How to calculate margins on soccer betting odds

 - Calculating 1X2 odds’ margin in two simple steps

 - Comparing bookmaker’s margin

Understanding the margin a bookmaker adds to betting odds is crucial for bettors aiming to boost their long-term gains. Bettors benefit more from lower margins, as higher margins can significantly reduce profits. This guide explains how to effortlessly calculate the margins on 1X2 odds.

Experienced bettors prioritize understanding the true cost of their bets, which lies in the margins applied to the odds, rather than just comparing the odds themselves. Our Margin Calculator provides an easy method to determine the margin on any given bet.

Consider a soccer match with three possible outcomes: home win, away win, or draw. For the Premier League's opening week of the 2016/17 season, 7x7Bets listed Hull City's victory at the KCOM Stadium against Leicester City at odds of 3.41, with Leicester at 2.39 and the draw at 3.19.

Outcome	Odds
Hull City to win	3.41
Leicester City to win	2.39
Draw	3.19

Calculate margin: how to calculate 1X2 odds’ margin in two simple steps

1. Transform the odds for all three outcomes into decimal probabilities.

2. Apply the formula:

Margin = (1/Home Odds) + (1/Away Odds) + (1/Draw Odds) – 1 

Step One: The initial step to calculating margins for 1X2 odds is converting each market option into a decimal chance of winning, represented by (1/Odds).

For Hull City, the decimal probability is (1/3.41) = 0.293 (indicating a 29.3% chance of winning). The probability for a draw is (1/3.19) = 0.313, and for Leicester, it is (1/2.39) = 0.418.

Outcome	Odds	Decimal Probability
Hull City to win	3.41	0.293
Leicester City to win	2.39	0.418
Draw	3.19	0.313

Step Two: Insert the calculated probabilities into the formula to determine the margin.

Margin = (0.293) + (0.418) + (0.313) – 1, equating to a margin of 0.024 or 2.4%.

Comparing bookmaker’s margin

Another well-known bookmaker offers odds of 3.10 for Hull City, 2.10 for Leicester, and 2.90 for a draw, resulting in a significantly higher margin of 12%. This margin is over five times greater than that of 7x7Bets.

In real terms, betting $100 on Hull City to win in the 1X2 market would yield $31 more with 7x7Bets compared to placing the same bet with another leading online bookmaker.

At 7x7Bets, we are committed not only to providing the best odds but also to educating bettors on making more informed betting choices. We invite you to verify our margins against those of other bookmakers and see for yourself who offers the best online sports betting deal.

Thanks to our innovative risk management model, 7x7Bets consistently offers better value than many competitors.

Now you know how to calculate margin for soccer. Sign Up Now or click HERE to play at 7x7Bets, the most reliable and trustworthy online casino in India. Don't forget to claim your withdrawable real money welcome deposit bonus, weekly cashback bonus and referral bonus!