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How To Read the Odds Comparison Sites

What’s the main reason for visiting an odds comparison website? The obvious answer is to observe which online bookmaker offers the best odds on a bet you’re about to place. But you shouldn’t use the odds comparison only to choose a suitable bookmaker. In fact, an odds comparison website should be one of your main visits before placing a bet; even if you have an account on a single online bookmaker and you don’t intend to sign up on a different one.

The offered odds and their comparison don’t function only as a matter of competition among online bookmakers. They could give you accurate and concentrated information about the match and the global bookmaker’s view of the bet in question in your way to how to beat the bookies. This information can prove to be extremely valuable, guiding you to more winning decisions as long as you know how to decode them. Read our article and learn the best odds comparison sites and how to use them effectively.

Top 3 Odds Comparison Sites

BMB_Best IconIf you’d like to deal with odds comparison to get additional information about a bet, you need to follow the best websites and the 5+1 steps listed below. Before you do it, you need to keep in mind that during the last couple of years, the odds differences are minimized and seldom exceed 0.15 (Decimal Odds), especially in matches where the favorite’s odds are offered below evens (2.00).

You’ll find some differences that seem significant in outsiders’ odds, but this doesn’t mean you’ll have to focus only on upsets to take advantage of which odds are likely to win.

5+1 Things To Consider On Odds Comparison Websites

BMB_Betting TipsThe decoding procedure is not as easy as the odds comparison sites try to display. Many of them push you to use various tools, such as the odds average or the highest odds by the bookmaker, supposedly to help you make the right decision. But these tools are utterly useless, if not misleading when you like to conclude what’s going on on the match you're checking.

Unfortunately, analyzing odds is not as simple as just glancing at the highest odds or the trending moves by the bookmakers and picking the decreasing odds. Now, you can discover the best tips to use these websites in your favour.

Writing off the rake

BMB_Number_OneIt goes without mentioning that every online bookmaker keeps a different percentage of your stake for himself, the so-called rake. Some bookies’ rake is as slim as 1-2%, on the contrary, some government-held betting shops go as high as 15-17%.

To better understand a bookie's real opinion about a match, you have to subtract the rake percentage from the odds and then compare them on an equal basis. If you do this, you’ll notice a completely different look from what you see on a normal odds comparison website.

Not counting the betting exchange

BMB_Number_TwoThis is an obvious option. Betting exchange odds could distort the average and should be taken off before you count the bookie’s view about a bet. Not only because their commission percentage is nonexistent (they get some 5% from the winnings but don’t incorporate the commission in starting odds) but also because the betting exchange is basically a platform where two or more bettors are matching bets and not a bookmaker offering specific odds.

If the amount of money matched on one bet is small, the odds could be far more different than those of other online bookmakers.

Observing bookmakers’ habits

BMB_Number_ThreeIn general, online bookmakers have nearly the same attitude on almost any match. In a global market where things change with every passing moment, it’s really hard to find which betting site has the highest odds. Still, there are bookies that traditionally offer better odds on favorites and others who shorten favorite’s odds to offer higher prices on outsiders. Some others count on special bet odds, minor league odds or on live betting odds.

Isolating national betting shops

BMB_Number_FourApart from international bookmakers, the various odds comparison websites include odds from national lottery companies, some of which are not available to other countries. These “national” bookmakers could be useful to your research, as their compilers have accurate information about the national league matches, making their “odds cutting” procedure more effective than other leagues.

You should isolate the local bookmaker’s odds when you’d like to bet a match from a specific league, like the EPL, and give them an additional point if the English Premier League Odds, for instance, are somewhat different than the global bookmaker’s websites.

Counting your own average

Number 5 iconThis is a somewhat uncomfortable option, as it demands some additional work from you. Instead of just looking at the average odds on odds comparison websites, you’re advised to choose a bookmaker from the list (usually the most popular ones) and make your own average.

The reason is simple: Every odds comparison website is comparing, in most cases, about 60 to 80 different bookmakers. But some (if not many) of these bookmakers are, in fact, mirror websites, following the odds changes according to big bookie’s view. Containing a lot of these bookmakers, the average could garble too much, so the bookie’s opinion about the match could be blurred.

Additional tip (5+1)

BMB_AlternativesThis is for punters who are paying attention to the slightest details in their bid to go pro. You have to identify every bookmaker’s attitude about every league, checking, for example, our Marathonbet Review and other reviews.

We should mention that odds are not the same in every match, and there are some bookmakers who have traditionally better understanding than others in specific leagues based on their starting odds. With systematic observation, you’ll notice a lot of things about how a bookie treats the various leagues and when you’d like to bet on a specific match.

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