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Nic Ladds 29th Oct 2009 - 8:39

Everything you need to know about betting on X Factor

Do you seem to pick who will be evicted from the X Factor every week? Do you think you know who will win the whole competition, or even who the best girl will be? Then why don't you back up your opinion with a bet and make some money just from using your X Factor knowledge?

Ever week William Hill offer a range of X Factor markets for you to bet on and all you to have to have a go is an opinion.

The markets (different things you can bet on) that William Hill offer are: Outright winner of the competition, next elimination, winning manager, best boy performer, best girl performer, best 25 and over performer,  bottom two and more.

Each market is usually offered right up until the live show when it may be taken down to adjust the prices of each contestant depending on what happens during the programme.

Once the live Saturday show is finished, prices will again be offered right up until someone is eliminated on the Sunday show and then once again the markets will be adjusted according to who has been knocked out.

So, you know what market you want to bet in, and who you wish to bet on, so the next step is placing your bet and knowing how much to put on and how much you will win.

Let's say for example that you think Joseph McElderry is going to win the whole of X Factor, you would go in to the "X Factor outright" market, click on his price which is currently 3/1, then enter your stake in box on the right of the screen.

Once you enter your stake the box will tell you underneath how much you can expect to get back, and this figure includes your stake.

To work it out yourself though, using 3/1 as an example, if you put £5 on Josephy McElderry to win X Factor at 3/1, it basically means for every £1 you put on, you get £3 back - therefore with £5 on, 5x3=15, so your winnings are £15 and you also get your £5 stake back, giving you total returns of £20.

If you prefer to view your odds in decimals then you would be backing Joseph McEdlerry at 4.00, so again to work out your return, you just need to be aware that your stake is included in the odds. So £1 at 4.00 would return you £4, that's £3 profit plus your £1 stake, and as before you can see that a £5 stake will return you £20, that's £15 profit and your £5 stake back.

The same applies whichever market you want to bet on and as you can see it couldn't be simpler to get your bet on, whatever or whoever you fancy to do well.

We also have a weekly free to enter competition where you simply have to select who you think will be eliminated and if you are right, you could be selected from all the correct answers to win a £20 free bet which you can spend on any of the X Factor markets.

Don't forget to check out our news site for regular news, previews and betting updates on all the X Factor action.


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