Everything you need to know before betting at all — a complete guide from odds to bankroll
Betting is not purely a game of luck — understanding odds, managing a budget, and avoiding common mistakes make it a considered form of entertainment. all's guide gives you practical examples and straightforward advice.
Core betting concepts
Betting means placing a set amount of money on a predicted outcome. If your prediction is correct, you receive a reward based on the agreed odds; if not, you lose the staked amount. Simple as it sounds, every bet is backed by a numerical structure known as odds.
Odds essentially give you two pieces of information — first, how likely the operator considers a particular event to be; second, how much you will get back if you win. Without understanding these two things clearly, betting is nothing more than guesswork.
At all, betting is seen purely as a form of entertainment. Following responsible gaming practices and staying within a budget you can afford is the right approach.
Understanding the three odds formats
Odds appear in three different formats across betting sites — decimal, fractional, and American (moneyline). The numbers look different, but all three carry the same information. The example below makes this clear.
The same price in all three formats: decimal 2.25 = fractional 5/4 = American +125
If you win, you get back ৳2,250 (৳1,250 profit + ৳1,000 original stake).
If you lose, ৳1,000 is gone.
Same price: decimal 1.80 = fractional 4/5 = American -125
American minus odds mean how much you need to stake to make ৳100 profit — here, ৳125.
On a ৳1,000 stake, you get back ৳1,800 (৳800 profit).
| Format | Team A (underdog) | Team B (favourite) | How to read |
|---|---|---|---|
| Decimal | 2.25 | 1.80 | Stake × this number = total return |
| Fractional | 5/4 | 4/5 | Numerator ÷ denominator × stake = profit |
| American | +125 | -125 | Plus = profit on ৳100 stake; minus = stake needed to make ৳100 profit |
The numbers above are illustrative examples only — they are not live odds or a guarantee of winnings.
Practical betting advice
A few simple habits help you enjoy betting as entertainment. The advice below, drawn from all's experience, applies to both new and experienced bettors.
Compare odds
Odds for the same match can vary across different markets. Compare your options before placing a bet.
Bet on what you know
Know cricket well? Stick to cricket markets. It is better not to guess on sports you are unfamiliar with.
Understand market types
Match winner, handicap, over/under — each market has its own rules. Start with the simpler ones.
Take a break when emotions run high
The urge to place a big bet suddenly during a match is risky. Make decisions with a clear head.
Keep records
Noting down how much you win or lose in each market gives you a clear picture of your own patterns.
Set a daily limit
Decide in advance how much you will bet each day. When you reach the limit, stop betting for the day.
For those who want to do cricket betting, it is worth learning separately about BPL and T20 match markets — cricket markets are generally organised into familiar categories such as match winner, top batter, and total runs.
Multi bet — a real example
A multi bet (accumulator) means adding multiple selections to a single bet slip. You only receive the full reward if every selection wins — if even one loses, the entire stake is gone. That is why the potential return is higher but so is the risk.
Three selections: decimal odds of 1.60, 1.70, and 1.90
Combined odds: 1.60 × 1.70 × 1.90 = 5.17 (approximately)
If all three win on a ৳100 stake, you get back: ৳517
If any one loses, the full ৳100 is gone.
The more selections you add to a multi bet, the higher the combined odds — but the chance of winning all of them together also decreases. For beginners, starting with two or three selections is easier.
Bankroll management
Bankroll refers to the total amount of money set aside for betting. Managing it means planning how much you will stake and when. These habits help you enjoy betting responsibly:
Keep a separate budget. Set aside a specific amount for betting — never take from money you need for essential expenses.
Stake in small portions. Generally, keeping each bet to 2–5% of your total bankroll lets you play for longer.
Do not chase losses with bigger bets. Trying to recover losses with larger stakes often leads to losing even more.
Respect your limit even on winning days. Going beyond your bankroll is not a good idea, even when things are going well.
Review weekly. Going over your total profit and loss at the end of the week builds awareness of your own habits.
Know when it stops being fun. Betting is fine while it is enjoyable — if you feel stressed, taking a break is the right call.
Joining the all VIP programme at all gives you weekly cashback benefits — across three tiers from Bronze to Gold, you can receive up to 1.5% cashback on net losses.
Common mistakes
Betting without understanding odds
Many people bet simply thinking 'bigger number means more money'. In reality, higher odds mean the outcome is considered less likely. Without understanding what odds mean, you cannot properly assess the value of a bet.
Placing too many bets at once
Placing many bets on the same day reduces the attention you give to each one, and the total losses can go beyond what you can control.
Bias towards your favourite team
When betting on a team you support, emotion influences your judgement. The analysis of the result is then no longer objective.
Chasing losses
Placing larger bets after a loss to try to recover — this 'chasing losses' tendency can deplete your bankroll very quickly.
Using bonuses without reading the terms
Using a bonus without knowing its wagering conditions leads to unmet expectations. Reading all's terms and conditions helps you avoid this confusion.
Start betting at all
You can get started at all with a minimum deposit of ৳500. bKash, Nagad, Rocket, and Upay are available for deposits and withdrawals. The minimum withdrawal is ৳800, and processing generally completes within 30 minutes to 3 hours. Your first deposit comes with a 100% bonus up to ৳20,000 — the bonus amount must be wagered 10 times. 24/7 live chat and email support in Bengali and English is always available.
all Login — Go to your account now