Soccer Gamblers

When betting on soccer, you may come across the odds 5/4. But what do these odds mean? In this blog post, we’ll explain everything you need to know about 5/4 odds so that you can make informed bets.

Decimal Odds

In order to understand 5/4 odds, it’s first important to understand decimal odds. Decimal odds are the standard way of expressing odds in Europe. To calculate decimal odds, simply take the number of times your bet will pay out (the numerator) and divide it by the number of times you need to correctly predict an outcome to break even (the denominator). So, in the case of 5/4 odds, your bet will pay out €5 for every €4 that you bet. 

Implied Probability

Another way of understanding odd is by looking at the implied probability. The implied probability is the percentage chance that a particular event will happen, as implied by the bookmaker’s odds. To calculate the implied probability of an event happening, simply take 1 divided by the decimal odds. So, in the case of 5/4 odds, the implied probability would be 1 divided by 1.25, which equals 0.8 or 80%. This means that there is an 80% chance that the event you are betting on will happen. 

Value Bets

Once you understand implied probability, you can start to see if there are any value bets available. A value bet is a bet where the probability of an event happening is higher than what is implied by the bookmaker’s odds. For example, if you think there is a 90% chance that Team A will win their match but they are only given 2/1 odds (an implied probability of 33%), then betting on Team A would be considered a value bet. 

How to calculate 

When betting on soccer matches, you may come across the odd 5/4. This means that for every 4 euros that you bet, you will receive 5 euros back if your prediction is correct. To calculate decimal odds, simply take the number of times your bet will pay out (the numerator) and divide it by the number of times you need to correctly predict an outcome to break even (the denominator). In this case, your bet pays out €5 for every €4 that you bet. You can also calculate implied probability by taking 1 divided by decimal odds. 

The Implied Probability of an event happening is the percentage chance that a particular event will happen, as implied by the bookmakers odds. In the case of 5-4 odds,the implied probability would be 1 divided by 1.25—or 80%. This means that there is an 80% chance that the event you’re betting will happen. If you think there is a greater chance than what is implied by the bookmaker’s odds that the event you’re betting will happen(avaluebet), then you could stand to make money from your bet!