Parimatch Odds: How They Work & How to Read Them

Facts

An introduction to Parimatch sportsbook

Before we get into the finer details of Parimatch odds, we want to briefly introduce this sportsbook and its features if you are new here. Parimatch offers sports betting in a range of different locations, and the banners on this page show the welcome bonus available to you based on your region.

For example, the UK has a welcome bonus where you can get £20 in bonus bets when you make an initial £10 deposit and place a qualifying bet.

Terms & Conditions:

18+, New customers only. Opt in, deposit & bet £10 on any sports (odds 2.00+) in 7 days. No cash out. Get 4x£5 sports free bets for set markets (odds 2.00+), which expire in 7 days. T&Cs Apply. GambleAware.org | Please gamble responsibly.

In terms of sports, Parimatch offers 25+, including football, basketball, tennis, golf, boxing, MMA, baseball, American Football, and rugby.

Casino players can get 50 free spins for every £5 they wager – up to 200 free spins.

Terms & Conditions:

18+ New customers only. Opt in, deposit & wager at least £5 on selected games within 7 days of registration. Get 50 free spins for every £5 you wager, up to a maximum of 200 free spins. There may be some restrictions on which games the free spins can be used on, wagering requirements and a maximum withdrawal limit. T&Cs Apply. GambleAware.org | Please gamble responsibly

It also has a downloadable mobile app for both Android and iOS devices, plus pre-match and in-play betting depending on which you prefer. You can live stream some events too on the site or app, provided you are logged in to your Parimatch account.

These bonuses were both examples for UK players. There is a global offer available for players who are in regions where the site operates. These are as follows:

• Sports betting bonus:  50% bet insurance up to $200. If your bet loses, part of the bet may be returned as a bonus, with no wager requirement.
• Casino bonus: 10% deposit bonus up to $100 with no wager requirement.

Check the banners on this page to see all the current offers available for your location.

Pros and cons of Parimatch

Everything you need to know about Parimatch odds

Just like Betfair odds, the Parimatch odds are the cornerstone of the site. Below, we explain how the odds work, how you can view them, and how you can change the format to suit your preference.

What are Parimatch odds?

Parimatch betting odds are provided for each betting market offered. They are a numerical representation of the expected outcome of that event, and from the odds you can determine the implied probability.

For example, while writing this guide, there was a FIFA World Cup qualifying match between Wales and Belgium. Wales had odds of 4.6 to win, while Belgium had 1.727. This shows that Parimatch has Belgium as the favorite. In terms of implied probability, we can use the following formula:

(1/Decimal Odds)*100

So, the implied probability for each team winning is as follows:

• Wales: (1/4.5)*100 = 22.22%
• Belgium: (1/1.727)*100 = 57.90%

The other percentage is the match being a draw. Remember that the odds reflect the result that Parimatch thinks will happen, based on its research and stats. You can simply use the Parimatch odds to gauge the most likely outcome. When you place a bet at Parimatch, you are accepting the odds they provide for a specific event, such as Belgium beating Wales, which forms the basis of your bet and potential payout.

How to read Parimatch odds

We know that sportsbooks like Parimatch can seem daunting at first, as they are usually packed with numbers and options. A simple thing you need to remember when trying to read Parimatch odds is that the odds are always shown next to the relevant betting market they apply to.

It’s also important to understand how the different odds formats at Parimatch work:

• Decimal: A larger number further away from 1 has less chance of winning.
• Fractional: Fractions that are further away from 1 have less chance of winning.
• American: negative numbers (e.g. -150), have a higher probability of winning than positive numbers, (e.g. +150).

Now, the Parimatch odds are what the brand thinks will happen based on its stats, research, and sports data, which are what it uses to set its odds. Parimatch odds are essentially an implied probability, not a guarantee of an outcome.

How to change the Parimatch odds format

Whether you’re using the Parimatch app or desktop site, you can change the format of the odds. This is because odds can be displayed in different ways, with some formats being more popular in different locations. For instance, UK sites generally show odds in the fractional format first, whereas many European sites use decimal odds. Alternatively, sportsbooks in the US typically use the American +/- format. To change your odds format at Parimatch, you can do the following:

1. Click the settings link in the side menu.

2. Click the drop down list next to “Odds Display”.

3. Select your preferred option from the list.

4. Click “Save Preferences”.

There are five formats to choose from:

We prefer decimal odds as we think these are the easiest to understand – the higher the number above 1, the less probability there is of the event occurring. For instance, at the time of creating this guide, there was a World Cup qualifier for German vs. Northern Ireland. Northern Ireland had odds of 9.5, whereas Germany had odds of 1.30. This means that Germany is the clear favourite by some margin.

Bet on the go with the Parimatch mobile app

Experience the thrill of live sports betting at Parimatch

Signing up to Parimatch

You can check out our complete Parimatch review if you want to learn more about this site and what it offers – the guide includes info on its sports, betting markets, usability, and more. However, for a quick start, to sign up to this online sportsbook and start viewing the Parimatch odds, you can follow these steps:

1. Use one of our Parimatch links to open the site.

2. Click the sign up button at the top.

3. Enter the required personal details.

4. Verify your mobile number if needed.

5. Verify your email if needed.

6. Finish the registration.

7. Log in to your new account.

The account registration process should only take a few minutes, but just bear in mind that the verification may be different depending on your location and where you are accessing the site from. You can look at the banners featured on this page to see exact details of the Parimatch welcome bonus for your region.

Parimatch odds are competitive compared with other top sites

We hope you’ve found this guide on Parimatch odds useful and now have a clear idea of how they work and the different formats you can use. Remember that you can change the odds to decimal, fractional, American, Indonesian, or Hong Kong, based on your preferences.

Also, a key point is that your potential return in most instances is equal to your initial stake, multiplied by the odds. If you want to give this sportsbook a try, you can use any of the banners or links we have featured here to get signed up.

Parimatch betting odds FAQs

1. 📖 How do you read Parimatch odds?

   This depends on which format you view the odds in. The main thing to remember is that the odds are typically shown next to the betting option that they apply to. In most instances, the higher the odds, the less chance there is that the event will occur.

2. 💡 How do Parimatch odds work?

   The odds at Parimatch relate to the predicted outcome of the bet that you are making. Generally speaking, the higher the number or fraction, the lower the probability of the outcome happening. Odds also directly relate to your potential payout.

3. 🧐 Are Parimatch odds fair?

   Yes. We’ve compared the odds here with other parimatch sister sites and found them to be in line with the market average. You will always get a slight variance, but this can be both below and above what other brands are offering.

4. 🔧 Can you change the Parimatch odds format?

   Yes. If you want to view the Parimatch odds in a different format, click on the settings link in the left-hand menu. You can then select the different formats such as decimal, fractional, American, or Hong Kong from the list. After that, click save preferences to update the site.