how does the betting game work at ladbrokes etc.. if I bet today with germany odds 1/4 means I get 30 pounds p

Question

does the bet change as the match progresses ? or will the odds remain the same as 1/4 .. rgds

Answer 1

the odds stay the same i think. u cant bet wen the match has started xxx

Answer 2

In betting shops most sports odd's are fixed (they stay the same) once you put your money down. All betting coupons are.

If you bet on Germany at 1/4 to win their match then for a bet of £4 you could win £1 and get your £4 stake back = £5 so you would have made £1 profit. The longer the odds the bigger the profit. For the same £4 stake on a 1/2 shot you could win £2 and get your £4 back= £6 making a profit of £2

"In running" or "in play" odd's are different and popular with online bookies and these odds will start when the game starts and will change as the game is in progress and will change right up until the final whistle.

The odd's "in running" will always change and fluctuate on factors such as goals or even shots. Bookmakers sometimes offer "in running" prices as the matches are in progress also.

Quite often bookies will change their fixed odds if a lot of money has been put on a result . i.e Brazil to win world cup has shortened from 3-1 to 2-1 in some places. This is to reduce their liability if this event occurs.

With horseracing in particular the amount of money bet on each horse dictates what price the horse will be and whether it will shorten or lengthen in price. You will need to ask to "take the price" shown if you want the odds shown. They may shorten again or even lengthen. Without asking to take the price then you will be paid the odds given when the race started, the odds could dramaticaly shorten just before the race or lengthen, its the choice you need to make. There is a skill in knowing when to take the price or whether or not to take the price at all and have the starting odds

Answer 3

yes the bets change regularly.... if a team wins the odds gets smaller, lose and they'll increase.... also depends on other results (seeing who they'll face in next knock out match) and will always shorten as the amount of games left get smaller.

At odds of 1/4 you'll get £1 (or dollar) back for every £4 you put on.

bets also change according to the amount of money put down. (for example if Paraguay were 3/1 to win against England tomorrow and someone put down £1million with ladbrokes then the odds will go down to 2/1 or maybe evens as ladbrokes would have to lessen the amount of payouts needed if England did lose)

Lastly, if you're on ladbrokes' site during a game, you can "bet in play" this is where the odds are constantly changing and are more dependant on how the game is going..

Answer 4

The odds change. They are worked out not on the ACTUAL probability of Germany winning but on the amount of the bets placed on each option. They are always loaded so the bookie is the most likely person to win! If you like the odds at 1 to 4 (not the same as 1/4, by the way), then go for it!

Answer 5

Your bet is final once it is placed. You keep the price that was current at the time you placed the bet. Even if the bookies do offer different odds as the game progresses, the new odds only affect bets placed after the odds were revised.

Answer 6

If you want to keep the odds you bet at, ask if they'll give you "commensurate odds" before you put the bet on. They may say no. If you get commensurate odds you'll be paid on what you bet on, not the "starting odds" . Although that might just be for horseracing.
And remember to pay the tax ewhen you place the bet. Its better to pay 50p now than lose a chunk of your winnings in tax. Plus you get your stake back if you win.

Answer 7

plus your £120 stake total £150 the odds are fixed if you take a price before the game starts, otherwise anything can happen ask those of us who back 33/1 shots only to haveit drop to 20/1 when it takes the lead a fulong out. good luck but odds of 1/4 is buying money.

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