Which Type of Bet to Choose – Single or Express?

Single bet or ordinar – type of a bet where you need to predict the outcome of one event for winning (score in a tennis match, team-winner of a football match, Cup holder, etc.).

Express or press – a cumulative bet, where for winning you need to predict the results of several (from two) events. The odds for the express is the result of multiplying all the odds by the events that entered this press, but even with one wrong outcome of the train, the entire bet is considered a loser. In other words, there is no right to make a mistake, and to win, there must be a 100% possibility of all press events.

Let’s now consider the bets of both these types from a mathematical point of view. In order not to be unfounded, we suggest taking real odds for a real event. So, for the calculations we take the odds for the basketball game of the National Basketball Association Boston Celtics vs New York Knicks, scheduled for early morning MSC on February 3. For the convenience of calculations, take the odds for the equivalent events of the match – odd/even total game total, i.e. events with 50% probability. Bookmaker office offers odds of 1.95 for these equivalent outcomes (thus, the bookmaker margin is only 5% – a fairly small margin).

Let’s say our bank has a value of €1000, and our bet is €10. Simply put, after a hundred virtual bets (50 – to odd and 50 – to odd), we will have the following picture. Given the probability of 50%, half of our bets will lose, and on the other half of the bets we will get a win: €500*1.95 = €975.Consequently, with single bets our refund will be 97.5%, and the bookmaker will take 2.5% of our bank from us.

Now consider the version of the express from two events. To take this additional factor Odd/Even overall totals match NBA Miami Heat vs Houston Rockets (02/03/2016) – a “Marike” he again is 1.95. It turns out that we bet on the “Even + Even”, “Odd + Even”, “Even + Odd” or “Odd + Odd” – can use any of the options for these two games. In this case, the total probability of events is reduced: 0.5 * 0.5 = 0.25 → 25% and the odds increases accordingly: 1.95*1.95 = 3.80. Observing the same conditions as in the Ordinary of the bets, after a hundred bets for €10 only 1/4 of them will be winning: €250*3.80 = €950. That is, in the case of express, which consists of two events, we will refund 95% of their money, and get a 5% commission the bookmaker.

In other words, the time to fill long distance under otherwise equivalent conditions more favorable to single bet than express. We have given an example of multiple bets consisting of two events. It is obvious that the addition of each successive “trailer” (events) to our “locomotive” (rapid bet) the probability of passing the press will decrease. And if the express use events to unequal outcomes, and even put a bookmaker, who laid the margin of ~ 15%, then you know that in this embodiment express – it is a utopia.

Professionals never for serious games on the large sums do not use this type of bets, as express. By this bet, as usual, it uses that category of players who want to get the maximum profit with minimal investment funds. Without a doubt, there are lucky, who “get off” to the register “locomotives” of 15-20 events with crazy common factor. However, firstly, for such media put “penny”, and secondly, such press play once a year, with a leap, like the stick that shoots.

Let us give one more example of the real line on today’s events. Take 4 football matches in the Premier League from the line bookmaker Leon. Form the so-called “Popansky Express”, which included a seemingly 100% -s’ outcomes, because leaders are playing with underdog and have to win:

1. Arsenal vs Southampton – Home (1.73)
2. West Ham vs Aston Villa – Home (1.81)
3. Norwich vs Tottenham – Away (1.79)
4. Sunderland vs Manchester City – Away (1.45)

Thus, at a bet of $100 on our Express, we get: $100*8,127 (1.73*1.81*1.79*1.45) = $812.7. Agree, very tempting amount at seemingly obvious Express. However, Arsenal’s key players are injured, Aston Villa (albeit in last place) will not play 3 games in a row, Norwich is fighting for survival after scoring Liverpool in the last round 4 goals at home and Manchester City is not the best plays away matches. All this information is unlikely owns half the players are betting on “the club’s name.” So, if at least one match outcome does not coincide with reality, the bet of play “in the bucket.”

The same embodiment, but a single bet (4 match, then the $100/4 = $25 per single bet) 1.73*$25 + $25 + 1.81*1.79h $25 + $1.45*25 = 43.25 + 45.25 + 44 75 + 36.25 = $169.5. Of course, profit is not the same as in the expression, however, even when losing one bet we remain in positive territory, while the two losers – losing a minimum. The risk, of course, a noble cause, so choose the type of bet you’ll do, we just shared their views.