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Definition of ‘Stake’: Money or property risked on the result of a horse race, card game, match outcome, etc. Stake (or ‘wager’ in America), is straightforward terminology. You bet with your friend on a game of pool, and stake £5 each. Whoever wins the game gets £5 from the other party, and whoever loses is £5 poorer. In betting, the stake (or ‘wager’) usually means money, which is countable. The concept of stake becomes much more complicated if property is wagered, such as houses, cars, or in some countries even wives! If you gamble property then you not only have to calculate the true probabilities of a bet to compute the odds, but also convert the staked property into a monetary value.

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Here are two definitions of odds from well-known dictionaries:
Macmillan Dictionary: The chances that are used for calculating how much money you will get if the person or thing you bet on wins a race or competition.
Oxford Dictionary: The ratio between the amounts staked by the parties to a bet, based on the expected probability either way.

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Even the term ‘Stake’, at least so long as it is money related, is easily understandable. Whatever level your stake is, there are only two options: you either lose the bet and your stake, or you win the bet, retrieving your stake and adding to it your winnings. However, the term ‘Odds’ is far more difficult for most bettors, especially as odds are connected to market prices, fluctuations, probabilities, expectations, etc.

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Example of Value for Money What is Value?
Say, as an example, you have £500 and think of spending it on clothes. Value for money doesn’t mean that you should get as many clothes as possible for £500. Actually the very first question you need to ask yourself is: Do I actually need any more clothes? If the answer is yes, then the next question is: What clothes do I really need? You may come up with the following list: a shirt; five items of underwear; jogging bottoms; a winter coat The next step is to write down the prices for these items. Here we are looking at prices for good quality items not just the cheapest bargains which will need replacement sooner than later. So our list is now priced as follows: 1 x shirt – £85 5 x items of underwear – £50 1 x jogging bottoms – £75 1 x winter coat – £250 In total, £460. We even have a saving of £40 from the original budget of £500. You get what you need and even keep some money for other uses because having a budget doesn’t mean that you have to spend it all. A budget means that you must not spend more than you have available to spend. If something is left over simply allocate it to some other use, for later.
In Summary: First budget your expenses, decide what you really need, estimate the prices, spend the money only on the essential things you need, and (important!) do not exhaust your budget for unnecessary things purely because you haven’t used all of the available money.

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logoBetadvisor Club >>Switch to mobile•

Welcome to Betadvisor Club!

Best Free Soccer Predictions, Strategy, Analysis and Stats System

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More content:

Successful football betting tips :

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© 2019 BetadvisorClub VIP.



To Your Success.

logoBetadvisor Club >>Switch to mobile•

Welcome to Betadvisor Club!

Best Free Soccer Predictions, Strategy, Analysis and Stats System

Insights:

Even the term ‘Stake’, at least so long as it is money related, is easily understandable. Whatever level your stake is, there are only two options: you either lose the bet and your stake, or you win the bet, retrieving your stake and adding to it your winnings. However, the term ‘Odds’ is far more difficult for most bettors, especially as odds are connected to market prices, fluctuations, probabilities, expectations, etc.

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What Does Over/Under Mean?
With over/under betting, the first thing to understand is that you are betting in relation to the number of goals scored in the game. It doesn’t matter which team scores the goals or even who wins. You just take the number of goals scored by each of the teams and add them together to get the total goals scored during the game. The simplicity of this bet is what makes it such a common wager. When you place an over/under bet, you have to choose two things: What “goal line” you want to bet, and Whether you bet that the total goals scored in the game will end over or under that goal line. It doesn’t matter how close the result is to the goal line either, the bet pays the same whether the end result is close to the bet’s goal line or far away.

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