TOP BOOKIES WITH HIGH ODDS
Looking for bookies that offer high odds? Tired of loosing money on betting sites that have a huge margin on your favorite sports? We’ve got you covered! Our team of experienced punters have tested all websites available for Irish bettors and we put together a list of the best bookies offering high odds. Keep reading to learn more about odds, payout, margins and more!
Top Bookies with High Odds
ADVANTAGES
- Overall payout: 95.8%
- UKGC Licence + 10 other licences
- Trusted by millions around the world
- Best Cash Out function
- Fantastic live streaming service
ADVANTAGES
- Overall payout: 94.3%
- Minimum deposit: 1€
- One of the best bonuses on the Irish market
- 1.000+ live events available monthly
- Daily promotions and contests
ADVANTAGES
- Overall payout: 94.24%
- 50+ live basketball markets
- High winning limits
- Great casino & live casinos ections
- Same company that owns Playamo Casino
ADVANTAGES
- Overall payout: 94.8%
- Customer service available 24/7
- Fantastic Odds on Football
- Accepts Crypto currency deposits/withdrawals
- Great for promotions & competitions
ADVANTAGES
- Overall payout: 94.00%
- UKGC Licence + 14 other licences
- One of the most prestigious bookies in the world
- Unibet TV free live sports broadcasts
- Fast withdrawals
ADVANTAGES
- Overall payout: 94.00%
- Great bookie for beginners
- Best VIP program for High Rollers
- Amazing casino & live casino section
- Fast withdrawals
What are betting odds?
Suppose you want to bet on a football match and you back the home team to win. Now, the 2 teams do not always start with equal chances, and usually a team will have more chances than the opponent to win the match. These chances will be reflected by “odds”.
Each possible result has certain odds, so that betting agencies can offer customers fair outcomes, directly proportional to the real chances of winning. Odds are also used to balance the amount of money placed on all possible outcomes, so that bookmakers do not lose money, regardless of the final result of the match.
Let’s take an example. Suppose we want to bet on a match between team A and team B, but team A has a better chance of winning. They have the advantage of playing at home, they are higher in the standings, they usually get better results than their opponent, they have more valuable players etc. Under the given conditions, many bettors choose to bet on team A. The bookies anticipate that approximately 75% of the money wagered will go into bets on team A, 15% on a draw and only 10% on the victory of team B.
Therefore, those who bet on the victory of team A will make a profit equivalent to a maximum of one third of the money wagered if their bet is a winner. Thus, if someone bets €150 on Team A, the potential win will not be more than €200 (so a maximum profit of €50), although, to be fair, it will often not even be that much.
Why are odds important?
Odds are very important. They dictate how much we are going to earn, and although a difference of +/- 0.05 or 0.10 does not seem like a big difference at first glance, it can matter a lot in the long run. How much? It depends, but it can even make the difference between being profitable and losing money. The more bets we place and the higher our stakes are, the more the odds count, even if we don’t realize it on the spot.
For example, if your stake is 100€, on a betting slip of 10 matches and an odd of 2.00, your potential win is 200€. If you bet that accumulator with a bookie that offers the same matches for a total odd of 1.90, you’ll end up losing 10%.
What is the payout percentage?
The payout is the percentage of the total bet amount returned to bettors.
Bookmakers will never offer a payout of 100%. Instead, they will keep some of the total stake (usually 5% -10%). Therefore, a bet with two possible results and 50% -50% chances of winning will never have odds of 2.00 / 2.00. If the odds are 1.88 /1.88, it means that the bookie has a payout of 94%.
Pe-match odds are offered based on betting trends and not so much on the actual odds of winning. That is why the so-called “value bets” appear, which we will talk a bit about in the following.
Value bets
Odds don’t always reflect the real chances of winning, but are rather greatly influenced by the way people bet. It’s not important if the bookie analyzes an event and concludes that two teams have equal chances to win the match, if 60% of the bettors’ money go towards the victory of the away team. In this case, the odds will change according to betting trends, so bookies can pay the same amounts of money regardless of the outcome of the bet, and make a profit in any situation. This is how value bets appear.
A value bet is a bet where the odds offered are greater than the mathematical probability of a bet being a winner.
When tossing a coin there can only be two outcomes; heads or tails. We know that the chances of the coin to land on either heads or tails are 50% each. This equals to an odds of 2.00 for either outcome.
To calculate odds we use this formula: Odds = 1/probability in decimals. In this case, this is 1/0.5= 2.00
Now imagine you were offered odds of 2.10 on Heads and odds of 2.00 on Tails from two different bookmakers. What would you bet on?
Since the actual probability of the two outcomes is the same you should, of course, bet on the higher odds.
The odd of 2.10 is higher than what the underlying probability suggests, creating a value bet. The bigger the difference, the more profitable the value bet will be.
How to find value bets?
Finding value when sports betting is not as easy as detecting value in a coin toss. In sports, we cannot know the exact probability for a given match.
However, some bookmakers have proven that they are extremely good at determining odds that reflects the actual probability of an outcome. These are often referred to as “sharp” bookmakers, or “sharps”. Some sharps are better than others on certain sports as well. By evaluating these sharp bookmaker’s odds, taking betting bias and market efficiency into account, our servers can determine the “true odds” for any given match. This means that we also know when other bookmakers odds are off and where a positive expected value occurs. To make it easier for you, here’s a list of bookies where you can find value bets. Click on the name of the bookie to open their website!
Betting sites with high odds: our conclusion!
Not all bookies offer equally good odds; some have a higher payout, while others prefer to maintain a profit margin (which means lower odds for their customers). It is important to know that it is not good to judge a bookmaker based on the odds offered on a single match/event. A betting site may have higher odds on a certain sport, on a certain type of bet (i.e over/under goals), or on a certain type of game (games from important competitions, second league matches etc.)
That is why there is no such thing as a bookie that constantly offers better odds than their competition.
That’s why we recommend the following option: don’t limit yourself by only betting with one bookie, Instead, open an account with at least 3. Place each bet where the odds are the best, because you will see that in the long run this really helps you win more, no matter how small the differences seem at first glance.
Also, don’t only look at odds. It might be the case that a certain bookie offeres lower odds, but a higher sign up bonus and constantly good promotions, which makes it worth opening an account there. With these things in mind, below you can see a list of the top bookmakers that BestBettingBonuses recommends, based on 6 different criteria:
Popularity
The most popular betting sites for our readers (based on votes form you)!
In Play
TOP bookies by the quality of their live betting/in play betting platform!
Betting App
The best betting apps for both iOS & Android provided by bookies in Ireland!
BETTING GUIDES
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