With such an abundance of betting sites offering odds on different outcomes in various sporting events, you may have wondered how online bookmakers are able to offer so many different bets on a single sporting event. How can they possibly know the best odds for each potential outcome, and how do they set their own prices accordingly?
Unsurprisingly, there is quite a bit more to calculating UFC betting odds than meets the eye. This article will explain exactly how betting sites determine their odds and what factors you should keep in mind when placing your wagers. This will enable you to make informed decisions about which bets to place and which ones to avoid.
Table of Contents
What Are The Basics of Calculating UFC Odds?
If you are new to betting, you may be wondering how bookmakers can offer such accurate UFC betting odds. After all, there is no way to predict the outcome of every single fight with 100% accuracy. Fortunately, calculating UFC betting odds is much simpler than you might imagine.
All you have to do is take the total monetary value of each possible outcome and divide it by the total number of bets on each outcome. The result is the average return per dollar you would make if you were to bet on each outcome. To give you a clearer picture, let’s say there is a fight between two relatively inexperienced MMA fighters. One fighter is a heavy favorite, while the other is expected to lose by a wide margin.
Now, let’s assume that the winning fighter has a total of $4000 staked on him to win, while the losing fighter has $800 staked on him to lose. To calculate the average return per dollar, you simply take the total amount of money staked on each fighter and divide it by the total number of bets. In this example, $4000/$4100=$99.
That means that, on average, the winning fighter would return $99 for every $100 that was bet on him. That, in a nutshell, is how online sportsbooks calculate UFC betting odds. The only difference is that the numbers for each outcome are represented as decimals instead of whole numbers.
UFC Props and Odds
As we have already discussed, sporting event odds are determined based on the likelihood of each possible outcome. Because the outcome of each UFC fight depends entirely on the competing fighters’ skill and stamina, UFC betting odds will vary widely from fight to fight. One UFC betting option that may be familiar to many seasoned MMA fans is the “fight prop.” Fight props are special wagers that apply to a select few UFC fights each month. These include wagers such as “How many knockdowns will occur in the fight?” and “Which fighter will win the fight?”.
The great thing about fight props is that you can bet on them without having to predict which fighter will win the fight. Instead, you can simply place your bets based on how many knockdowns occur during the fight or who wins each round. The only catch is that you will have to carefully weigh the odds of each potential outcome before placing your bets.
How Do Bookmakers Calculate Fighting Props?
As we have already discussed, calculating UFC betting odds is simple enough. However, calculating individual fight props takes things to a whole new level. Although bookmakers do have a general idea of which fighter is likely to win a fight, they don’t actually know for sure.
Nonetheless, it’s crucial for them to make accurate fight prop odds based on their own knowledge and public opinion, and betting patterns. This means that, when calculating fight props, bookmakers will look at things such as the experience level of each fighter, as well as their previous fight results. They will also take into account how the fighters have performed lately, any injury concerns, and the match-up itself.
UFC Live Betting Odds
Live betting is a relatively new phenomenon in the online sports betting industry. It refers to placing bets on an event that is currently happening rather than on an event that has already taken place. Live betting is a nice way to spice things up a bit and offer a bit of variety to your betting routine.
Most live sports betting sites have added the option to bet on UFC events, which further increases the flexibility of the sport. In contrast, to fight props, live betting offers real money payouts based solely on which fighter you think will win. When calculating UFC live betting odds, bookmakers will consider the same factors as they would when calculating odds for a pre-determined event. They will also take into account the fighters’ current performance during the fight.
Look Out for Bonuses & Promotions
As you begin to place more and more UFC betting wagers, you will notice that some sites offer a higher average return than others. This is often due to the fact that different sportsbooks set their own UFC betting odds. Some sites may also offer higher payouts to attract new customers and keep their existing customers happy. You can save yourself a lot of time and effort by simply choosing the site with the highest average return per dollar.
This will enable you to maximize your winnings and minimize your losses.
Once you have chosen a site, you can maximize your winnings even further with the help of site-exclusive bonuses and promotions like the BetMGM California bonus. Many betting sites offer special UFC betting bonuses and promotions to encourage new customers to sign up and place their first bets. These promotions are a great way to help you save money while increasing your winnings at the same time.
Conclusion
Betting on sports can be extremely fun, but it can also be a lot of work if you don’t know what you’re doing. Fortunately, this guide will help you navigate the world of sports betting like a pro. You’ll learn how to calculate UFC betting odds, what UFC props and live betting are, and how to make the most of site-exclusive bonuses and promotions. Bet on sports responsibly!
