Types of Betting Odds. Summary Test

Reinforce your knowledge of betting odds by taking the final quiz in this module.

Start

Learn new things about odds - check your knowledge in the test.

Take the Final Test and Consolidate Knowledge

Final test “Types of Betting Odds”

Answer 10 questions about sports betting odds, rules of their calculation and reasons for changes by bookmakers.

1. Which of the listed odds is “European decimal”?

+75;

11/7;

2.15;

-1.125.

2. Which of the listed odds is “British fractional”?

11/7;

-1,125.

+75;

2,15;

3. What is a bet against overask?

A bet against the underdog team made at the minimum odds at the very beginning of its rise;

A bet against the favorite team.

A bet at the peak value of the odds, which are subject to change due to influences caused by fan preferences;

A bet against a team whose odds are rapidly increasing;

4. Which of the listed odds is “American”?

11/7;

-1.125.

+75;

2.15;

5. Which of the listed odds is the Asian “Malay” one?

-1.125.

2.15;

11/7;

+75;

6. What factors are taken into account when calculating bookmaker odds?

Psychological state of athletes;

Additional and indirect factors such as weather conditions, playing at home or away, etc.;

All of the above.

Statistics of wins and losses in matches;

Physical condition of athletes;

7. Which three factors are the basis for odds formation by bookmakers?

Statistical analysis of match outcomes or other sports events; Forecast of payouts on bets; Determination of the score in the match or other quantitative indicator of the sports event.

Statistical analysis of inflows and payouts on a sports event of similar value; Forecast of the outcome of the sports event; Determination of the percentage of commission charged by the bookmaker for services.

Statistical analysis of sports event data; Forecast of cash flows; Determination of the margin amount.

Statistical analysis of wins and losses of sports teams; Forecast of incoming funds; Determination of the capital outflow amount.

8. What is “overask” in bookmaker betting?

A large number of bets placed on sports events that influence the odds;

Victory of the underdog team.

A stake with too large of a nominal value that exceeds the bookmaker's limits;

Victory of the favorite team by a large margin;

9. What types of overasks are there?

Influence of professional bettors, influence of non-professional novice bettors, spontaneous bets on the favorite team;

All of the above in combination.

Targeted, spontaneous, fan preferences;

Random, organized, fan influence;

10. What is following the overask?

Tracking the odds with the aim of placing a bet at its minimum value.

A bet on an outcome whose odds are increasing;

Tracking the odds with the aim of placing a bet at its maximum value;

A bet on an outcome whose odds are rapidly decreasing;

Your score is

Learn More

Learn about the reasons why odds change during a match and how it affects your bets.

16 Jul 2024

Reasons for Changing Betting Odds During a Match and How It Affects Bets?

When forming odds, bookmakers take into account numerous factors. One of the most important factors is the reaction of the players.

Previous lesson

Learn how to bet on live sporting events.

16 Jul 2024

Introduction to Live Betting

By studying the lessons in this section you will learn more about what live betting is, how to choose the odds and what mistakes can be made in this betting mode.

Next lesson