The easy way to lose extra money even if you have won a bet2017-09-22
Two mistakes might happen everytime that you want to place a bet.
The first mistake that you may make, is to buy a price for a market without the knowledge if the specific price is the real one or not. The bookies offer prices for every betting market, but they always know if the price is real or not.
With the use of Odds Compiler Platform, it is very easy to find out if the price or even better, the probability to win a bet is real or not. For example, you have decided to place a bet on one team to win. You have selected the game and you want to place a bet for the win of home team. Let's assume that the offered price by the bookies is 1.90 (meaning that the probability to win the bet is 52.63%). How sure are you that this is the real price or the real probability to win the specific bet?
Using Odds Compiler Platform, with a database including more than 145.000 past records with goals and time for each goal, is very easy to compile by your own the real statistical odds and the probabilities for the specific betting market. The odds prices and the probabilities are based only on pure statistics. We do not take into consideration any other factors like players injuries, transfers, red cards, etc.
By selecting the appropriate data sample that you want to use for the compiling of the odds and the probabilities, you have the "real" prices based on statistics. If the compiled odds price is lower than the offered price by the bookies, that means that the probability to win is even higher than the one the bookies calculate and also there is added value.
This means that you have the opportunity to buy the market in a higher price than the statistical one, so you will have extra income if you win the bet. Otherwise, if the statistical price is higher than the offered price by the bookies, there is no added value - you will buy expensive and also the probability to win is less than the one the bookies have calculated.
Another mistake that many of us make, is that we place a bet the same or the day before the game. This is the most popular method for many of us. Often, we do not take into consideration, that the price of a market will be increased or decreased, depending on the demand during the week and its real price.
By the time that the bookies edit the prices for the betting markets a few days before the game, you have the opportunity to compare the offered prices with the statistic prices of Odds Compiler Platform. BetPractice team updates the database daily, so you can compile the odds and the probabilities with high accuracy even one or more months before the specific game.
For example, you have decided to place a bet on a specific game that takes place next weekend and you want to place a bet Away win. Using Odds Compiler Platform, you can compile the odds a month or more before the game and find out the statistical prices and probabilities. Due to fact that the database is updated daily, the odds and the probabilities are very close to the final values. So, when the bookies will edit the odds in the beggining of the week you will already know if the prices are higher or lower to the real ones. The first day that the bookies edit the prices for the next weekend coupon or game week, is the most appropriate time to buy or not, in a market.
If the offered price by the bookies is lower than the statistical one, then it is better to wait and to follow your bookmaker everyday, because there is a high probability the bookmaker to increase the price closer to the date of the match. In this case is better to wait until a few minutes before the kick-off.
If the offered price by the bookies is higher than the statistical one, then it is better to buy in immediately, because there is a high probability the bookmaker to decrease the price closer to the date of the match & closer to the statistical price of the odd.
That's the easy way that you can lose extra money despite winning a bet.