Odds are one of the basic elements that are responsible for the success of sports betting at 1win Korea. They determine not only the potential profit of the user, but also the probability of the outcome of the event as estimated by the site’s betting team;

However, many beginners face difficulties in interpreting the odds and using them correctly in their betting strategy. In this article, we will go into detail about what odds are, what types of them exist and how to analyze them to increase the chances of success.

What are Odds and How They Work

Odds in betting are a numerical expression of the probability of a particular outcome of an event. They determine the amount of winnings that the user can get in case his prediction wins. But the odds also reflect the attitude of the betting site team to the probability of a particular outcome.

The principle of operation of the odds on the site 1win is based on the formula: where the percentage of probability expresses the ratio of 1 to the percentage of odds. For example, if the odds for a certain forecast is 2.00, then the probability of this outcome according to the project team is 50% (1/2.00 = 0.50 or 50%).

It is important to realize that the lower the odds, the higher the probability of the outcome. Accordingly, high odds mean that such an outcome is unlikely, but brings a large potential profit.

Basic Odds Formats

There are three main types of odds that can be found in the Project 1 win sports catalog in South Korea. Let’s take a look at their features.

Decimal (European) Odds

This format is most common in Europe, Australia and Canada, but is also found in certain betting markets in South Korea. The following formats are examples: 1.75, 2.50, 3.00.  Profit calculation: bet × odds. For example, a bet of KRW 10,000 with odds of 2.50 will yield KRW 25,000 (1,000 × 2.50), of which KRW 15,000 is the user’s net profit.

Fractional (British) Odds

This format of odds is used for events in Great Britain. They look like this: 5/2, 3/1, 7/4. The calculation of profit is made according to the formula: bet × (numerator/denominator). For example, a bet of 1000 KRW on 5/2 odds will bring 25 000 KRW (1000 × (5/2)), where 15 000 KRW is the net profit.

American Odds

Presented in two formats: positive and negative values. A +200 odds means that a bet of 1,000 KRW will bring 2,000 net profit, while -150 means that you have to bet 1,500 KRW to get 1,000 KRW.

How to Interpret Odds

Odds are not only an indicator of potential winnings, but also a valuable source of information about the probability of outcomes. To effectively analyze odds, you should consider several factors:

• A betting site team’s share (margin) is the percentage that the team puts into the odds to make a profit. For example, if the probability of two equal outcomes (50% for each team) should give odds of 2.00, but the system offers odds of 1.91, it means that part of the profit will be withheld; 
• Odds changes – if the odds on a certain outcome change dramatically, this can be a signal to users. For example, if the odds for a team’s victory drop sharply from 2.50 to 1.80, it may indicate an update of data or changes in expert forecasts; 
• Comparison with real probability – professional bettors independently calculate the probabilities of outcomes based on statistics and compare them with the odds presented on websites.
  

We recommend that you start with the simplest betting formats to further complicate your approach to betting.

How to Use the Odds Correctly 

Let’s take a look at the basic strategies you can apply to analyze the odds at 1 win in Korea.

Searching for Inflated Odds

Overrated odds are the main tool that professional bettors use. The essence of the strategy is to search for odds that do not correspond to the real probability of the outcome.

Flat Strategy

Flat is a method of bankroll management, in which the user puts a fixed percentage of capital (for example, 2-5%) on each bet. This reduces risk, helps preserve capital over the long haul and helps to test more strategies.

Corridors and Forks

A niche strategy in which corridors are bets on opposite outcomes that allow you to profit from certain outcomes.Forks are bets on the same outcome at different betting sites, where the odds allow for a guaranteed profit regardless of the outcome.

Live Betting 

In Live mode, the odds become dynamic and change depending on the course of the match. Experienced users track the most favorable moments to bet and maximize profits.

Mistakes When Working with Odds

Many newcomers to betting make similar mistakes when working with odds in the 1win system. Let’s look at the main ones and how to avoid them:

• Betting without analysis – you should not rely only on the odds on the site, as the conditions will be favorable, first of all, for the team itself; 
• Betting on low odds without considering the risk – many users think that betting on odds with small probability indicators is always safe, but this approach is not always justified;
• Ignoring changes in the odds – if the odds are falling or rising, this can be an important signal to change strategy; 
• Lack of bankroll management strategy – even with the right analysis, it is important to allocate finances correctly to maximize profits.
  

Today, odds are a valuable tool that helps users analyze events and make informed decisions. Understanding their structure, probabilities and strategies for using them can significantly increase the chances of success in betting. A proper approach, analysis of odds movement and discipline in bankroll management can minimize risks and maximize the benefits of each bet.

If you want to make successful bets, always compare odds, follow the changes and analyze the odds yourself. This is the difference between an amateur and a professional in betting.