bob does not want to bet more than he has to in the event the opponent already has him beat.
Assuming a $20 pot and one opponent, if Bob bets $10 (half the pot), when his opponent acts, the pot will be $30 and it will cost $10 to call. The opponent’s pot odds will be 3-to-1, or 25 percent. If the opponent is on a flush draw (9/46, approximately 19.565 percent or 4.11-to-1 odds against with one card to come), the pot is not offering adequate pot odds for the opponent to call unless the opponent thinks they can induce additional final round betting from Bob if the opponent completes their flush draw (see implied pot odds).
Football parlay bets. A bet of $6.43, resulting in pot odds of 4.11-to-1, would make his opponent mathematically indifferent to calling if implied odds are disregarded.Bluffing frequency[edit]
According to David Sklansky, game theory shows that a player should bluff a percentage of the time equal to his opponent’s pot odds to call the bluff. For example, in the final betting round, if the pot is $30 and a player is contemplating a $30 bet (which will give his opponent 2-to-1 pot odds for the call), the player should bluff half as often as he would bet for value (one out of three times).
Slanksy notes that this conclusion does not take into account some of the context of specific situations. A player’s bluffing frequency often accounts for many different factors, particularly the tightness or looseness of their opponents. Bluffing against a tight player is more likely to induce a fold than bluffing against a loose player, who is more likely to call the bluff. His strategy is an equilibrium strategy in the sense that it is optimal against someone playing an optimal strategy against it, though no lesser strategy can beat it (another strategy may beat the lesser strategy by more).See also[edit]Notes[edit]References[edit]
*David Sklansky (1987). The Theory of Poker. Two Plus Two Publications. ISBN1-880685-00-0.
*David Sklansky (2001). Tournament Poker for Advanced Players. Two Plus Two Publications. ISBN1-880685-28-0.
*David Sklansky and Mason Malmuth (1988). Hold ’em Poker for Advanced Players. Two Plus Two Publications. ISBN1-880685-22-1.
*Dan Harrington and Bill Robertie (2004). Harrington on Hold’em: Expert Strategy For No-Limit Tournaments; Volume I: Strategic Play. Two Plus Two Publications. ISBN1-880685-33-7.
*Dan Harrington and Bill Robertie (2005). Harrington on Hold’em: Expert Strategy For No-Limit Tournaments; Volume II: The Endgame. Two Plus Two Publications. ISBN1-880685-35-3.
*David Sklansky and Ed Miller (2006). No Limit Hold ’Em Theory and Practice. Two Plus Two Publications. ISBN1-880685-37-X.Retrieved from ’https://en.wikipedia.org/w/index.php?title=Pot_odds&oldid=992078506
So, how does sports betting work? It’s very simple once you understand the basic concepts. You make a wager on the outcome of a game, race, fight, or other sports event, and if your prediction comes true, you win real money.
How much you win depends on the odds you’re given by the betting site. We’ll explore sports betting odds in greater detail in the next section, but for now, a couple of examples will help.
*If you bet €10 on a football team to win at 10/1 odds, you will make €100 in profit if you are correct.
*If you bet the same €10 on a football team to win at 3/1 odds, you will win €30 if your prediction is correct.
The simplest sports bet, and the one most people make, would be trying to predict which team or athlete will win a sporting contest. Sticking with the example above, you might try to pick the winner of a football match between Barcelona FC and Real Madrid. You could bet on either team to win, or you could bet on a draw. Each outcome will have different odds.
Can casinos control your winnings. These days, you can bet on so many different things. You can bet on the outright winner, as you have been able to since sports betting began, but you can also bet on a range of other outcomes. Sticking with football as an example, you can bet on things like:
*Total goals scored.
*Goals scored in each half.
*Goals scored by each team.
*First team to score.
*Next team to score.
*Correct score.
*Half time result.
*So much more!
Thanks to live betting, also known as in-play betting, you can bet on many in-game events. For example, if one team is awarded a penalty kick, you can bet on whether or not they’ll score from it. Odds are offered and updated in real-time. This adds lots of extra excitement to common sports events.
Regardless of what you can bet on, the basics of sports betting remain the same. You stake an amount of real money on an outcome, and if you’re correct, you win back more than you wagered in accordance with the odds. Most online bet slips will automatically calculate exactly how much you stand to win and lose before you confirm the bet.There is always a sporting event taking place which you can bet on..How Do Odds Work In Sports Betting?
We’ve already given you one example of sports betting odds in the fractional format. Let’s get into more detail now with some more hypothetical examples.What Is A Reverse Beta
*If you bet on Crystal Palace to beat Manchester City at 12/1 odds, you’ll win €12 for every €1 you risk. Notice that the amount you need to risk is on the right of the fraction, and the amount you could win is on the left.
*If you bet on Tyson Fury to Beat Anthony Joshua at 3/5 odds, the same formula stands. You’ll have to risk €5 to win €3. Odds like this are often offered on favourites.
*Odds can also be displayed in decimal or American formats. Most top sports betting sites will allow you to convert them at will. Which format you will use will likely depend on where you’re from in the world.
*These days, odds update in real-time, and many bookmakers will offer you early cashouts. Let’s say that you place that 12/1 bet on Crystal Palace to beat Manchester City, and after 10 minutes, Crystal Palace scores the first goal. The bookmaker may tempt you to cash out early with a guaranteed profit. Likewise, if Manchester City score first, the bookie might allow you to cash out a small amount and cut your losses.
*Many bookmakers offer guaranteed best odds. If you find a better price at another betting site, they’ll often match or better the offer. Don’t be afraid to ask the customer support team to match a better deal if you find one.
Hopefully, this answers the question “how do odds work in sports betting?” adequately.Desktop VS Betting appsThere is an ongoing discussion in regards to what device is the optimal device to place your bets on and in reality, it is a matter of personal taste. Betting on an app comes with more flexibility while a computer offers more data points however betting apps gives you a lot of flexibility as you can just pick up your phone and place a bet. More operators today offers very good state of the art apps for betting and the market is moving more and more towards app usage. Ideally we recommend that you use both for the reasons listed above. How to Win Betting on Sports
We are sports betting experts with decades of experience in the industry. We’re happy to give you some battle-ready sports betting tips to help you win more often.
*Bet on What You Know – If you’ve been watching horse racing for 20 years, bet on horse racing. If you’re a Premier League football wizard, bet on EPL games. If you bet on what you know and understand, you’ll have a better chance of winning.
*Research Your Bets – Most top online betting sites have stats centres and expert-written analysis to help punters make better bets. Some even have podcasts with guest appearances. There’s a wealth of knowledge at your fingertips. Use it to your advantage.
*Hedge Your Bets – It’s not always possible, but if you’re going to bet on a favourite and take a big risk, you should consider placing a small bet on the underdog to hedge your risk. This way, you can make money if you’re right, or you could win a substantial amount of your stake back if you’re wrong.
*Bet on Underdogs – Some punters prefer to only bet on unlikely outcomes with long odds. If you do this, you’ll lose small amounts quite often, but when you eventually get a bet right, your wins should cancel out your losses plus some profit. For example, if you lose 60 x €1 bets on horse racing and then win a €1 bet at 100/1 odds, you’ll be €40 in profit.
*Bet Responsibly – Perhaps this is the most important betting tip of all. Never bet more than you can afford to lose. Betting should be fun. You should never view it as a way to replace your income. Betting responsibly also includes smart bankroll management. Don’t place 1 x €100 bet. Instead, place 5x €20 bets at similar odds. Diversify your risk, and never put all of your eggs in one basket.
Now you know how to win betting on sports. What are you waiting for?What Is a Reverse Bet In Sports Betting?What Is A Reverse Bet
There are many exotic bets that involve multiple picks. So, what is a reverse bet in sports betting?
A reverse bet is one of the most basic exotic bets. It consists of at least two bets, the second of which is triggered if the first is successful.
For example, you could bet on Liverpool to win on a Saturday football match and Chelsea to win on a Sunday match. If Liverpool wins, the second bet will automatically be placed. However, if the first leg of your bet fails, the second will never be placed.What Is A Reverse Forecast Bet
Accumulator bets are similar in structure in that you are betting on at least two outcomes. However, in the case of ACCAs, the bets can run simultaneously. You could bet on two or more Saturday matches happening at the same time, whereas with a reverse bet, the first bet has to settle before the second one is triggered.What Is A Win Reverse Bet
These bets involve more luck, and so they’ll often pay much better returns. That’s a general principle in sports betting – the more unlikely something is to occur, or the more things that could go wrong, the longer the odds will be.
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