Author:
Zack Wilson
Last Updated on:
11/01/2022
Table of Content
- Most important reasons to compare odds – pick the best fighter
- How do bookmakers determine their odds? Where the numbers come from
- Most popular odds formats explained – different numbers, same odds
- How to calculate the expected value – show me the money
- Why loyalty doesn't always pay – and what to do instead
- Other factors to consider when comparing odds – don’t miss the forest
- Top quality bonuses
- Odds comparison vs live betting – never miss the action
- Conclusion – win every fight
- Our highest-rated online sportsbooks
- UFC Odds FAQ
Most important reasons to compare odds – pick the best fighter
The face-to-face nature of mixed martial arts makes it an intense sport. And finding the best UFC odds makes for the most exciting betting opportunities. When shopping for a car, a customer will need to look at several vehicles from different dealers before making a decision.
The same principle applies to bettors looking for the best UFC betting odds. To make sure that you are getting the real deal, you’ve got to weigh different sportsbooks and find the most appealing options. The odds tell you how much you can pocket if you win the bet. If you carry out an extensive comparison, you’ll be able to make the right choice and maximise your gaming experience. The best betting odds also give you an idea of the probability of different outcomes occurring. It is vital to get more information before diving in. In this guide, we’ll discuss more on betting on the UFC.
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How do bookmakers determine their odds? Where the numbers come from
We mustn’t forget that bookies in Ireland are looking to make some money. Therefore, when bookmakers are setting UFC odds, golf betting odds, or odds on any other sports, they’ll try to retain some advantage. However, sportsbooks maintain a balance and set odds that are still potentially profitable for their customers. The process of determining the odds takes into account several influential factors. The bookmaker collects information on the event, such as past winners, and past tournaments. The bet volumes on each side of the event also influence how the UFC betting odds move. The betting site computes the data and comes up with the ratios. But first, bookmakers set their profit margins to make sure that, whichever side wins, they earn a profit.
Why do odds vary between bookmakers?
Like with football betting odds, UFC odds from different bookies for the same event will be different. Betting sites charge a fee on the punters' wager for a particular event. This is known as an Overround. As you can imagine, operators need to cover overhead expenses. Therefore, this will create a significant discrepancy when you compare a set of different odds from various bookies. Because different bookies set different margins and interpret the numerous influencing factors differently, odds tend to differ between sportsbooks.
Most popular odds formats explained – different numbers, same odds
As we mentioned before, players should compare UFC odds from different websites to get the best returns from their gambling sessions. Now, for you to compare these odds, you must understand that the values are expressed in different formats. The decimal format is by far the easiest to comprehend. However, many sites also use the fractional and the American formats. In the following segments, we explain each format and what it means when you see these numbers displayed. For newbies, it may seem a bit complex, but once you grasp the concepts, you can comfortably bet at any bookie.
Decimal odds explained
In the decimal representation, the amount shown is what you would win including your stake. If, for example, you stake €1 and win €3. You would get the €3 plus your €1, making a total of €4. In decimal formats, these odds would be presented as 4.0. This does not mean that you can only wager €1. Let's use a different example. If you were to wager €20, with odds at 4.0, your total winnings including your stake would be €80. That means you would have made a profit of €60. So, to get your total winnings, simply multiply your state by the odds value.
Fractional odds explained
The fractional notation is more commonly used in the UK and Ireland. This is a bit more complex for UFC odds and is usually used for horse racing events. This notation uses a hyphen or an oblique which is placed between two numbers. The number on the left is the profit you make when your bet wins, and the number on the right side is your stake. So, as an example, if the odds are 2/1 or 2-1, and this is read as two to one, it means for a €1 bet, you will get €2 as your profit. The total amount you would collect is €3. Similarly, if you were to wager €20, you would make a profit of €40 and take €60 home.
When the odds are 1-2, this means that your profit would be smaller than your stake. For a bet worth €2, you stand to make a profit of €1. You would take home €3.
American Odds explained
This form is the easiest for UFC odds. Also known as the money line odds, the American odds take on a completely unique form. The odds are based on the amount of profit you would make from a €100 bet or the amount you would need to stake to win €100. There are positive odds which are denoted by a plus sign and the negative by a minus sign. Positive odds are for the underdogs and hence payout more. Here, the amount after the plus sign represents how much you stand to win from a €100 stake.
For example, if the UFC odds for tonight for the underdog, Eddie Alvarez, are say, +210, this means that if you bet €100 you will collect €210 in addition to your €100. €310 in total. The favourite Conor McGregor might have the odds of -190. This means that the punter will part with €190 for a chance to win €100.
How to calculate the expected value – show me the money
If you place bets on UFC odds, so often, you become aware of a trend. The likelihood of your wins and losses can be calculated in a concept known as expected value or EV for short. Here you calculate the difference between your average winnings and your average losses. EV is the estimate of what a bettor anticipates to win or lose while playing with similar odds, over some time. A positive EV means the bet is profitable while a negative one means you are chasing more risk with a lot fewer potential returns. To calculate the expected value of any UFC bet, you can use the following formula:
(Amount you can win per bet x Probability of winning) – (Amount you stand to lose per bet x Probability of losing)
So, if you analyse the UFC odds which you normally pick, you can work out how you're performing and make an adjustment, if possible.
Why loyalty doesn't always pay – and what to do instead
Many sports betting websites offer a bunch of special promotions that will attract customers. You will even get some loyalty points and get special VIP treatment. However, when it comes to finding the best UFC betting odds, you may want to consider skimping on loyalty a few times.
Importance of comparison
Never take for granted that, just because a betting site has some decent features, with a welcome bonus, quick and easy payment methods, and everything, that it means it will always have the most attractive UFC odds. Always compare and contrast each time before making a punt. The same principle can be applied for finding the best NBA odds, rugby odds, and cricket deals, etc.
Lost value
You may be a regular at a particular online betting site, enjoying some slightly advantageous perks now and then but it may be worthwhile to occasionally check out other options for more attractive UFC odds. This way you will not pass up an opportunity to maximise value.
Other factors to consider when comparing odds – don’t miss the forest
Odds are really a central feature in sports betting, as they determine how much profits a punter is likely to collect. However, when other factors are taken into consideration, looking at the UFC odds as the sole determining factor may mislead your efforts. Competition in the online sports betting industry is quite stiff and betting sites will not stop at anything to entice players. There are a few aspects of a bookmaker that are worth considering in conjunction with odds, of course.
Sometimes a promotion is too great to pass up. So before ditching a betting site on the grounds of uncompetitive odds, just consider if the odds from the other site will offer more value than the bonuses you’re forfeiting. You may be able to get slightly better odds at your usual bookie for a particular event and yet a new site has competitive odds for a wider range of betting markets. As you can see, higher UFC odds may not be everything, depending on other circumstances.
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Odds comparison vs live betting – never miss the action
Live betting creates the most engaging gaming environment for online punters in Ireland. The great thing about live betting is that you get to place bets on the match as it unfolds. However, like with horse racing odds, in-play wagering proves to be more complicated than with pre-match UFC odds.
The odds will shift spontaneously as the game progresses and this will make it harder for you to manage your bets. Understanding how the odds work, however, will help you predict how they would change. In mixed martial arts and other fighting matches, you must understand the individual fighting styles and this may help you predict what will happen at the moment. If you understand each fighter’s skills, it’s possible to foretell how UFC odds will change in different live betting scenarios.
Conclusion – win every fight
Betting on Mixed Martial Arts is a great way to have some fun while taking advantage of attractive opportunities to win. But before you place your wager, it’s very important to compare the UFC odds from different online betting sites. At the same time, getting the best odds may not be the only important aspect when it comes to realizing value. For example, a sportsbook offering great bonuses and promotions may be worth considering, even when it offers slightly less attractive odds.
Live betting UFC odds will change quite spontaneously as the match proceeds. Understanding the personal fighting styles always helps you make quick reactions in live betting scenarios. Overall, punters from Ireland can enjoy a range of sports betting opportunities but it is crucial to compare different websites and get the best possible deals.
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New customers who reside in Ireland only. Opt-in required. Min Deposit: €10. First deposit matched up to €30. 1x wagering at odds of 1.75+ to unlock Free Bet. Debit card and Paypal deposits only. This offer is valid for 7 days from your new account being registered. Terms apply
UFC Odds FAQ
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