If you are excited about making a little money from watching your favorite sports, you might consider making a bet. However, if you really want to be in with a possibility of winning you should take some time in understanding sports betting odds.
Firstly, there are numerous of different terms that should be considered in any knowledge of sports betting odds. The ‘stake’ will be the total amount that you’ll be betting; ‘short odds’ mean that the likelihood of the event occurring is high; ‘odds against’ implies that the return for winning is more than twice the total amount of the initial bet placed. Remembering these terms will take you one step closer to understanding sports betting odds.
When displaying the odds of sporting events, decimal odds or fractional odds tend to be used. If you want to understand sports betting odds in which case you will need to understand these systems. Fractional odds tend to be more popular in the UK, and are represented in a way that states the total available to the greater. By way of example, odds of 4/1 (four-to-one) mean that, should they win, the greater is likely to make $400 on a $100 stake.
A more common system for displaying sports betting odds will be the decimal system. These odds are worked out by dividing 100 by the chance that an event has of winning. For instance, good online gambling an event with a 20% chance would work out at 100 divided by 20, which is 5. In the US odds tend to be provided differently again, as a positive or negative number where a number next to a positive states just how much you will win for a 100 stake, or perhaps a negative means simply how much you need to bet to win 100. Understanding these methods shall take you some way in understanding sports betting odds, leaving you with a more suitable chance of picking the correct sides.