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What Are Blackjack Side Bets?Side bets are bonus bets placed on a round of Blackjack on outcomes beyond whether the player or dealer will win. The majority are staked at the start of the round before the cards have been dealt alongside regular bets and many have fixed odds that usually offer greater payouts than the simple 2:1 rewarded for beating the dealer.Play Blackjack at Pinnacle Casino

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Side bets provide an exciting way to make Blackjack games more interesting whilst offering you a greater number of ways to win. So what are side bets, what side bets are available and are they worth it? Read on to find out.

Blackjack Side Bets Explained

Finding a niche market in betting can often lead to value. This can be anything from specialist knowledge of handball betting to extensive experience in betting on Japanese baseball. Providing you know more than the bookmaker, there is money to be made.  &lt;Bet on soccer at Pinnacle&gt; They also make for interesting and potentially profitable bets, as they can be a little more reliable

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A corner is one of the most inexplicably exciting events in soccer. Only around three per cent of them lead to a goal, but you can guarantee that the attacking team’s fans will roar their approval and encouragement if their team are awarded one. Read on to find out how you can benefit from betting on corners.

Corners betting in soccer: Value in a lesser-known market

Poisson Distribution is a mathematical concept for translating mean averages into a probability for variable outcomes across a distribution. For example, if we know Manchester City average 1.7 goals per game, so by putting the Poisson Distribution formula tells us that this average equates to Manchester City&nbsp;scoring 0 goals 18.3% of the time, 1 goal 31% of the time, 2 goals 26.4% of the time and 3 goals 15% of the time.

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Poisson Distribution: Predict the score in soccer betting

What is Expected Value?The amount a player can expect to win or lose if they were to place a bet on the same odds many times over, calculated through a simple equation multiplying your probability of winning with the amount you could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet.A simple example of Expected Value (EV) put into practice -&nbsp;if you were

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The Expected Value of a bet shows us how much we can expect to win (on average) per bet, and as such is the most valuable calculation a bettor can make when comparing bookmakers' odds. How can you calculate Expected Value in sports betting in order to predict your winnings? Read on to find out.

How to Calculate Expected Value

<p>We have a team of editors and writers at Pinnacle, as well as a collection of external contributors, ranging from university lecturers and renowned authors, to ex-traders and esteemed sports experts. Collectively, the Pinnacle team and external contributors produce the educational content within Betting Resources.</p>


<div class="definition"><h2 class="definition-image">What is Expected Value?</h2><p>The amount a player can expect to win or lose if they were to place a bet on the same odds many times over, calculated through a simple equation multiplying your probability of winning with the amount you could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet.</p></div><p>A simple example of Expected Value (EV) put into practice -&nbsp;if you were to bet $10 on heads in a coin toss, and you were to receive $11 every time you got it right, the EV would be 0.5.</p><p>This means that if you were to make the same bet on heads over and over again, you can expect to win an average of $0.50 for each bet of $10.</p><div data-entity-type="block_content" data-entity-uuid="234fb468-3f65-432c-83db-8972c4e83263" data-embed-button="embeddable_cta_block" data-entity-embed-display="view_mode:block_content.full" data-langcode="en" data-entity-embed-display-settings="[]" class="embedded-entity">
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"></div></div><h2>How to Calculate Expected Value</h2><p>The formula for calculating Expected Value is relatively easy – simply multiply your probability of winning with the amount you could win per bet, and subtract the probability of losing multiplied by the amount lost per bet:</p><div class="equation"><p><strong>(Probability of Winning) x (Amount Won per Bet) – (Probability of Losing) x (Amount Lost per Bet)</strong></p></div><p>To calculate the expected value for sports betting, you can fill in the above formula with decimals odds with a few calculations:</p><ol><li>Find the decimal odds for each outcome (win, lose, draw)</li><li>Calculate the potential winnings for each outcome by multiplying your stake by the decimal, and then subtract the stake.</li><li>Divide 1 by the odds of an outcome to calculate the probability of that outcome</li><li>Substitute this information into the above formula.</li></ol><p>&nbsp;</p><p>For example, when Manchester United (1.263) play Wigan (13.500), with a draw at 6.500, a bet of $10 on Wigan to win would provide potential winnings of $125, with the probability of that happening at 0.074 or 7.4%.</p><p>The probability of this outcome not occurring is the sum of Man Utd and a draw, or 0.792 + 0.154 = 0.946. The amount lost per bet is the initial wager – $10. Therefore the complete formula looks like:</p><div class="equation"><p><strong>(0.074 x $125) – (0.946 x $10) = -$0.20</strong></p></div><p>The EV is negative for this bet, suggesting that you will lose an average of $0.20 for every $10 staked.</p><h2>How Does Expected Value for Sports Betting Help?</h2><p>Remember, a negative EV doesn’t mean you’re going to lose money. Unlike a coin toss, sports betting odds are subjective, and therefore if you outsmart the bookmaker, you’re likely to make money.</p><p>If you calculate your own probability for a match that differs from the implied probability of the odds, you could see where to find a positive EV, and therefore the best chance to win.</p><p>For example, the odds imply that Wigan only have a 7.4% chance of winning. If you calculate (maybe using a system like <a href="https://www.pinnacle.com/en/betting-articles/soccer/how-to-calculate-poisson-distribution" target="_blank">Poisson distribution</a>) that Wigan has a 10% chance of winning, the EV for betting on a Wigan win jumps to $3.262.</p><p>It’s also a perfect measure for comparing odds in arbitrage betting, which is discussed in our article&nbsp;<a href="[[url:Articles~Detail|Sport=betting-strategy|ArticleKey=what-is-arbitrage-betting]]" title="here">What is arbitrage betting</a>.</p><p>Calculating the EV of bets gives bettors more information about the value of their bookmaker. While low-margin bookmakers like Pinnacle have EVs of around -$0.20, it’s not uncommon for typical bookmakers to have an EV of -$1.00 – for every $10 stake you would be likely to lose a $1 .</p><h2>How Bookmakers Make Money Video Explainer</h2><p>Found this article useful? Why not check out our video that details how to find value.</p><p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="allowfullscreen" frameborder="0" height="315" src="https://www.youtube.com/embed/bX01ZkFU_ac" width="100%"></iframe></p><p>If you want to watch more educational betting videos, <a href="https://www.youtube.com/@pinnaclesports">subscribe to the Pinnacle YouTube channel!</a></p>