In our article today, we will talk about the pros and cons of placing express bets, and whether they have a place among professional bettors.
When placing express bets, the probability of winning decreases, but the amount of potential profit increases dramatically. It is known that this type of bet is most popular among beginners and those players who treat betting as entertainment, but do professional players make express bets?
Very often bookmakers publish stories on their websites about how some lucky person, having bet 100 dollars, ended up winning a million. As proof, they provide a coupon of his bet, where we can see that this very lucky client collected an express from a dozen events and - oh miracle! - guessed the outcome of each of them. All this pursues one goal - to show beginners how easy it is to hit the jackpot without risking any significant amounts of money.
Note that express bets are also called "combined bets". Below we will talk about the different types of such bets, consisting of several outcomes, the reasons for placing them, the risks and material benefits.
Express bets with a high probability of winning
What we mean by this subheading is a combination of, usually, two bets, where the probability of one of them winning is very high (for example, that Roger Federer will win in the first round of a Grand Slam tournament). This is often used to increase the payout of the main bet you want to place, and therefore provide a higher return on investment. The risk is that people often underestimate the probability of what seems like an obvious outcome.
Let's say that the probability of Federer winning in the first round against a low-ranked tennis player is 90%. This means that there is a 10% probability that this will not happen. Yes, at first glance, the figure is insignificant, but if the probability of winning on your main bet is, say, 50%, then the overall probability of winning on such a combined bet will be 45%.
Betting on multiple favorites
How advise http://1xbetapp.run another popular option for beginners is a combination bet on all the favorites (for example, football matches of the top leagues) playing on the same day. Let's imagine that you have chosen ten matches, the probability of the favorite winning in each of which is 90% (if we convert this figure into decimal odds, we get 1.11).
Then the probability of victory of all ten favorites (let's not forget that even if at least one of them draws or loses, our express bet is lost) is calculated using the following formula:
1.11 10 = 2.8394
In other words, we get a winning probability of only 32.5%, which, as you understand, is not very much. If the probability of the favorites winning was not 90%, but 80%, the winning coefficient of such a combined bet with ten outcomes would be 10.74%.
In general, as practice shows, fans of making such express bets are usually always “let down” by one or two teams from those they have chosen.
Risk assessment
Another variant of a combined bet may be an express of four or five events, the coefficient of each of which is already quite high (for example, a bet on the underdog of a football match). In this case, the bettor hopes, frankly speaking, for a miracle, but if it does happen, his winnings may reach a gigantic sum compared to the bet amount.
It is unlikely that a professional will use any of the strategies we have mentioned, since placing a combined bet often requires using less favorable odds than the bookmaker offers. In addition, such events are characterized by high volatility.
In addition, amateurs may be limited in their ability to place single bets for large amounts by the size of their game deposit, which is not the case for professionals. It is much easier for them to place large amounts on all events in one line instead of making several bets combined into one.
Professional express placement
And yet, the placement of express bets among professional players is present (and their results are even better than if they placed the corresponding singles), however, speaking about this, it is necessary to understand all the pros and cons of combined bets.
The disadvantages include:
The advantages here are as follows:
Let us dwell on the last two points in more detail.
By value bets, we mean that if each bet you place has an advantage for the player, you can easily cover the amount of additional commissions that the bookmaker charges for bets consisting of several bets.
As for the "system" bets, they involve placing bets on all combinations of the outcomes you have chosen. For example, you have chosen four events with a favorable, in your opinion, expected probability of winning. Then you can make the following combined bets:
This means you have to bet more, covering all possible options, but the return can also increase significantly.
To sum it up, express bets have two sides: either they are a source of thrills and carry virtually no risk (since players operate with small amounts), or, if we are talking about a professional approach, they bring in good income.