22bet odds

Why is it better to bet with this operator? Quite simply because it has a licence from the National Lottery Regulatory Commission (as well as a Curaçao Gaming licence), so you can be sure of getting paid if you win. 22bet is also known for offering much better odds than its competitors, especially on niche sports.

Today, sports betting occupies a large part of the online gaming market. Service providers are jostling for position, each offering more attractive deals than the last. However, there is one criterion that is important to bear in mind when choosing a bookmaker. This is, of course, the odds. With the bookmaker 22bet, here is some useful information about the odds on offer.

Sports betting offer

General information on odds

An odds is a decimal number representing the potential gain on an event. Its value cannot generally be less than 1.00.

How are sports betting odds calculated?

In sports betting, this value represents the probability of an event occurring. These are not random or abstract numbers, as they are calculated. An algorithm specific to each bookmaker is used to determine them.

How do you understand how the odds work?

When an event occurs, for example, take the number 1 divided by the odds. Then multiply the result by 100 to give the probability of the event occurring.

Let's take a football match between two teams, A and B, as an example. The odds on team A winning are 2.17, on team B 3.24 and on a draw 3.33. Doing (1/2.27 *100), (1/3.24 *100) and (1/3.33 *100) gives us 46,728%, 30,864% and 30,030% respectively. These results translate into a probability of victory for team A of 46,728%, a probability of victory for team B of 30,864% and a probability of a draw of 30,030%.

The bookmaker's specific offer

22bet has its own algorithm for calculating the probabilities of events occurring and other tools that make it clearly competitive with Nigerian bookmakers. This online betting service provider is also renowned for being among those offering attractive odds, if not the most attractive, to their customers.

What type of odds on 22bet?

There are several types of odds, and they vary according to certain regions. In Europe, for example, so-called European decimal values are used. They are represented as decimal numbers, as the name suggests. So you'll see numbers of 1.95 or 3.58...

How do you calculate the odds on 22bet?

It is important here to differentiate between the stake, the winnings and the profit. The stake is the amount staked. The profit is the sum obtained by multiplying the odds by the stake. Finally, the profit is the difference between the winnings and the stake.

Let's take the previous example and a general bet of ₦8500 on Team A's victory. The payout will be 8500*2.17 so ₦22950 and the profit will be 22950-8500 = ₦14450.

Odds evolution during a match

The odds change as the sporting event progresses over time. It is therefore not unusual to see their values change. They increase, decrease or stabilise depending on this last factor.

The bookmaker 22bet offers really attractive odds, which change according to the course of the match. You then have to do your analysis and make your calculations on winnings and profits. And you can place your bet on the events you want while being very careful.