Low Odds | Make the Most of Small Opportunities (2024)
Low odds are the smaller betting values a sportsbook will offer on top teams and athletes. Favorites receive low betting odds, indicating a high likelihood for the event occurring. There is an obvious link between the size of the online betting odds and the chances of an outcome.
When the odds are low on a team, the chances are high for them to prevail. This betting guide explains when and how to bet on smaller odds and when to avoid them.
- 1What does low odds mean?
- 2When can you expect low odds?
- 3How to build a winning low odds betting strategy
- 4The difference between pre-match and live low odds
- 5Low odds betting in different sports
- 6Common mistakes in betting on low odds
- 7Should you try low odds betting?
- 8Turn low odds into a big payout
- 9FAQ about low odds betting
Best Bookmakers for Low Odds Betting in 21 November 2024 – Updated List
What does low odds mean?
Depending on bankroll and expectations, bettors will regard betting odds as low or average. However, certain values are universally regarded as low, while others are considered high odds. Online bookmakers will display the odds in decimal format by default. It is possible to convert them to American or fractional, so you must understand what do low odds mean in your format of choice.
For complex sports betting strategies, you must analyze and calculate the odds first. For single bets such values are too low to deliver satisfying results. They also compel bettors to wager larger amounts, which increases pressure on their bankrolls. However, a good low odds betting strategy involves accumulators and system bets. Lower odds are multiplied and create higher odds with increased potential winnings.
When can you expect low odds?
With any development that increases the chances of a team or athlete to win you can expect the odds offered for that team or athlete to drop. Here are some examples of low odds that you can expect:
- In a football match, lower odds are always offered for the favorite team as it is more likely to win the match (the underdog team, on the other hand, gets higher odds because this is less likely to happen)
- A team playing at home gets lower odds compared to a team playing away
- Low odds are not offered for a team with injured or suspended players as it is unlikely to win the match. Teams that can use all-star players, on the other hand, always get low odds.
- Sometimes even motivation alone can lead to the offer of low odds: The more motivation a team has to win that match, the more likely it is to win, and this causes the odds offered to drop.
We can give more examples about sports betting on low odds, and how bookies set the odds, but you get what we mean. The higher the probability that an outcome will occur, the lower the odds offered.
How to build a winning low odds betting strategy
High and low odds can be found for all types of sports betting and they can be used in conjunction. Betting blindly on favorites will deliver minimum profits due to the low odds. There are ways to make them work in your favor by using basic strategies. As soon as you understand what odds mean and how odds work, you can use these simple and effective tips.
Manage your resources
Choose your favorites
Use accumulators
Bet on live games
The difference between pre-match and live low odds
We need to talk about different types of odds offered on betting sites in order to explain this topic. The first thing you need to know is that odds offered by bookmakers are not “fixed” figures. They constantly change and evolve, according to the developments both before and during the match.
In this regard, we can say that there are three main types of odds:
It is not possible to say that one of these phases is better for low odds bets than the others. The situation called dropping odds (*) can occur in any of these processes.
Odds in the “early odds” phase may drop further due to a player change before the match begins. If you don’t know how to bet on football, especially when it comes to low odds football betting, the exact opposite of this situation is possible. If this change occurs after the match has started, very low odds can be obtained during the “live odds” phase. The bookmaker will decrease or increase his rates according to instant developments.
Tip
(*) Dropping odds is when the bookmaker adjusts the rates it offers according to developments in order to protect its commission. It takes place continuously until the match starts and continues after the start of the match in live bets.
Other articles you might want to read:
Negative Odds Meaning - What They Are and How They Work
What Does Bar Mean in Betting? | Make Underdogs Pay
Low odds betting in different sports
The low odds meaning is one of the easiest betting terms and is intuitive to apply to many sports. The goal is the same, but each sport has its particularity and ideal markets.
Common mistakes in betting on low odds
Knowing what a low odds ratio means is the first step to avoid costly mistakes. However, there are plenty of things to consider after you find a bookmaker and start betting. These are the things you should avoid at all costs to be successful in the long run.
Alert
Building huge accumulators – don’t get greedy and turn fixed odds betting into a get-rich-soon scheme. Accumulators can help but don’t create monsters with more than 10 selections. Even if the odds are low, keep the number of bets under six.
Betting on too many sports – choose the sports to bet on carefully and don’t wager on everything you see. If you don’t understand the game well, you won’t be able to assess the value in the odds. This is the same for high odds vs low odds betting systems.
Should you try low odds betting?
PROS
- You are more likely to win the bet
- As long as there are two outcomes, you can pick any sport
- Suitable for beginners & veterans
CONS
- The payouts won’t be that big
- You cannot make a profit in a short time
Other related articles
Rollover in betting
Turn low odds into a big payout
Low odds can seem unappealing if you think only of straight betting. Under the guise of accumulators or another odds betting system, they can multiply and generate big wins. Pretty much any sport will work and you can bet on winners, over/under betting, and everything in between.
Proper bankroll management is key but if you do everything by the book, you will be rewarded. The beauty of low odds bets is that variance is minimal and you win frequently. This is reassuring and helps you make incremental success and consolidate your gaming budget. Being upset is part of the game, so keep your composure and remember that slow and steady wins the race.
FAQ about low odds betting
There is no specific winner of the low odds vs high odds comparison. Both have pros and cons. You take a higher risk with high odds, but the payout is also big. Low odds represent a low risk, but the payout will also be low.
While any sport is suitable for low odds betting, football is the most popular sport. The majority of low odds betting offers will be about this game.
In general, yes. Low odds betting means that you are placing a bet for an outcome that is more likely to happen, so your winning chances are high too.
Sure you can. There are lots of bookies that don't limit your betting choices in any way and we already picked the best ones for you. Check the list above.
More articles you might be interested in: