The margin a bookmaker applies on the betting odds is the number one information a bettor should know in order to increase long-term profits, with lower margins favoring the bettor and larger margins eating into betting profits. Here's a simple guide on how to calculate margins on 1X2 odds.
2 days ago Avoiding that fate will require the Spartans to at least display a measure of outside shooting in the rematch after Michigan (19-2, 14-2) held MSU to 0-of-9 shooting from 3-point range on Thursday. The best times to move the line in football to avoid the push is when the point spread is -3, -4 or -7. These are the three most common margins of victory so getting a half point either way will.
While novice bettors tend to compare odds, smart bettors know that the real price a bookmaker is charging is the betting odds' margins - our Margin Calculator offers a simple way to calculate the margin applied to a bet.
Let's take an example of a soccer game with three possible outcomes (home team to win, away team to win, draw). For the first week of the Premier League 2016/17 season, Pinnacle offered an opening price of 3.41 for Hull City to win at the KCOM Stadium against Leicester City, who were priced at 2.39, with the draw set at 3.19.
Point spread betting is becoming much more popular in soccer betting, and will likely become the most popular form of betting on the sport at some point in the not too distant future. The point spread works much like it doesn in any sport, where the spread is listed, followed by the odds for the favorite and the underdog. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.
Outcome | Odds |
Hull City to win | 3.41 |
Leicester City to win | 2.39 |
Draw | 3.19 |
Calculating 1X2 odds' margin in two simple steps
1.Convert the odds for all three possible outcomes into decimal probability
2. Solve for the equation:
Margin = (1/Home Odds) + (1/Away Odds) + (1/Draw Odds) – 1
Step One: The first step in calculating margins on 1X2 odds is to convert each 1X2 market into a decimal chance of winning. That's the equation inside each set of brackets above: (1/Odds).
For the home team, in this case Hull City, the decimal probability is (1/3.41) = 0.293 (which symbolises a 29.3% chance of winning), while the draw is (1/3.19) = 0.313 and Leicester is (1/2.39) = 0.418.
Outcome | Odds | Decimal probability |
Hull City to win | 3.41 | 0.293 |
Leicester City to win | 2.39 | 0.418 |
Draw | 3.19 | 0.313 |
1 2 Point Spread In Soccer Scores
Margin = (1/Home Odds) + (1/Away Odds) + (1/Draw Odds) – 1
Step One: The first step in calculating margins on 1X2 odds is to convert each 1X2 market into a decimal chance of winning. That's the equation inside each set of brackets above: (1/Odds).
For the home team, in this case Hull City, the decimal probability is (1/3.41) = 0.293 (which symbolises a 29.3% chance of winning), while the draw is (1/3.19) = 0.313 and Leicester is (1/2.39) = 0.418.
Outcome | Odds | Decimal probability |
Hull City to win | 3.41 | 0.293 |
Leicester City to win | 2.39 | 0.418 |
Draw | 3.19 | 0.313 |
1 2 Point Spread In Soccer Scores
Step Two: Now simply substitute the numbers above into the rest of the formula to calculate the margin.
Margin = (0.293) + (0.418) + (0.313) – 1. Therefore the margin is 0.024 – or 2.4%.
Comparing bookmaker's margin
The same game sees another popular bookmaker offer odds for Hull City at 3.10, Leicester at 2.10 and a draw 2.90. This works out to a huge margin of 12%, which is more than five times more expensive than Pinnacle.
1 2 Point Spread In Soccer Tournament
In practical terms, this means that if you had placed a $100 bet on Hull City to win on the 1X2 market you would have won $31 more playing with Pinnacle than by placing the same bet with another major online bookmaker.
Soccer Point Spreads
At Pinnacle, we don't just believe that it is important to offer the best odds; we are also on a mission to educate bettors on how to make more sophisticated decisions. But don't take our word for it. We encourage you to check our margins and compare us to other bookmakers, before deciding what is the best sports betting deal online.
Due to our unique risk management model, we are able to offer better value than other bookmakers. This is why Pinnacle is the number one choice for sharp bettors.