Sports has taken the world by storm. Everywhere you go, you know that you will be able to find people playing their favorite sport – tennis, football, basketball to name a few. Betting on sports is almost as old as the sports themselves and to become a successful sports bettor you will need to know the latest and the best sports betting odds. Individuals who would like to try their luck in winning can do this no matter where they are. Many websites now allow mobile bets, which is a good thing for people who do not have time to sit down and bet over the Internet using a computer.
People who decide to begin sports betting should understand the stakes. Short odds means that the event occurring is set at relatively high odds. Odds against is when the money returned for winning is two times the first bet placed. If you remember these terms by heart, you will have an easier time understanding this kind of betting.
At first, you may seem confused, however, you will be able to do this in time without any hassle. Patience is a virtue and you need to have it when betting on sports. To make things much easier you should definitely make sure to find the top betting sites to place your wagers.
Online Sportsbooks show odds is several formats including decimal odds and fractional odds. You have to know how each of these work if you want to understand sports betting odds. Fractional odds is very popular in the United Kingdom because the bettor knows how much is available and what the stakes are, which has become a way of life for them. For every bettor things begin to change when you start experiencing winning. When you become good at online betting you can expect to start betting more often as your confidence grows. There is nothing wrong with this but remember you can win big with smaller wagers, which come with a smaller risk of losing big money.
Fractional Odds in Sports Betting
Fractional Odds are used predominately in the UK and Europe. This system is a little more complicated when it comes to calculating your possible win. Fractional Odds will be displayed in fractions like 3/1, 5/3, 4/5 or 5/2.
- To calculate your possible winnings you would look at the numerator or first number as the amount you would win for every multiple of the denominator or second number wagered.
- If you are looking at odds of 3/1 you would win $3 for every $1 you wager.
Decimal Odds in Sports Betting work as follows
In the United States, they usually use a negative or positive number. For the positive, it is how much you will be able to make for winning a 0 bet. As for the negative, it will tell you how much you need to bet to win 0.
Team A: -150
Team B: +150
- The favorite team here is Team A. In this case for every $1.50 you wager you would win $1.00. So if you were to place a $150 bet and win you would receive $250, or a $100 profit. If Team A were to lose you will be out $150.
- Team B is the underdog here. In this case for every $1.00 you would win $1.50. So if you were to place a bet for $100 and win you would receive $250, or a $150 profit. If Team B were to lose you would be out $100.
From the example above you can see that it’s definitely profitable to bet on the underdog and many great Sports betting enthusiasts scour the Sports world for great underdogs to bet on.
Once you get the hang of this, everything will be easy enough to understand. Time will tell if you are knowledgeable enough in this activity but never fear, many sports-books allow you to convert odds into the format you are most comfortable with, so learn one system well and learn everything that you can to become a successful punter.
Sports betting odds have always been the focus of attention for sports bettors. They need this information to know how to profit from their wagers. However, bettors should understand that in gambling, you cannot win all the time. More often than not, you may find yourself on the losing end. But, a win will be able to give you that boost that you have been waiting for. With all these things in mind, surely, you will be able to do your betting smartly.
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