Best Premier League Betting Odds (Senegal)
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Before you get to placing your Senegal Ligue 1 bets, you’ll want to make sure you have a solid understanding of the odds and how the betting markets work. So, what are odds? Betting odds are provided by the bookmakers and are a numerical representation of the implied probability of an event occurring. Every bet offered by betting sites will come with odds attached. They also serve to show the bettor how much they stand to win should their bet be successful. For example, a €100 bet at odds of 1.91 is going to return a total of €191 (overall profit of €91) in the event of a win.
How are Senegal Ligue 1 odds calculated?
Betting sites use a number of different tools to come up with the odds that they offer. They utilize advanced algorithms, historical data, trends and statistics to come up with a betting line that they feel is both fair and advantageous to them. As a general rule of thumb: the lower the betting odds (e.g. 1.30), the higher the likelihood of that event occurring. Likewise, the higher the betting odds (e.g. 5.50), the less likely it will be of that particular outcome taking place. To gain a better understanding, let’s look at things with a practical, real-world example with a match between Generation Foot and Union Sportive Quakam.
Generation Foot have been one of the most successful teams in Senegal’s top flight in the last decade. They’ve claimed two league titles and five domestic cup trophies during that time and are consistently competing for the championship year after year. Their opponent, on the other hand, has been promoted to the top flight after six years in the lower divisions. For this example, Generation Foot is the home team and are understandably heavy favorites to get the three points over Union. You can therefore expect to see betting odds that are quite low for the hosts (e.g. 1.45), while the visiting team would be available to back at a much higher price (e.g. 5.25).
However, just because you see low odds on one side and high odds on the other doesn’t mean that the match is a foregone conclusion. Upsets happen all the time in football, that is why it’s important to conduct the right research on the teams, players, managers, tactics and statistics before locking in your bets. We’ll touch on that more a bit later on.
Rising popularity of live betting
Live betting, also referred to as in-play betting, is one of the most popular ways for punters to place their bets in the current betting market. It’s so popular, in fact, that it is estimated to account for 30% of all bets placed. This has led to bookmakers placing a huge emphasis on their live betting offering and now offer users the ability to bet on virtually any game and any market they are looking for in seconds. With such a huge amount of matches and events on offer, it’s impossible for a bookmaker to manually monitor each and every one. Therefore, they implement algorithms which factor in the result of the match, the way it’s played out so far, the strength of the teams, the time remaining among other factors to instantly update and refresh the odds. Naturally, this provides some excellent opportunities for keen bettors who may be able to interpret what has unfolded on the pitch in a more accurate way than the betting site’s automatic process. Be sure to check out our Livescore tool which can give you a leg up when placing your next live bets!
Practical uses for Senegal Ligue 1 odds
You should now have a better idea of how odds and betting markets work, so let’s look at how you can apply that information to benefit your sports betting. The first utility is that it allows you to quickly identify how much you stand to win in the event of a successful bet. For example, a €10 bet with odds of 1.75 is going to return the punter €17.5 total should his or her bet come back as a winner. Subtracting the initial stake (€10) and we’re left with the net profit of €7.5. As you get more experience in betting, you’ll be able to calculate your bets on the fly which will help out with our next practical utility.
Large discrepancy in the odds
Odds also provide valuable information to the bettor as to whether or not a prediction is worth betting on or not. Let’s go back to our previous example between Generation Foot and Union Sportive Quakam. Assume that you completed your analysis and did your due diligence on this matchup and came to the conclusion that Generation Foot would be heavy favorites to get the win. However, when you go to check the odds on the various bookmakers you see an average price of Generation Foot 1.85 to win. For a traditionally very strong team at home against a much weaker team, this kind of line would likely set off alarm bells. The actual odds were significantly different than the odds that you predicted they would be. Therefore, it’s now up to you to go through your process again and identify the cause of this discrepancy. Are there a number of key injuries? Did the manager announce that he was rotating his entire starting 11? These are the types of factors that could see such an extreme shift in the expected odds vs the actual odds.
Identifying value bets
However, there could be situations that arise where you simply have a different conclusion than the bookmakers. It could be that the books are severely overrating one side, or severely underrated the other. For example, if you peg a team’s chances of victory at 75% (1.33 odds) but the betting sites are offering that bet at odds of 1.50 (66.7% implied probability), you’ve likely uncovered a value bet. These are the types of situations that you will want to take full advantage of and lock in your bet!
Bet on long term Senegal Ligue 1 results with futures markets
Futures markets allow you to bet on the entire competition as a whole, instead of individual matches. For example, you can bet on which team will eventually win the Senegal Ligue 1, thus providing you with season-long entertainment as you’ll always have something in play week after week! You can also bet on other markets such as the competition’s top goalscorer, which teams will be relegated, etc. Futures markets can provide some excellent odds when placed at the right time. The best part is that they don’t have to be done exclusively at the start of the season either!
Register everywhere!
One of the keys to long-term success in online sports betting is to ensure that you have an account open with as many bookmakers as possible. The reason is simple: you’ll have a wider pool of odds to pull from. While it may not seem like such an important factor at first glance, consider that betting sites can sometimes offer in their odds by 10%. Over the course of an entire season with a high-volume of bets, this type of margin can make the difference between a winning bettor and losing one.
For example, a €100 bet at odds of 1.95 is going to net you €95 compared to the same bet at odds of 1.85, which will bring in €85. That €10 difference will start to show itself in a big way when you’re dealing with hundreds of bets.
Additionally, you’ll be able to take advantage of betting sites’ welcome bonuses. Many sites now offer an incentive for users to join up in the form of bonus funds for new users. These can sometimes get as high as a 100% deposit bonus, meaning you’ll essentially double your money before placing a single bet. Check out our top online betting sites to see our opinions on the best current offers!
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