How prices are calculated when one places a bet

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In every football match, there is always a price that a bookmaker has set, and this is called the odds. For example, a statement might come that bookmakers have set the odds for team ABC to win the football league at 4/3. This 4/3 is basically the money tag on team ABC to win the league title. This can be explained further by considering two teams ABC and XYZ. A bookmaker can set the odds or price for this match to be at 1.2. What this means is that whatever a world cup football agent or a punter will bet, this will be multiplied by the number 1.2.

Now, the world cup football agent can predict that team ABC will beat team XYZ. The odds for team ABC are 1.2 while the odds for team XYZ are 13.2. If, therefore, at the end of the match team ABC wins, this means that this number (1.2) will be multiplied with whatever the agent bet with. For example, if the agent placed $100 for team ABC to win, the agent will get $120 in return meaning that the agent has gained $20 from betting on the correct outcome of the match.
But one thing that the world cup football agent or a punter should note is that in case the return of the bet is too small as in the example above, the punter can only increase his potential return by accumulating. This is done by combining several matches and taking the odds for each match. For example, the teams playing for this weekend are ABC, EFG and JKL, and that their odds are 1.2, 1.4 and 1.5 respectively. This, therefore, means that a punter’s return will actually be 1.2 multiplied by 1.4 multiplied by 1.5 giving 2.52. If the punter places $100, his return will be $252 giving him a profit of $152.

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