Understanding the Trap of Betting on Low Odds

• Low odds means something is likely to happen.
• High odds means something is unlikely to happen.

First example Low Odds

I live in a country where betting had not been allowed before the government established a local bookmaker. We all know that local bookmakers offer very low odds, and most of them don’t allow singles betting.

Anyway, we suppose they offer single bets. Below, I use their official odds from two bookmakers. One of them is from my local bookmaker, and the other one is from an online bookmaker.

Local bookmaker offers:

CSKA MOSCOW v RANGERS 1.8 3.0 3.25

Online bookmaker offers:

CSKA MOSCOW v RANGERS 2.00 3.20 3.40

Second example Low Odds

Here we suppose that we bet to two different online bookies.

Punter-A: Let’s say that Punter-A always bets on NBA games and uses a bookmaker that offers -110 (1.909 in decimal odds) for spreads. He had 1000$ starting balance and bet 50$ on each game. Finally, he had a record of 52 won and 48 lost bets. According to the odds, we calculate the loss he made:

Starting: 1000$
Staked: 5000$
Won: 4963$
Profit: -37$
Final Bankroll: 963$
Situation: -%3.7

Punter-B: Well, we have a more intelligent one, Punter-B who chooses Bet365 bookmaker that offers -107 (1.934 in decimal odds) for under/overs. He had the same conditions, and at the end of the season, he had 52 won and 48 lost bets. According to the odds, we calculate the profit he made:

Starting: 1000$
Staked: 5000$
Won: 5028$
Profit: +28$
Final Bankroll: 1028$
Situation: +%2.8

Consider you bet 5 or 6 bets a day on average, and try to think about the stake you lost just because of using a bookmaker which offers low odds. I don’t bet on a bookmaker that provides -110 for under/over and spreads.

We recommend you to have a few accounts at different bookmakers. An account at bet365 is a must.

Sometimes, bookmakers offer very different odds, and you can catch the better odds at one of them, while the others offer lower odds for the same game.

As a general rule, you should remember that nothing is certain and that betting at low odds does not guarantee you a sure win. In order to achieve a significant net profit by developing a low-odds betting strategy, you need to have two key allies: a high balance to start with and then follow this up with several winning bets in a row.