Best Virsliga Betting Odds (Latvia)
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Betting odds is a crucial concept of sports betting and bettors should have a solid understanding of how they work before placing a bet. Bookmakers use a numerical index for all sporting events to represent the likelihood of a particular event occurring or not. It also represents the profit that the punter can obtain if the bet is a winner. As this article is going to focus on the Latvian top flight domestic league, we’ll be referring to Virsliga odds. Want to know how much you stand to win from betting on Latvia's footballing elite? The Virsliga football odds are essential and should be carefully analysed before playing.
How are the Virsliga odds calculated?
This is the first thing you need to know: odds are calculated by the bookmakers using statistics, mathematical probabilities and a number of algorithms to determine the price for each event. They vary according to the probability of the event taking place. The higher the likelihood of an outcome occurring, the lower the odds will generally be. On the flip side, the lower the likelihood of an outcome or event taking place, the higher the odds will be. Need an example to help you understand? Let's take a look at a match between Riga FC and Tukums 2000.
Riga FC are often in the thick of the battle for top spot in the Virsliga. The club is also lucky enough to be playing at home in this latest round of matches. It is therefore logical that the bookmakers have made them the favourites for this match. A bet on Riga to win the match shouldn’t come with the expectation of high odds (e.g. 1.10). In fact, there's a good chance that the favourites will come out on top. What if you want to bet on Tukums 2000 to win? As you will have realised, the chances of this team winning the match will not be high. The odds will therefore be much greater (e.g. 18.00). It's important to understand that the Virsliga odds will be shaped by the last few encounters between the two teams, recent results, injuries to key players, among many other factors.
Bookmakers also offer live betting on the various fixtures and the odds will be adjusted in real time, depending on the action in the match. For example, a goal can change everything! If Tukums 2000 open the scoring, their odds will drop considerably (e.g. from 18.00 to 3.00). On the other hand, Riga FC's odds will become much more attractive (e.g. from 1.10 to 1.80). It is important to understand this when betting live.
How do I use Virsliga odds?
The odds on Virsliga matches will change according to the bets offered by the various betting sites. There are several reasons for this. Firstly, it allows you to calculate the potential winnings from the bet. Want to know how much you stand to receive if your bet wins? Simply multiply the odds by the initial stake. The total gives you the potential winnings that will be credited to your player account (odds x stake = potential winnings). This is the very first use of betting odds.
The odds also allow you to compare your opinion with that of the bookmakers for the various Virsliga matches. This will help you to identify bets that have value and others that should be passed on. To better understand this usefulness, let's take a match between Valmiera and Auda as an example. Based on your analysis, it's highly likely that Valmiera will come out on top. And you notice that the bookmakers are giving them odds of 1.40. You're on the same wavelength as the betting sites! What percentage chance they have of winning is now where you will attempt to identify value. If you believe Valmiera wins the match 80% of the time (1.25 odds) then there would indeed be value in taking Valiera at 1.40, which implies a 71% chance probability.
What if it were the other way round? Let’s say the odds on Valmiera to win offered by the bookmakers was 2.00 – much higher than your predicted odds for the match. You’ll now have to identify what is causing the discrepancy. It could be that you overlooked a key piece of information such as a statement by the manager to rotate the entire starting 11, multiple injuries to key players, an internal conflict in the club or any other type of factor. If you don't find anything out of the ordinary and you think that the bookmakers are underestimating Valmiera in this match, don't wait too long and bet on them to win. This would be a spot where you have identified a potentially very lucrative value bet! That's how it works with all the teams in the Virsliga.
Bet on Lativan championship winner with futures markets
It's no longer a surprise to anyone! As well as allowing you to bet on individual matches, bookmakers also give you the opportunity to wager on the competition itself. Players will therefore be able to place bets on which team will be crowned champion, along with other markets such as: relegated teams, top goalscorer and top three positions. Most of the time, these odds are particularly tempting, especially if they are placed before the start of the season. This long-term bet is unlikely to take long to find takers. In fact, it offers a different kind of excitement to betting on matches. Enough to convince even the most sceptical!
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It's a strategy that the most experienced punters know very well. To maximise your winnings by betting on the Virsliga, you need to go for the highest odds available on the market. It's important to understand that the odds on the same match vary from bookmaker to bookmaker. So it's essential to compare all the odds to get the best possible returns.
Let's take a look at the Virsliga match between Super Nova and RFS. For this match, you want to bet €100 on RFS to win. You've looked closely at all the French bookmakers. The odds on their success are offered on average at 1.30 by the various operators. However, you notice that bet365 offers the same bet with odds of 1.40; that's a big difference from its competitors. By betting €100 on bet365, you could win €140 in gross winnings, compared with an average of €130 on other sites. Add up that €10 over the course of consistent bets over an entire season and you’ll come to find it’s a significant amount. These small edges can often be the difference between a winning bettor and losing bettor over the long run.
Taking full advantage of the best odds is easy! You'll need to register with as many betting sites as you can. This will ensure that you never miss out on the best odds. There's no point in comparing all the odds if you don't have an account on the site offering the best one... Many punters don't follow this advice and end up losing a few euros. Don't do the same thing! Your winnings will be much higher in the long term. By now, you've certainly understood the importance of comparing all the odds on the market when betting on the Virsliga. And why not do it with our odds comparator? Don't wait any longer to find the odds for the next Latvian league matches!
