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Low Odds vs High Odds – Should you bet low on high odds or high on low odds?

The eternal struggle between bettors always arises in regards to one thing, low odds vs high odds (or high odds vs low odds – same thing).

With sports betting and betting in casinos seeing a spike in popularity over the last couple of years, it’s no surprise that the debate on whether players should go for low or high odds betting has heated up again: Odds high or low: What is your choice?

To help you, we’ve compiled a guide that will make your decision on whether you should play low or high odds easier. Let’s get started and find out what low odds vs high odds really means!

Top 10 bookmakers sorted by odds [2021] - Updated list

Odds rank
Bookmaker
Betting Payout
Overall Payout
Rating
Play
1
Football: 99.08%
Basketball: 98.45%
Tennis: 96.33%
Overall Payout: 97.95%
Rating 9.81 out of 10
2
Football: 99.11%
Basketball: 98.25%
Tennis: 95.92%
Overall Payout: 97.76%
Rating 9.25 out of 10
3
Football: 97.73%
Basketball: 97.50%
Tennis: 95.86%
Live Betting: 93.64%
Overall Payout: 96.18%
Rating 9.30 out of 10
4
Football: 95.68%
Basketball: 95.87%
Tennis: 94.25%
Live Betting: 94.15%
Overall Payout: 94.98%
Rating 9.63 out of 10
5
Football: 96.34%
Basketball: 94.98%
Tennis: 94.84%
Live Betting: 93.21%
Overall Payout: 94.84%
Rating 9.72 out of 10
6
Football: 95.68%
Basketball: 95.79%
Tennis: 94.15%
Live Betting: 93.62%
Overall Payout: 94.81%
Rating 9.90 out of 10
7
Football: 97.27%
Basketball: 94.95%
Tennis: 94.95%
Live Betting: 91.89%
Overall Payout: 94.76%
Rating 9.35 out of 10
8
Football: 96.03%
Basketball: 94.10%
Tennis: 94.00%
Live Betting: 92.75%
Overall Payout: 94.22%
Rating 9.99 out of 10
9
Football: 94.90%
Basketball: 91.75%
Tennis: 94.78%
Overall Payout: 93.81%
Rating 8.82 out of 10
10
Football: 94.59%
Basketball: 92.31%
Tennis: 91.88%
Overall Payout: 92.93%
Rating 9.54 out of 10

First things first - What are low odds?

Contrary to what many people might think, low odds in betting don’t mean that the player has lower chances of winning the bet. Low odds, or short odds as their also often called, actually mean that the player has a much higher chance of winning the bet (high probability). But at the same time shortening odds come with lower profits.

The name might be a bit confusing, but low odds got their name because the winnings you can get from them are often very small compared to your stake. Even a low odds high stakes system won’t help you to win big bucks.

This doesn’t always have to mean that you won’t make nice winnings from making low odds bets, but in general, they are the “safe” way to go. In other words, betting on low odds strategy is perfect for beginners: Betting on low odds is considered one of the best ways to get familiar with the betting scene for new players that don’t have a lot of experience. For this reason, we recommend taking a look at our best staking plan for low odds guide too: It contains several low odds betting tips and explain betting big on small odds in detail.

What about high odds?

Just like with low odds, many people get confused by the name when it comes to high odds. High odds in betting means that the payout you might win from these bets will be very high, but the chances of winning the bet are quite low.

Betting on high odds gives bettors a chance to potentially rake in massive amounts on a somewhat small bet. Of course, the chances of that happening are slim, which is why high odds are also often referred to as slim odds.

Why do the betting odds keep changing?

We actually explained this issue in our tutorials and strategies section, but our visitors who want betting advice often ask for it, so it would be useful to mention it briefly. The odds offered by the bookmaker for a particular event change continuously until that event starts. This change can be up or down. If you are betting large amounts on low odds (or high odds), it is imperative that you find out the reason for this change. Because even high odds bookmakers can dramatically decrease the rates they offer for a particular event. To answer this question, let’s first remember the basics.

  • High odds meaning: It means that the probability of an outcome is low. For example, if odds of 9.0 for Team A is offered in a match, it means that the chance of that team winning the match is low. High odds for betting always mean that the chance of that outcome is low.
  • Low odds meaning: It means that the probability of an outcome is high. For example, if odds of 1.20 for Team B is offered in a match, it means that the chance of that team winning the match is high.

Odds give information about two things: One, how much money you can earn when you place a bet on that outcome (potential winnings). Two, the probability of that outcome happening. The odds offered for an event may change due to any development. But there are usually two reasons for this:

  • An unexpected development for favorites and underdogs. For example, if it turns out that the star player of the favorite team cannot play in that match, the chances of the underdog team will increase (therefore their odds will decrease) and the chances of the favorite team will decrease (therefore their odds will increase).
  • The bookmaker’s attempt to achieve balance. Whatever the outcome, the bets on both outcomes must be as equal in number as possible for the bookmaker to make a profit. If, for example, everyone is betting on the favorite team, the bookmaker changes the low or high odds ratio to keep the balance, encouraging bettors to bet on the other option as well.

Learning why odds change and how high odds betting sites work is of crucial importance: before you bet big in low odds (or do the opposite), make sure to learn the basics. This is the best sports betting strategy we can advise, and these basics are important for all other strategies, such as football strategies and systems, prop betting strategy, over under betting, and even low and minimum betting stakes.

Betting odds explained with types

Let’s continue with the basics by explaining different odds types. Here we will talk about the main odds types and not explain advanced betting terms such as short odds or long odds: To learn more about them, we recommend checking out our accept all odds movements and odds shortening guide. In order to create a low odds betting strategy and place a winning bet, you must first learn the numbers you see on the screen and their meanings. All of the best betting sites with high odds use one of these formats by default, but switching to other formats is always possible:

  • Fractional Odds: This is the “British” version of odds and it is shown by a slash or a hyphen, i.e. 4/1 or 2-1. Basically, the right digit represents your bet amount and the left digit shows how much you can win. For example, 6/1 means that you will win 6 unit for every 1 unit you wager. In this regard, if you bet 10 EUR for 6/1 odds and win the bet, the payout will be 60 EUR. (You will also get your initial investment of 10 EUR back.)
  • Decimal Odds: These are known as “European” odds and they are pretty common. They are simply a number that shows how much you can win by wagering 1 unit. For example, 4.00, 2.50, and 1.20 are all decimal odds. If the odds are 4.00 for a bet and you wager 100 EUR & win, the payout will be 400 EUR.
  • American Odds: These are also known as “moneyline” odds, and as the name suggests, they are common in US betting sites. They are shown with “+” and “-“ signs. If the minus sign is used, it means how much you need to wager to win 100 USD. If the plus sign is used, it means how much you can win for every 100 USD wagered. For example, “-150” means that you need to wager 150 USD in order to win 100 USD. Likewise, “+150” means that you will win 150 USD for every 100 USD wagered.

The odds range value explained

  • The low odds range value

Whether you’re looking into high or low odds betting, you’ll see that both categories of betting have a different range value that defines them. With low odds, this range value is most often between odds of 1.20 to 1.40, and these are the numbers you will see the most in a betting low odds system.

In some cases, you’ll see punters going up to 1.60 with what they consider to be low odds. These range values will provide you with a relatively small return for your stake, but you’ll have higher chances of winning your bet, especially if you use a low odds betting system.

  • The high odds range value

Following the previous paragraph about the range values for low odds, we can deduce that high odds are considered the ones above 1.60. In different terms, high odds betting could be considered underdog betting on a team that has odds of 50-to-1 against.

The chances that you’ll win these types of bets are incredibly slim, but if a bet does end up panning out, the amount you’ll win will be much higher than your initial stake. If you have doubts, though, you can always opt for hedge betting. We have also prepared a value football betting guide and a betting odds explained guide to better clarify this subject.

The confusion of odds and probability

As mentioned before, when looking at lower odds vs higher odds (or high odds vs low odds), people often get the meaning of the confused. A lot of this is due to people confusing odds with probability. Probability can be defined as the number of times we can expect an event to occur during many trials, and it always ranges between 0-1. However, odds are different. They’re the probability that an event will occur divided by the probability that the same event will not occur.

We can explain this more easily with an example of dog betting. If a greyhound participates in 100 races and manages to win 25 and lose 75 of them, then the probability of that dog winning is 25/100 = 0.25, or 25%. The odds of that greyhound winning however would be 25/75 = 0.333, or 1 win to three losses.

Betting low on high odds vs. betting high on low odds

Following a betting guide can often be a good idea when sports betting, as it might help with your chances of winning. There are hundreds of guides and strategies that players can look into when it comes to low percentage odds vs high percentage odds betting.

Some of them are more general such as live betting strategies, strategies for particular sports like a complete tennis betting strategy, sports betting money management strategy, but with odds, whether it is high odds vs low odds or vice versa, some of the most popular strategies are betting low on high odds and betting high on low odds. You can also check our low odds laying system.

It’s easy to see the appeal in these strategies and why they’re so popular. High stakes low odds betting, for instance, is often used to make up for the small wins that come with low odds betting by betting higher stakes. This way the chances of winning are high thanks to the low odds, and if your stake is high, the amount you’ll win will be bigger per your stake.

The opposite of high low odds can be seen with betting low on high odds. With the chances of winning being very slim on high odds, placing high stakes could mean big losses more often. This is why players place low stakes on high odds. This can minimize their losses, and if they do manage to win, the winning amounts are still high regardless of their low stake.

Which one is better? Betting low on high odds or betting high on low odds?

Tip

When you examine both of these strategies more closely, you can see that they both strive for the same goal. None is better than the other, it all depends on which one works best for the player specifically. With betting high on low odds, players can slowly build up a nice stack of winnings since the chances of a loss are lower. However, if you do lose, you’ll lose quite a high stake. Check our low odds betting strategy guide to find more strategies you can apply with low odds.

With betting high on low odds, the wins and losses are reversed. Over time, players might end up amassing quite a big pool of losses if they’re not lucky enough to snag a win, but if they do end up getting one, they’re golden.

Like with all betting, the most important part of betting low on high odds and betting high on low odds is learning to best manage your money. This way you can make the most out of your experience and know when it’s time to cut your losses and take a break.

Low odds and high odds betting strategies

We’ve already gone over some of the most popular betting strategies when it comes to betting on low odds and high odds, but that doesn’t mean they’re the only ones. Unsurprisingly, some of the best sports betting strategies like money management, software enhanced strategies, and only betting on one team can be applied to low odds and high odds betting, so looking into those might be a good idea.

Also, betting on low odds corresponds to the “over 0.5 goals” and “over 1.5 goals” markets, while betting on high odds means you can also focus on the “under 1.5 goals” bet.

Something else that might help you out, especially if you’re new to sports betting, is looking into different types of sports betting. Some sports betting is easier to grasp than others, and one sport you might want to look into is football.

As one of the most popular sports globally, you’ll find that profitable football betting is a very real option. You can find some great guides on how to read soccer odds (including soccer dropping odds and closing odds), how to win at sports betting, and how to avoid sports betting mistakes online to make things a bit easier.

Pros and Cons of low odds betting

PROS

  • Positive return over time
  • More chances to place separate bets
  • More betting opportunities

CONS

  • Less time to research bets
  • Bigger losses

Pros and Cons of high odds betting

PROS

  • Potential to score big wins
  • Low stakes can have big payoffs

CONS

  • Easier to accumulate losses over time
  • Less betting opportunities

Should you bet low on high odds or high on low odds?

The question of whether players should choose high odds vs low odds betting seems to be the center of a lot of confusion. With this guide, we hope we were able to clear up some of that confusion and help you make the choice that’s best suited for your betting needs.

In the end, both low odds and high odds betting offer some great positives that bettors can take advantage of, it all depends on what they want out of their betting experience.

Frequently Asked Questions about betting on low odds and high odds:

One isn’t necessarily better than the other. Both high and low odds offer their unique advantages and disadvantages. Depending on what type of betting experience you’re looking for, one or the other might suit you best.

No. Chances are more closely related to probability. You can read more about the differences between probability and odds in certain paragraphs of this guide.

Betting on low odds long-term is a “safer” way of betting, it isn’t necessarily better. Since the chances of winning when betting on low odds are higher, the player can accumulate solid winnings over time.

Betting on high odds long-term might minimize a player’s losses if they place low stakes bets, it isn’t necessarily a better betting strategy. If the player does manage to win however, their wins will be much bigger than their stake.

Are you ready to play at best betting site with high odds?

We explained the logic behind the low odds vs high odds and gave you a couple of tips to help you make a fast start: The rest is up to you. Whether it is high odds vs low odds or vice versa, you are ready to win big now. Pick one of our recommended bookmakers and place your first bet today: Good luck out there!