![]() Here’s a five-step overview of how the ZenSports process currently works: How does peer to peer betting work, exactly?īy eliminating the bookmaker, ZenSports has essentially created a marketplace for which every bettor plays a role in creating a fun, decentralized ecosystem for everyone involved. You may hear fellow wagerers refer to this cut as the “juice”, “vig”, or “cut.”Ĭreate Your Own Bets and Odds With ZenSports Many traditional sportsbooks are known for manipulating the odds in their favor and factor in how much the book is charging for you to place your bet. However, odds can be influenced by more than the events that are relevant to the outcome of the game or match. Odds announce the payout you could win if you bet on that outcome.Odds flag potential bettors as to the implied probability of the bet.We’ll start with the American way, and give you some betting odds examples so you know exactly what you’re looking at the next time you want to make a wager.īut first, it’s important to know what odds are designed to do. The most common type of sports odds used in North America is American Odds, which uses a plus/minus system for calculating payouts.īelow, we’ll answer your question: how are odds calculated in sports? ![]() ![]() If you don’t know how to calculate sports betting odds, don’t worry, you’re not alone. ![]()
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