William Hill: The Sportsbook Provider Who Offers Great Odds
William Hill offers good odds for sports betting. Their lines feature competitive spreads, moneylines and totals, and they have a variety of promotions to help their players get the best value.
Factors used to Determine the Odds
William Hill uses a variety of factors to determine the odds for sportsbook bets. They review past data, analyze the performance of teams and players in recent games, and take into account the current form of the team they are offering odds on. They also look at trends, such as if a team has had a good or bad streak over the past few weeks or months and take into account any potential changes in the coaching or management staff.
In addition, William Hill also takes into account the availability of players, injuries and suspensions, player transfers, weather conditions, and any other factors that could influence the outcome of the game. They review the records of the competing teams and study the form of the team and individual players. If a team is playing at home, they may offer different odds compared to when they are playing away.
William Hill also considers the flow of the game, such as how many goals have been scored in the first half, which team is currently ahead and how the game has progressed until that point. All of these factors can contribute to calculating odds that accurately reflect the chances of each team winning. William Hill also considers how much money has been placed to a particular bet and the betting amount can cause the odds to fluctuate.
William Hill’s Three Main Formats of Odds
William Hill offers three main formats of odds, each with its own advantages. These include Decimal, Fractional and American Odds.
Decimal Odds:
Decimal odds provide a straightforward and easy-to-understand representation of how much you can win from a bet. The figure presented will always be in the ‘base unit’ of the currency you’re betting with. A multiple of that figure will be the total you receive for each unit wagered. For example, a bet of £10 at odds of 5.00 (odds are expressed as ‘5.00’) means that if the bet wins, you receive £50 in total (5.00 x 10) or five times your original stake. The decimal odds display the return you receive including your stake.
Fractional odds:
Fractional odds indicate the amount of money you stand to win compared to the stake you place on the bet. You’ll typically see the return projected as a ratio of the bettor’s stake, with the winnings added. Therefore 2/1 reads as ‘two to one’, where for each unit risked, you will win two units. So for a £10 bet at 2/1, a bettor would win £20 (2.00 x 10) and receive a total of £30. The fractional odds also do not include your stake in the total return, so you’ll need to add this on.
American Odds:
American Odds differ from their peers by using positive and negative signs to indicate which side of the wager is expected to win the bet. This figure indicates how much money must be wagered in order to win a hundred units. A positive number (for example +150) states that £100 will be paid out, plus £150 of profit (100 x 1.50). A negative number (for example -200) requires a staking of £200 in order to win £100 (200 x 0.50). American Odds reflects the betting odds in US sports like NBA and NFL.
Calculating Implied Probability with William Hill Odds
Calculating Implied Probability with Decimal Odds on William Hill:
Decimal odds on William Hill are displayed in the format x.xx, for example 2.00. To calculate the implied probability of a Decimal odds, you simply divide 1 by the odds. For the example above, the implied probability would be 1/2.00 = 0.50. This means that the sportsbook’s implied probability is 50% (or 1 in 2 odds) that the selection will win.
Calculating Implied Probability with Fractional Odds on William Hill:
Fractional odds on William Hill are typically displayed in the format x/y, for example 2/1. To calculate the implied probability of a Fractional odds, divide the denominator (y) by the numerator (x) + denominator (y). For the example above, the implied probability would be 1/ (2 + 1) = 0.33. This means that the sportsbook’s implied probability is 33% (or 1 in 3 odds) that the selection will win.
Calculating Implied Probability with Moneyline Odds on William Hill:
Moneyline odds on William Hill are displayed in the format x:y, for example 11:10. To calculate the implied probability of a Moneyline odds, divide the left side of the odds (x) by the sum of both the left side (x) and right side (y). For the example above, the implied probability would be 11 / (11 + 10) = 0.52. This means that the sportsbook’s implied probability is 52% (or 1 in 2 odds) that the selectionwill win.