Best Caf Confederation Cup Betting Odds (Africa)
There are no matches for Caf Confederation Cup Football. Here are the odds for the past days.
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Best CAF Confederations Cup Betting Odds
Interested in betting on the CAF Confederations Cup? You’ll first need a strong understanding of odds and betting markets. So, what are betting odds? Odds are simply the numerical values assigned to represent the likelihood or probability of outcome taking place. Bookmakers provide these odds to their users and the bettors determine how much they want to stake on their selections. The odds also allow the bettor to quickly determine how much they stand to win should their bet be a successful one. As a quick example: A €10 bet at odds of 1.90 would return a total of €19 (profit of €9) should it end up winning.
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How are CAF Confederations Cup betting odds calculated?
The next important piece of information you will have to understand before you hit the sportsbooks is how the bookmakers actually set their betting lines. The betting sites have a number of different tools available to them, including but not limited to: databases of statistics, historical data, advanced algorithms, trend analysis and team information. They then use this information to set a line they feel is fair and will help to generate them the most action. Remember, the bookmakers are not necessarily trying to set the most accurate or correct line, just the one that they believe will reap the most betting action on both sides.
As a general rule of thumb, you can look at betting odds like this: the higher the odds for a particular outcome (e.g. 5.75), the less likely it is to occur. Conversely, the lower the odds for an event (e.g. 1.33), the more likely it is to occur in the eyes of the bookmakers. To look at this concept in more detail, let’s take a look at an example involving two teams from this edition of the CAF Confederations Cup in USM Alger and Al-Hilal SC.
USM Alger are the defending champions in the competition and are off to a scorching start in the Algerian top flight. Not only that, but Algeria are one of the top football nations on the continent. While their opponents share a name with the famous Saudi Arabian club, this version of Al-Hilal is actually located in Libya and competes in the Libyan Premier League. With a clear gap in quality existing between the two sides, bettors should expect this to be quite one-sided when it comes to the betting odds. Thus, it wouldn’t be a surprise to see Alger come in as 1.40 favorites with this match taking place on their home soil. This would mean that an Al-Hilal win would come in at odds that were quite high, potentially around the 4.50 mark.
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Rising popularity of live betting
Not to be ignored, live betting has exploded over recent years due to the convenience and advantages that it provides most bettors with. It’s estimated that over a third of all bets placed online these days come through the live betting platform. With the bookmakers receiving so much action on these types of bets, it’s only natural that they will start to focus more attention on providing the very best live betting experience for their users. In-play betting provides bettors with a unique opportunity to react in real time to the events unfolding on the pitch. Bookmakers rely on algorithms to automatically update the odds for games due to the sheer number of games they have to cover. This allows for shrewd bettors to take advantage of betting odds that might be off what the true value should be. The odds continue to change in real time as they react to what occurs in the game. Check out our Livescore feature to assist you with your next live bets!
See the latest live betting odds here!
Practical uses for CAF Confederations Cup odds
There are a few techniques that you can use betting odds for that will give you a leg-up in your sports betting. One major advantage is that it allows you to calculate how much you stand to win from a given bet. This is done by using the formula: - stake = net profit. As an example, a €100 bet with odds of 1.62 would return €162, leaving you with a net profit of €62. Be sure to shop around with different betting sites to ensure you’re getting the very best odds.
Large discrepancy in the odds
Betting odds can also provide crucial information as to whether or not a bet you are thinking about taking is worth it. In our Alger vs Al-Hilal example, let's assume you studied the match thoroughly and you came to the conclusion that Alger will be strong favorites. However, when you go to review the odds you find that the average price offered on Alger is 1.91. Obviously, this is someway off what you had initially predicted. While it’s certainly OK to be somewhat off in your estimation, a difference this wide warrants a second look. It’s now up to you to figure out why the difference in the odds is so high. Is the team actually the away side instead of the home side? Did the manager announce he is going to heavily rotate the starting 11, perhaps in preparation for an important fixture coming up? Remember to be as thorough as you can.
Identifying value bets
There could also be situations that arise where your prediction is close enough to the actual odds but still existing some value in a bet. For example, if Alger was 1.55 favorites while you had them pegged at 1.40 to beat Al-Hilal. Your initial prediction implies a 71.4% chance of winning, the bookmakers odds imply a 64.5% chance. In this situation, you would have good reason to book Alger to win at those odds as you would have identified a value bet opportunity. Don’t hesitate to lock these bets in once you’ve done your due diligence, these are the spots where sports bettors can earn their latest profits!
Register everywhere!
The last topic we’ll discuss is one of the most important ones. This technique is one of the most effective ways to lock in guaranteed profits and grow your bankroll. It involves signing-up with as many betting sites as you can. This allows you to have the largest possible pool of odds to choose from. Don’t overlook the importance of this, as odds between bookmakers can differ as much as 10%. While this may not seem like a lot at first glance, it can often be the difference between a winning and losing bettor over the course of many years. Think about a 10% difference for every bet extrapolated over the course of an entire season. It will certainly add up in the long run.
Not only that, almost all bookmakers will offer some kind of welcome or sign-up bonus for new accounts. You’ll be able to take advantage of these boosts to your bankroll, in some cases of which can be as high as a 100% first-time deposit offer. That means you can essentially double your bankroll before even placing a bet! Head over to our top online betting sites to see our opinions on the best current offers!
