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A lot of people have a misunderstanding of how sports betting sites make money. Many think that bookmakers make money when you lose and lose money when you win. This is not how it works. Think about the entire picture for the betting site. They accept bets on all potential outcomes of a given event. Thus, their goal is to balance the potential payout liabilities on all potential outcomes, and then set the odds to ensure that they make a little bit of money on each and every event, no matter the outcome.
This process is what allows for variability of betting odds for a given event between sports betting sites. When one company moves to change their odds one way for a given event, another might need to move their odds in the opposite direction. Thus for a bet on the exact same outcome of a given event, the odds can vary significantly between reputable betting sites. For many players that really enjoy all the small parts of betting on sports, the analysis, the game stats etc, odds comparison can be another helpful tool in terms of how bettors lay their stakes.
Game, team and player analysis can help you to decide the outcome you’d like to predict. An odds comparison site for Germany like OddsJet.com can help you to quickly find which betting sites are offering the highest odds for your bets of interest. OddsJet in particular offers many national site versions, including two for Germany: one in German and one in English. They organized their site this way for the same reason we made this site. Not every international betting brand serves Germany. They want their German site visitors to have the best possible experience, so they only include betting sites that accept customers from Germany.
In the end if you are a really casual bettor, odds comparison may not matter. If you want to get the best value as part of your sports wagering experience, odds comparison sites are a quick way to check if you are getting good value from your particular betting site or if others are offering significantly better value for your bets of choice.
The ‘outright winner’ betting market denotes the winner of a given league or tournament. As a betting market,the outright winner can have the highest variation in odds pricing between betting sites. This can especially be the case when a bettor considers a potential outright winner that is not the heaviest favourite.
Potential payouts can differ between bookies by as much as 50% or more depending on the teams or players involved. Given such significant variability in potential payouts and the length of time you may need to wait for your bet to potentially payout, it makes a lot of sense to compare outright winner odds before you make your bet.
Imagine you wanted to bet on Leicester City to win the Premier League outright at the star of the 2015/16 season. Chelsea would have been the heaviest favourites, having won the previous season. The Foxes however were in the grouping of teams at the bottom of the list with the highest odds of anyone to win the league. At some sites, this was as little as 2500 to 1. At other sites, Leicester were 5000 to 1.
That’s a 100% difference in the potential payout. While of course their story was one of the unlikeliest in sports history, the reality is that they did win. If you’d put a fiver down, would you prefer a payout of ¤12500 or ¤25000? Stupid question, I know.
This is why comparing odds is useful. Creating and funding accounts could not be
any easier than it currently is. Don’t leave your potential payouts on the table
when in comes to your long-
In business, earnings come through profit margins. It is the same for online bookmakers. Odds margins are usually set anywhere between 2% and 10% depending on the sport, the betting site and the betting market (1X2 match betting, Totals, Handicap etc). Here is how odds margins work for a simple calculation for a typical football match with 1X2 match betting.
[(1/Decimal Odds Home)*100 + (1/Decimal Odds Draw)*100 + (1/Decimal Odds Away Win)*100
Borussia Dortmund -
[(1 / 1.80) * 100 + (1 / 3.50) * 100 + (1 / 4.10) * 100] -
When you play with a single sports betting site, you must play with the odds that they provide and these odds are based on their own ‘book’. The ‘book’ is the collection of all the bets that have been placed by their customers, plus the kind of profit they want to derive. In the end, your opinion on the game is at the mercy of their odds and their margins. With this kind of profit margin above, you would need to win a significant majority of your bets over time in order to maintain profitability.
With OddsJet, because you get a chance to compare odds for your opinions, your highest available odds might look like this:
Borussia Dortmund -
[(1 / 1.85) * 100 + (1 / 3.70) * 100 + (1 / 4.50) * 100] = 3.3% odds margin.
By comparing odds in the example above, your available odds margins came down over five full percentage points from over 8.5% to 3.3% for a single event bet. When this kind of improvement is applied to your overall betting patterns, you get more room for error in your quest to stay profitable.
If you really like combination bets or multiples betting (systems), then you certainly need to look at OddsJet. Look at the kinds of benefits you saw above for single match betting results. Imagine you are now multiplying those advantages by four, five, six or seven matches, or even multiples or systems where we are talking about several combination bets. Potential payouts between reputable betting sites can range as high as 50%. Imagine that, 50%! Your make the same bets are the same, but certain bookies are willing to pay you 50% more.
When you consider this kind of disparity in potential payouts, why would you even worry about a free bet offer or a deposit bonus offer. What do those promotions matter if a betting site is ready to pay $1,500 rather than $1,000 on your combination bet? Take the value where it’s offered, visit OddsJet before you bet.
888sport is one of the oldest names in online sports betting for the German market. If you care or don’t wish to be tempted to play Casino games from the same account, 888sport is for you as they are a sportsbook only. Find a new customer offer, a great platform for all devices and competitive odds Read the 888sport Germany review.
bet365 covers football, basketball & ice hockey comprehensively in terms of the number of leagues & betting markets. They have the most intuitive interfaces for mobile and desktop and they constantly innovate with the most advanced features for bettors. Get access to many other gaming verticals from the same account. Read the bet365 Germany review.
Betway serves over 2 million account holders world-
BetHard is somewhat unique in that they aim to offer very high odds but also offer a welcome promotion. Born is Sweden and led partly by Zlatan Ibrahimovic, Germany is one of a few key markets for BetHard. Find a slick betting platform for all devices, with lots of features and many popular German banking methods. Read the BetHard Germany review
Unibet is the lead brand for one of the largest gaming companies in the World. Based in Sweden, they use one of the slickest sportsbook platforms across all devices. They look to offer highly competitive odds on all football competitions, but cover all sports incredibly well. Access poker & casino games too. Read the Unibet Germany review.