Best Tanzanian Premier League Betting Odds (Tanzania)

If you love a bet on the Tanzania Premier League, then it is important that you know all about the odds that the bookmaker offers you. They can be so much more than simply an indicator of the rate at which the bookmaker will pay you out, if your bet is a winner – but only if you know the other information that odds can provide you with. Bookmakers take a huge amount of care to ensure their odds are the best value that they can offer to their customers. It is good practice therefore to get to grips with what odds tell you, especially if you want a wager on the TPL. 

What Are Tanzania Premier League Betting Odds?

If you look at the odds a bookmaker has provided for you on a Tanzania Premier League game, what do they tell you? It’s an important question with a seemingly obvious answer. They tell you how much you stand to win if you bet on that selection, and it is a winner. However, the odds a bookmaker offers on a selection tells you much more than that.

Firstly, let’s explain the easiest aspect of what odds mean. They do, of course, tell you how much you can expect to win on a bet on the TPL. For example, if you backed a full-time result bet match between Tabora United and Simba and selected Simba to win at odds of 5/2 (3.50) then that means for every 2000 TZS you placed on that bet, you would receive 5000 TZS back from the bookmaker.

So, if you placed a bet of 2000 TZS on a Simba win and the bet was a winner, then you would receive back 5000 TZS from the bookmaker as winnings PLUS your 2000 TZS stake money back too. That is a total return of 7000 TZS.

One excellent piece of advice here is to use decimal odds when calculating your bets as it is so much easier to calculate from a decimal odds, rather than converting from fractional or American odds to decimal before working out what you could win. 

However, odds can tell you so much more than how much you can win. Odds are intrinsically linked to probability and in the case of sports betting, implied probability. That is, the chances a bookmaker thinks that an event has of occurring in the game or sports event in question.

Customers tend to think an even money bet is a relatively low price when betting on the Tanzania Premier League, or any sports event. However, the implied probability of that bet being a winner is just 50% (hence the term, 50/50). A market with odds of 3/1 is reckoned to have just a 25% implied probability chance of winning.

Understanding the link between odds and implied probability for a bet in the Tanzania Premier League can really help you contextualize the bet and give you a greater understanding of the actual chances of success your bet has. 

Finally, odds can also be used as a comparative tool across the same market. For example, if you are looking at the correct score market for a game in the TPL between Azam and Young Africans, you will find the shorter odds on the more common scores (1-0, 0-1, 1-1, 2-1, 1-2 etc) whereas the more unusual scores will have far greater odds (3-2, 4-3, 3-3 etc). 

By comparing odds across the market, punters can get a feel for how the bookmaker expects this game to go and in this way, odds can actually help inform your bet. You are effectively ‘piggy backing’ on the research the bookmaker has done to formulate the odds, to try and pick the bet that has the better chance of winning!

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How do bookmakers calculate Tanzania Premier League betting odds? 

Now that we understand how odds can be used by punters in several different, but useful ways, it is also a good idea to get an idea of how bookmakers calculate the betting odds you find on every Tanzania Premier League market.

The aim of the bookmaker when formulating the odds for any market is twofold. Firstly, they want to price up a market in a way that ensures that they will make at least a small profit on it. Secondly, they also want to offer attractive odds to customers to encourage them to back the bets that they want to make. 

Therefore, pricing up a betting market for any event is a complex process. Mostly, it is now automated using software that uses complex algorithms and analysis of statistics and other data to price up markets. However, there is still usually a person in charge of the process, called a linemaker or odds compile amongst other titles, who ensures that all odds offered meet these criteria. 

When odds go live however, they can still change due to the amount of money wagered on the different options in the market. For example, in a market for the full-time result winner of a Tanzania Premier League game, there are three options; Home Win, Away Win or Draw.  

If punters start to heavily back one of the teams competing over the other two options, then to balance their books, the bookmaker will reduce the odds (or shorten the price) on that popular selection. They will often also increase the odds (or lengthen the price) of the other betting options to encourage more punters to back these outcomes.

These moves in the betting market show you where the money in the market is going and it can be useful to know how fellow punters are viewing the same market you are, and the market(s) that they think stand the best chance of winning.

Like when a betting site formulates the odds for a market initially, the aim of the changes in odds as the market sees more bets made is to ensure the best price for each option, but to also ensure that the bookmakers do not take on too much risk of making a heavy loss on that betting selection.

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Why are the odds so important for your Tanzania Premier League bets?

Now that we have a clear understanding of the details that odds on Tanzania Premier League games can provide bettors with, it is easy to understand why they are so important for anybody who wants to enjoy any form of betting. 

As we have already explored, odds provide you with a whole host of information above and beyond the amount of money you can expect to receive on a selection if you bet on it and it subsequently wins.

Along with your own research into a particular bet, odds can therefore prove to be a great guide for you on the likelihood of your bet winning. You’ll know, from what we now know about implied probability, that if you back a long-odds selection and go against what the market generally expects, then your chances of success are far slimmer than they would be backing a popular, shorter priced bet.

Odds can change over a period of time when it comes to pre-match betting markets, but when you are betting In Play (or Live), then odds can change rapidly as the action in the game progresses. It is then that the timing of your bet becomes paramount as certain odds on certain markets may only be available for a few seconds, before they change.

The exciting thing to remember about odds is that regardless of how well-research a bookmakers odds are, they are only ever an approximation. Sport has a tendency to see results that ‘upset the odds’ which is what makes it, and sports betting in particular, so appealing for so many bettors around the world!

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Register with numerous bookmakers! 

The final, but perhaps the most important thing to consider when it comes to odds, is to ensure that you get the best odds available on your bets. No one bookmaker ever offers the best odds on every market all the time. Therefore, to enjoy the best value odds, you should always consider joining multiple betting providers. You will often find that it is the case that for one TPL betting market, one bookmaker offers the best odds, yet the next week a similar market on another Tanzania Premier League game is at a better price with a different bookmaker.

While some of these differences are negligible in size for some markets, for others they can be quite large. For example, if you have a bet on a team to win the Tanzania Premier League, say KMC, you may find that one betting site has them as short as 10/1 to win the league, but another could have them at 16/1. That means you would earn 60% more in winnings making that bet with the second bookmaker rather than the first.

So keep your options open by registering with as many bookmakers as you can to ensure that you get the best value odds each time you bet!

Check out all the Tanzania Premier League Odds at bet365!

Odds for upcoming matches Tanzania Premier League: 

Our current Tanzania Premier League previews and tips: 

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