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.
Don't stop there though! There are more helpful tutorials and guides on the KZbin betting series link shared below: • Playlist
For more sports betting tips, subscribe to Caan Berry Pro Trader: / caanberry
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#Betfair #BetfairTrading #SportsTrading
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.

[@CaanBerryProTrader]

Thanks. I think its important to share the ins and outs of how betting odds work for the broader audience. So many don't even realise, yet have a wager every week. Makes no sense whatsoever... lets get the word for exchanges out!

[@BettorRich]

whats the name of your forum?

[@darrylkassle361]

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-wd9ib]

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

[@benjones3819]

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👌🏼👌🏼

[@a7xfanben]

Thanks for the explanation!

[@user-fy3lo3uq8s]

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

[@edwardfrench796]

Love your videos mate

[@CaanBerryProTrader]

Cheers. We do try, wether its explaining how betting odds work or exposing how tipsters work. Its all useful to the public.

[@staffordnelson9053]

Well explained.Thank you

[@CaanBerryProTrader]

You are welcome.

[@trish6]

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?

[@dubcindub15]

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!

[@CaanBerryProTrader]

Yes that works too! haha, wouldnt we all, its a huge margin when you look at the amount of events its scaled on.

[@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.

[@hanschristianramos9219]

Hey man would love to connect with you, having an interview in 2 days mate on a betting firm too

[@mylifegamer1]

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!

[@Darts-kh2rs]

I can help if you can contact

[@earthling2022]

I didn’t understand

[@LoneWoIfPack19]

THANK YOU!

[@CaanBerryProTrader]

No problem, my pleasure.

[@GileraHD]

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

[@CaanBerryProTrader]

Thanks, we do try.

[@johnnyeboy33]

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

[@CaanBerryProTrader]

Thanks 👍 I'm all good.

[@freespirit1869]

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

[@guywren4801]

The 100% is not the overound. Its the bit that's over the 100% that is the overound

[@CaanBerryProTrader]

There's always one isn't there...

[@johnoldroyd5244]

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?

[@Darts-kh2rs]

I can help with. Advice can conta t

[@kingem8833]

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

[@odiokoemmanuel2478]

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

[@weeb3277]

3:48 shouldn't the 2% be £9?

[@rastkodincic4723]

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.

[@Super33Saiyan]

I'm with you on this one... he lost me completely after 3.08 and the cash out or whatever and downhill till the end. And no one replied your comment to explain more...

[@AmiPropagator]

Ditto for me. He might as well been speaking another language

[@Showsumlv3]

What’s the difference between a bookie price and a exchange price?

[@CaanBerryProTrader]

Bookie chooses their price, controlling the margin. The exchange price is set by supply and demand between the general public. The end result being, nearly every time you will get a bigger price on an exchange.

[@Showsumlv3]

Caan Berry Pro Trader Thank you man! Love your videos, keep it up!

[@musicalexandr5968]

How then can we win a sure multibet

[@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...

[@CaanBerryProTrader]

Cashout is the feature used when you sell your bet back to the provider. With a bookie they will slap another ridiculous margin on it, with an exchange you pay the market value. So with a bookie its effectively double commission, once on the way in, once on the way out. Exchange, you pay on your net win only and get market value both times, not a price they made up.

[@MrAKFourSeven]

@@CaanBerryProTrader thanks a bunch it clearer now 😊

[@hotsmissed9965]

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

[@CaanBerryProTrader]

decimal odds include the stake

[@samifaj8831]

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?

[@CaanBerryProTrader]

That would depend on the price at the time.

[@tawilk]

you lost me at the 4:00 mark. why would the true price change for the same overall bet? how'd you calculate the 14.29# profit, then change it to 3.75 with a 6.67# cash out offer? any clarification would be great. thanks!

[@CaanBerryProTrader]

Because bookies dont offer cash out at "true market value" they are adding their margin to the odds twice. The true price never changed, just the offered price.

[@tawilk]

@@CaanBerryProTrader can you explain how you got the 14.29#?

[@CaanBerryProTrader]

Sure. Stake = 100 Total return = 400 because 100 * 4.0 = 400 Cashout price = 3.5 400 / 3.5 = 114.29 114.29 minus your original stake of 100 leaves you 14.29.

[@BenfasStats]

Is supposed to be a simple information for the people who don’t understand…

[@humandetox5774]

Its between 5-10% ?

[@CaanBerryProTrader]

No, read this: caanberry.com/new-betfair-rewards/

[@strawberrysoup6571]

I am grateful, before I arrived here I was like Jon Snow.

[@CaanBerryProTrader]

Waiting for winter? haha

[@conradkaita9184]

I still don't understand it. It's not clear and slow

[@stinger7799]

Is 5/4 greater than 2.0

[@CaanBerryProTrader]

Yes. 2.0 is equal to 1 / 1

[@jamiewainwright7104]

Still don’t get it

[@SiyabongatotalZwane-tp9wb]

is it about prediction or maths guys help me

[@CaanBerryProTrader]

Maths, always.

[@tuelarsen205]

nice1

[@fesimco4339]

I thought this was a video explaining betting odds not an advertisement for a betting platform...

[@CaanBerryProTrader]

It is, there's no advert mate, just maths.

[@hero3bash]

oh so this video is an ad

[@omarsanyang6078]

I dont understand

[@CaanBerryProTrader]

Im not sure I can simplify it much more. Maybe rewatch?

[@renzomenos2528]

How is 4/5 55%… that’d be 80%

[@Sam-mj5bh]

Jason Statham explains

[@CaanBerryProTrader]

Haha or Jonny Sins as others have said.

[@wayneself7319]

Well that's a waste of time just pushing an app.

[@garethsands1586]

7 isn’t 2% of 450 lol it’s 9

[@CaanBerryProTrader]

It's 2% of WINNINGS (350). 450 minus initial stake of 100 is 350, of which 2% is 7. lol

[@mimilkimilidin1247]

Gangerti bahasa nya

[@493HZ]

Chelsea to win 4.5 😂😂😂😂

[@alexdrake8979]

do some thing usefull go back to the army or give some money to NHS or homeless...

[@CaanBerryProTrader]

Every video, Alex. Do you not have anything better to do? You're a super-fan, so thanks for that! Done more than my bit already thanks. Hope you do the same, instead of consistently leaving derogatory comments.

[@busimo]

fuck off loser

[@willzjohns556]

Am in Malawi.. betfair is not available for us, only the bookmakers the likes of bet 365 BETWAY premier bet and worldstar betting Malawi. I prefer betting the over 1.5 goals market during live games for consistent winning. I agree the cash out system is just wack man..

[@CaanBerryProTrader]

I wouldn't use any of those firms myself