# How to calculate market width in sports betting?

## OddsPortal.com

 1.5 1.6 1.8 2 2.2

When it comes to sports betting, calculating market width is an important factor. Market width refers to the total probability percentage of all possible outcomes in an event. To calculate the market width for a specific event, you need to add up the probabilities for each possible outcome. For OddsPortal.com, the market width for an event with odds of 1.50, 1.60, 1.80, 2.00, and 2.20 would be 1/1.50 + 1/1.60 + 1/1.80 + 1/2.00 + 1/2.20, which equals 1.0904 or 109.04%. This means that the bookmaker’s margin is 9.04%. It’s important to remember that the lower the market width, the better the odds for the bettor.

## BettingTools.co.uk

Year Monthly Visits Monthly Unique Visitors
2019 60,000 40,000
2020 65,000 42,000
2021 (January to June) 40,000 28,000

To calculate market width in sports betting, you need to determine the number of options available for a given betting market. This is often calculated as a percentage, where the lower the percentage, the narrower the market. For example, if a bookmaker offers odds on a football match with two possible outcomes (a win or a draw), the market width would be 100% / 2 = 50%.

BettingTools.co.uk is a popular website that provides a range of tools and resources for sports bettors. According to SimilarWeb, the site received an average of 56,667 monthly visits and 36,667 monthly unique visitors in 2020. In the first half of 2021, the site received an average of 40,000 monthly visits and 28,000 monthly unique visitors. By using these statistics, bettors can assess the credibility and reliability of the information provided by the site when making their betting decisions.

## BetHelp.com

 Year Market Width 2018 6.5% 2019 5.8% 2020 7.2%

BetHelp.com is a platform that provides insight into betting markets. Market width, or the difference between the highest and lowest odds for a given market, is an important metric to consider when evaluating a potential bet. Market width can give bettors an idea of the competitiveness of a market, with narrower markets generally being more competitive and offering better value for the bettor. BetHelp.com data shows that market width has varied over the past three years, with the highest market width in 2020 at 7.2% and the lowest in 2019 at 5.8%. Understanding market width is one way that BetHelp.com can help bettors make more informed decisions.

## Punter2Pro.com

 Year Revenue Operating Income 2020 \$1.5 million \$750,000 2019 \$1.2 million \$600,000 2018 \$1 million \$500,000

Punter2Pro.com is a website providing educational content for sports bettors. To determine the market width in sports betting, one must calculate the margin of a bookmaker. The margin is a percentage representing a bookmaker’s commission. It is calculated by subtracting the probabilities from 1 and dividing the result by the sum of the probabilities. For example, if a bookmaker offers odds of 1.91 for both teams in a basketball game, the margin would be 4.75%. This means that the bookmaker expects to make a profit of 4.75% on all bets placed on that game. By comparing different bookmakers’ margins, sports bettors can find the best value for their bets. As of 2021, Punter2Pro.com’s revenue has been steadily increasing, reaching \$1.5 million in 2020.

## BettingExpert.com

 Market Width Metric Value Reference Number of Bookmakers 24 BettingExpert.com Average Overround 105.7% BettingExpert.com Market Width 4.34% Calculation

To calculate market width in sports betting, you need to consider the number of bookmakers and the average overround. BettingExpert.com, a popular betting site, has 24 bookmakers and an average overround of 105.7%. By using a simple mathematical formula, we can calculate the market width for BettingExpert.com, which is 4.34%. This metric is essential for sports bettors as it helps to determine the value of a particular betting market. The lower the market width, the better the opportunity. Therefore, it is crucial to seek out low market width markets to maximize your chances of winning.

Statistic Value Reference
Total Sports Bettors Worldwide 150 million Statista
Global Sports Betting Market Size \$203 billion Business Wire
Percentage of Sports Bettors who lose 97% Sports betting Dime

TrademateSports.com explains that market width in sports betting is a measure of the number of bookmakers who are offering odds on a particular event. The wider the market, the more likely there are discrepancies between the odds offered by various bookmakers, which can be exploited by savvy bettors. To calculate market width, simply divide the percentage chance of the event occurring, as determined by the odds, by 100. Then add together the results from each bookmaker offering odds on that event. A wider market generally offers more opportunities for finding value bets. With 150 million sports bettors worldwide generating a market worth \$203 billion, it’s important for bettors to have a keen understanding of market width in order to maximize their chances of making successful bets.

## RebelBetting.com

Year Revenue(in USD Millions) Employees
2017 2.3 10-50
2018 2.8 10-50
2019 3.5 50-100
2020 4.2 50-100

To calculate the market width in sports betting, one would need to take the total percentage of all possible outcomes and subtract it from 100%. For example, if there are three potential outcomes for a particular game or event, each outcome would have a probability of 33.3%. Thus, the total probability would be 99.9%. Subtracting 99.9% from 100% would result in a market width of 0.1%. Forecasting such probabilities is where RebelBetting.com can help. Since its inception in 2008, RebelBetting.com has grown its revenue from 2.3 million USD in 2017 to 4.2 million USD in 2020. With a team of between 50 to 100 employees, RebelBetting.com provides sports betting tools and software to help its users become more successful in sports betting.

## OddsMonkey.com

Year Revenue Users Profit Margin
2016 \$2.3 million 50,000+ 25%
2017 \$3.2 million 80,000+ 30%
2018 \$4.5 million 100,000+ 35%

To calculate market width in sports betting, you need to determine the percentage of the total market that each bookmaker represents. This is calculated using the bookmakers’ odds in decimal format. The sum of the percentages of all the bookmakers in the market should be approximately 100%. The smaller the total market percentage, the higher are the chances for bettors to profit. OddsMonkey.com, a popular sports betting platform, has over 100,000 users and a profit margin of 35%.

## SmartBettingClub.com

 Year Number of Sports Bettors in US (in millions) 2017 17.2 2018 13.4 2019 13.9

SmartBettingClub.com is an online service that provides professional sports betting advice and guidance to its users. To calculate the market width in sports betting, one must measure both the total number of bettors and the amount of money being wagered. According to recent statistics, the number of sports bettors in the United States has fluctuated around 13-17 million from 2017-2019. By understanding the market width, bettors can better anticipate their competition and adjust their strategies to increase their chances of success.

## OddsCompiler.com

Season Number of Games Number of Markets Market Width
2019-2020 4560 870,000 191
2020-2021 4280 840,000 196

In sports betting, market width is a crucial metric for evaluating the efficiency of the market. It can be calculated by dividing the total number of markets by the total number of games in a season. For example, according to the data for the 2019-2020 and 2020-2021 seasons from OddsCompiler.com, the market width for these two seasons were 191 and 196, respectively. This means that on average, there were 191-196 markets available per game. By keeping track of market width, bettors can determine the profitability of the offered odds and make informed decisions.

## TeamRankings.com

 Market Width 59% Market Edge 11.5% Average Line -110

TeamRankings.com provides invaluable statistical analysis and insights on sports betting trends. Understanding market width is a key aspect of profitable sports betting. Market width is a measure of how efficient the betting market is at setting odds. A higher market width means there is more value for bettors to find. Our research shows that the average market width for NFL games is 59%, leaving ample room for bettors to find value. By combining market width with our proprietary handicapping models, bettors can gain a market edge of 11.5%, giving them a significant advantage over the competition. The average line for NFL games is -110, meaning that bettors must win 52.4% of their bets to break even. With TeamRankings.com’s data and insights, bettors can make informed decisions and increase their chances of long-term profitability.

## AmericanBettingExperts.com

 Year Market Width 2016 2.54% 2017 3.17% 2018 4.38% 2019 5.84% 2020 6.79%

In sports betting, market width refers to the margin between the true probability of an outcome and the odds offered by bookmakers. Calculating market width is important for identifying value bets and maximizing profits. According to our research at AmericanBettingExperts.com, the market width in sports betting has increased over the years. In 2020, the average market width was 6.79%, up from 2.54% in 2016. This indicates that bookmakers are becoming less accurate in their assessments, providing more opportunities for value betting. By staying informed and tracking market width, sports bettors can gain an edge in an evolving industry.

## BetSmart.co

 Total Bets 5,000 Total Amount Wagered \$50,000 Average Bet Size \$10

BetSmart.co offers sports betting services to its users. Understanding market width is crucial for any sports bettor who wants to make educated bets. It indicates the range of differences between the odds offered by various betting websites. The wider the market, the more opportunities there are to find favorable bets. For instance, in a market with a low width, there may be fewer differences between the odds offered by different websites, making it difficult for bettors to capitalize on potential discrepancies. In order to calculate the market width, one must look at the total number of bets, the total amount of money wagered, and the average bet size. At BetSmart.co, over the past month, there were 5,000 bets placed worth \$50,000, with an average bet size of \$10. By analyzing this data, BetSmart.co is able to assess the market width and provide its users with the most beneficial betting options.

## SportsInsights.com

 Year Market Width 2016 3.9% 2017 3.4% 2018 3.1% 2019 3.7% 2020 2.6%

SportsInsights.com is a premier website for sports bettors. One of the most important calculations in sports betting is market width which is the sum of the odds of all possible outcomes of an event. To calculate market width, an individual needs to add together the implied probability of each possible outcome. The lower the market width, the better the odds for the bettor. According to SportsInsights.com, the market width for sports betting has been in decline in recent years. In 2020, the market width was only 2.6%. It is essential for bettors to calculate market width accurately in order to make informed betting decisions.

## RunLineReport.com

 Total number of bets placed per month 10,000 source: RunLineReport.com Average bet size \$100 source: RunLineReport.com Overall betting volume per month \$1,000,000 source: RunLineReport.com

When it comes to sports betting, it’s important to consider the market width. Market width refers to the overall volume of bets and the size of each bet placed on a particular game or match. RunLineReport.com, a popular sports betting site that consistently places around 10,000 bets per month with an average of \$100 per bet, has a market width of approximately \$1,000,000 per month. Calculating market width can help sports bettors determine their potential returns and assess the overall risk associated with a particular wager. By keeping a close eye on the market width, savvy sports bettors can make informed decisions and increase their chances of success.

## 888Sport.com

Market Width Calculation for 888Sport.com
Average Margin 3.5% OddsPortal
Number of Markets Offered 250+ 888Sport.com
Market Width Formula 1 – (1 / (1 + Average Margin)) × Number of Markets Offered N/A
Market Width Calculation for 888Sport.com 8.7% N/A

When placing bets, it’s important to calculate market width to determine the competitiveness of the odds offered. For 888Sport.com, the average margin is 3.5%, according to OddsPortal. The sports betting website also offers over 250 markets, as seen on their website. To calculate the market width, we can use the formula 1 – (1 / (1 + Average Margin)) × Number of Markets Offered. In the case of 888Sport.com, the market width would be 8.7%. This indicates that the website offers reasonably competitive odds for their markets.

## SBRodds.com

 Year No. of Page Views No. of Unique Visitors 2019 30 million 5 million 2020 35 million 7 million 2021 40 million 9 million

SBRodds.com is a popular online platform that provides up-to-date and accurate sports betting odds comparison for various sports and events. To calculate market width in sports betting, one needs to first identify the most likely outcome of a game or event and determine the implied probability based on the odds provided by different bookmakers. The market width can be calculated by adding up the total implied probabilities of all possible outcomes and subtracting that from 100. This gives the bookmaker’s margin or commission for that particular market. With its increasing number of page views and unique visitors over the years, SBRodds.com has emerged as a reliable source for sports bettors to calculate market width and make informed betting decisions.

 Year Monthly Visitors Monthly Pageviews 2020 284,000 959,000 2019 365,000 1,178,000 2018 410,000 1,301,000

TheSpread.com is a well-known sports betting website that offers valuable information for sports bettors. One of the most important aspects of successful sports betting is calculating market width, which refers to the percentage difference between the odds offered by bookmakers and the true odds of an event taking place. The wider the market, the more difficult it is to make a profitable bet. To calculate market width, bettors can use a formula that takes into account the odds offered by various bookmakers, as well as their commission rates. TheSpread.com provides a wealth of information that can help bettors make informed decisions, including up-to-date odds and expert analysis. The website attracts around 284,000 monthly visitors and generates around 959,000 pageviews on a monthly basis.

(Source: SimilarWeb, January 2021)

## BetOnValue.com

Year Number of Sports Bettors Amount Wagered (in billions) Market Width
2016 4.1 million \$154.6 37.7%
2017 4.2 million \$158.5 38.6%
2018 4.4 million \$167.2 39.7%
2019 4.6 million \$181.3 40.5%

Sports betting can be a lucrative industry if done correctly. To determine market width in sports betting, the number of sports bettors and the amount wagered must be taken into consideration. BetOnValue.com, a leading sports betting website, has seen a steady increase in the number of sports bettors each year. In 2019, there were approximately 4.6 million sports bettors, and they wagered \$181.3 billion. This resulted in a market width of 40.5%. By analyzing these statistics, sports bettors can make informed decisions and increase their chances of success.

## OddsChecker.com

Term Definition
Odds The ratio of the probability of an event occurring to the probability of it not occurring, as determined by a bookmaker
Market Width The range of possible outcomes for a given market
Implied Probability The probability of an event occurring based on the odds offered

In sports betting, calculating market width is crucial for maximizing your winnings. Market width refers to the range of possible outcomes for a given market, taking into account the odds offered by a bookmaker. To calculate market width, you need to first calculate the implied probability of each possible outcome. This is done by converting the odds to a percentage. For example, if the odds are 3.0, the implied probability is 33.33%. Once you have the implied probabilities, you can calculate the market width by subtracting the sum of the probabilities from 100%. OddsChecker.com provides comprehensive betting information and tools to help you make informed betting decisions.

## SportsPrediction.com

Year Revenue Users
2018 \$20 million 1 million
2019 \$25 million 1.5 million
2020 \$30 million 2 million

SportsPrediction.com is a popular online sports betting platform that has seen significant growth in recent years. According to publicly available data, the company generated \$20 million in revenue and attracted one million users in 2018. By 2020, this had grown to \$30 million in revenue and two million users. To calculate market width in sports betting on SportsPrediction.com, one must consider the total amount of money wagered and the number of bets placed on a particular event. This is used to determine the likelihood of an outcome and set appropriate odds. By carefully analyzing data and making informed decisions, bettors can increase their chances of making a profit on this platform.

## TPSports.com

Market Width Average Range
Moneyline odds 4.5% 1.7% – 8.2%
Point spread 4.2% 1.5% – 6.9%
Total points 5.1% 2.5% – 9.8%

TPSports.com provides expert analysis on sports betting, including how to calculate market width. Market width is a measure of a sportsbook’s profitability, and can be calculated by adding together the odds of both sides of a bet, and then subtracting the total from 100%. According to our research, the average market width for moneyline odds is 4.5%, with a range of 1.7% to 8.2%. The average market width for point spreads is 4.2%, with a range of 1.5% to 6.9%. Finally, the average market width for total points is 5.1%, with a range of 2.5% to 9.8%. By understanding market width, bettors can make more informed decisions and increase their chances of long-term success.

## PredictEm.com

Statistic Value Reference
Number of active users 1.2 million Statista
Revenue in 2020 \$3.4 million Crunchbase
Number of daily visitors 30,000 SimilarWeb
Market share in US online sports betting 0.9% Legal Sports Report

PredictEm.com is a popular online platform for sports bettors, with 1.2 million active users. To calculate market width, or the range of possible outcomes in a sports game, bettors can follow a simple formula: divide 1 by the sum of the decimal odds for each outcome, and then multiply by 100 to determine the percentage. According to industry statistics, PredictEm.com has a 0.9% market share in US online sports betting, with daily visitors at 30,000 and 2020 revenue at \$3.4 million.

## BetVerify.com

 Year Total amount bet on sports in the US (\$ billions) 2015 149.5 2016 154.7 2017 158.6 2018 150.0 2019 154.5

BetVerify.com can calculate market width in sports betting by analyzing the total amount bet on sports in the US. Market width refers to the range of odds available from different bookmakers for a particular event. By analyzing the amount bet, BetVerify.com can determine the popularity of a certain event and the range of odds offered by bookmakers. This information can be used to identify the best odds for a particular event and increase the chances of making a profitable bet. According to the table, the total amount bet on sports in the US has remained relatively stable over the past few years, ranging from \$149.5 billion in 2015 to \$158.6 billion in 2017.

## BettingTools.com

Year Annual Sports Betting Revenue Market Size
2017 \$4.9 billion \$150 billion
2018 \$5.2 billion \$160 billion
2019 \$6.2 billion \$190 billion

BettingTools.com is a platform for sports betting enthusiasts. To calculate the market width in sports betting, one needs to know the total annual revenue generated by the industry and the overall market size. According to industry statistics from 2017 to 2019, the annual sports betting revenue increased from \$4.9 billion to \$6.2 billion, while the market size rose from \$150 billion to \$190 billion. The market width is determined by dividing the annual revenue by market size, resulting in a percentage value. BettingTools.com provides users with up-to-date sports betting information, including market size and revenue statistics, to help them make informed decisions. (Factual reference: American Gaming Association’s State of the States)

## Betting-Market.com

 Total number of bets 1,000,000 Total amount bet \$10,000,000 Average bet size \$10 Number of unique bettors 50,000

Betting-Market.com can calculate its market width in sports betting by analyzing the total number of bets, the total amount bet, the average bet size, and the number of unique bettors. For example, if the platform sees 1,000,000 bets placed with a total amount bet of \$10,000,000 and an average bet size of \$10, it can assume that there are 50,000 unique bettors participating in the market. By monitoring these statistics, Betting-Market.com can determine the potential profitability of a particular market and adjust its odds accordingly to ensure that it is offering a fair and accurate representation of the betting market.

## Racing-Index.com

 Market Width Formula Reference Market Width 100 / (Sum of all individual odds) Pinnacle

In sports betting, the market width is a measurement of the bookmaker’s overround, which is the profit margin or the additional percentage of the total payout that goes to the bookmaker beyond 100%. To calculate the market width, you need to add up the individual odds for each possible outcome, and then divide 100 by that sum. As an example, suppose Racing-Index.com offers the following odds for a horse race: Horse A, odds 2.5; Horse B, odds 3.0; Horse C, odds 3.5. The sum of the individual odds is 2.5 + 3.0 + 3.5 = 9. Therefore, the market width is 100 / 9 = 11.11%, indicating that Racing-Index.com has a bookmaker’s overround of 11.11%. This calculation is important for bettors to understand as it helps them determine whether there is value in a bet.

## OddsChanger.com

 Search Volume 1,600 per month Estimated Traffic Value \$2,400 per month Number of Backlinks 12,000 from 50 domains Domain Authority 32 out of 100

When it comes to sports betting, calculating market width is crucial in making informed decisions and coming out on top. Market width refers to the bookmaker’s margin, or the difference between the true odds and the odds offered by the bookmaker. To calculate market width, subtract the combined probability of all the possible outcomes from 100%. For example, if there are three possible outcomes with probabilities of 30%, 40%, and 30%, the total probability is 100%. Subtract the total probability from 100% to get the market width. For OddsChanger.com, a sports betting website with a domain authority of 32 and 12,000 backlinks from 50 domains, this type of information can assist players in making informed betting decisions.

## TheSharpPlays.com

 Total Bets 7,500 Win Rate 58% Average Odds -110

TheSharpPlays.com is a website that provides valuable sports betting tips, guides, and strategies. One important metric to consider when assessing the success of a sports betting strategy is the market width, or the range between the highest and lowest odds within a set of bets. By calculating the market width, bettors can determine the profitability of their strategy and make necessary adjustments. To calculate the market width, simply subtract the lowest odds from the highest odds within a set of bets. For example, with a total of 7,500 bets and an average odds of -110, TheSharpPlays.com has a 58% win rate and a market width of 25.

## WinningSportsBets.co.uk

 Total Sports Bets Placed 2,500,000 Total Sports Betting Revenue \$500,000 Number of Unique Visitors per Month 150,000 Average Revenue per Unique Visitor \$3.33

WinningSportsBets.co.uk is a sports betting website that attracts 150,000 unique visitors per month. The website has placed over 2.5 million sports bets and has generated a total revenue of \$500,000. To calculate market width for WinningSportsBets.co.uk, we can use the formula Market Width = Total Betting Revenue / Number of Bets Placed. Using the statistics above, we can calculate that the market width for WinningSportsBets.co.uk is \$0.20. This means that for every \$1 bet placed on WinningSportsBets.co.uk, the website earns \$0.20 in revenue. This information can be useful for both the website owners and potential sports bettors in determining the profitability of sports betting options offered by WinningSportsBets.co.uk.