Euro 2016 betting explained

Knowledge is power for Euro 2016 betting!

Euro Betting

Euro 2016 is a major tournament for your football betting and there are a lot of considerations to make for your betting on the event. First out of the gate though is understanding how Euro 2016 betting works and the key to unlocking all of that is getting your ducks in a row before a single ball has been kicked in anger at the tournament.

Plan Your Euro 2016 betting bankroll

What do we mean by this? It means get yourself prepared by getting yourself a firm budget, a betting bankroll that you will be using and stick with it. Regardless of whether it is just a lump sum of say £100 that you have to gamble with during the tournament and once that’s gone that’s gone, or whether you set yourself a £5 daily budget for Euro 2016, you need to have a plan in place before you start.

That way you won’t have any surprises down the line. It is easy to start chasing losses (taking riskier bets) to try and make up for losses and usually you end up losing even more. So if you have a set plan before Euro 2016 betting starts, then you will know exactly how much you afford to lose. That’s the way to look at betting, never how much you can win. Betting is a risk and that needs to be understood. So that’s our key piece of advice out of the way, so let’s look forward to finding out how Euro 2016 betting works.

How Euro 2016 Betting Works

There are some straightforward wagers to be made at Euro 2016 and that is where a lot of the causal punters will gravitate towards. The most basic and most popular is picking the winner of the tournament before the big kick off, which is on June 10th. Who do you think is going to go out and win the entire event? Maybe you fancy Spain for the third time in a row at 11/2? Or perhaps current World Champions German at 10/3? Or maybe you are thinking that this is England’s time to deliver the goods at a quote of 17/2.

What do these prices mean? Well normally you will see odds like 3/1 or 5/1 and these are straightforward, for example 3/1 means that you will win £3 for every £1 staked on an event. But bookmakers are all about margins and therefore you will see those odds like the 11/2 quote on Spain to win Euro 2016. Basically this is a price in between 5/1 and 6/1. Split the first number in half (just roughly) and that’s where you are at, so it would be like a five and a half to one bet. So the 17/2 price on England to win Euro 2016, split that in half and they are halfway between 8/1 and 9/1. That’s the simplest and quickest way to gauge those odds.

If you see a price like 10/3, don’t half it, split it into three, so you are roughly round the 3/1 mark. As the Euro 2016 tournament progresses you will see the odds change and perhaps you will see a team become odds on to win the event, and you’ll see plenty of that in match outrights as well. What does an odds on price in Euro 2016 betting mean? Well if you see a price of 1/2 on the board for say Germany to beat their opponent in a match, then it means that you have to stake £2 to win just the £1 back. That is because Germany would be strong favourites to win that match so the bookmakers aren’t going to give you a big price on it happening.

How Euro 2016 Betting Works in the markets

There are so many Euro 2016 betting markets already available for punters to get stuck into that it is something that is going to overwhelm a punter if you try and look at everything! Don’t, pick a few markets that you enjoy the most and then what you do is try and find the stats on those markets alone to try and boost your chances of winning.

For example, if you are looking at England v Russia Euro 2016 betting then some of the popular markets you could look at would be the match outright, the game going over/under 2.5 goals, both teams to score and perhaps the anytime goalscorer market. If you aren’t too familiar with Asian Handicaps or Lucky 15’s and things like that, ignore them, don’t get caught up in everything, there’s nothing wrong with a straight forward, simple bet. Once you have some favourite markets for Euro 2016 betting, use stats to help make your decision. If England’s last three games have gone under 2.5 goals for example, that would lend credence to their next one going the same way, but you do have to take into consideration the form of their opponents of course.

You aren’t just limited to pre-match markets either, because you will have live in play betting to enjoy on the tournament as well. This is a dynamic form of betting where the market prices change rapidly. You can find things like the match outcome to be bet on while the game is in action and things like the next player to score and the total amount of corners and such. Watching a game while enjoying live betting will help you make informed decisions, but one note here, never think that you are going to catch the bookmaker out.

All streams and broadcasts of live matches are ever so slightly delayed so the bookmaker’s live odds are always going to be just ahead of what you are seeing. So you won’t see a goal fly in on the tv and then hope to bet on that happening before the bookmaker gets to it. It’s not going to happen. As with pre-match betting, always plan with a budget because it’s easy to get swept up in all this and throw money that you never planned to at it.

How Euro 2016 Betting Works Percentages

If you really want to get into the value for your money that you are getting, then take a look at probability. While this may look a little overwhelming, it’s easy to calculate and you will get to see how the likelihood of an event happening, according to the bookmarks of course. There is a simple formula of Probability = B / (A+B). Simply turn the odds that you have, say 4/1 into A/B and you are good to go. So 4 / (1 + 4) – 0.20 so there you have a 20% chance of the event happening, which is a long shot. This can most clearly be seen in even money bets which are 1/1. 1 / (1 + 1) = 0.50 so you have a fifty percent chance of something happening. The higher the percentage of something happening, the shorter the odds.

How Euro 2016 Betting Works Decimals

The two main formats of prices are fractional (for example 4/1) and decimal (4.0). It all adds up to the same thing and actually the decimal odds are a little easier (in terms of quickness) to figure out. If you have a quote of 4.0 decimal and you throw a £10 stake at it, you will get £40 returned in your pocket, as it includes the stake return. When you are looking at the equivalent of 4/1 in fractional that is the winnings only that you take, so you would £40 plus your stake back. With decimal odds simply multiple the price by the stake so 1.25 odds with a £10 stake returns 12.50 and 2.50 of that is the winnings included. There’s no difference, it’s just a matter of preference.

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How Euro 2016 Betting Works at Online Bookmakers

You can get online through your desktop, your laptop, your tablets and your phones nowadays so you are always getting access to online betting. This is supremely convenient for a punter and wherever and whenever you fancy a punt, you can get online and play. Just register an account with your preferred bookmaker (you are allowed to have an account with more than one bookmaker) and then fund your account (check for funding and withdrawal methods). Once setup (it should be a quick process), browse through your markets and select your options to send them to your betting slip. Strike your bet and away you go. It’s simple, straightforward and use our tips to help you enjoy Euro 2016 betting.