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If you’re considering making just a little money from watching your favorite sports, you could consider making a bet. However, if you really want to be in with a chance of winning you should take some time in understanding sports betting odds.
Firstly, there are a variety of distinct terms that should be considered in almost any understanding of sports betting odds. The ‘stake’ is the amount of cash that you’ll be betting; ‘short odds’ mean that the likelihood of the event occurring is high; ‘odds against’ means that the return for winning is more than twice the amount of the initial bet placed. Remembering these terms shall take you one step closer to understanding sports betting odds.
When displaying the odds of sports events, decimal odds or fractional odds are often used. If you want to understand sports betting odds in which case you will need to understand these systems. Fractional odds will be more popular within the UK, and also are represented in a way that states the total available to the better. One example is odds of 4/1 (four-to-one) mean that, if they win, the better is likely to make $400 on a $100 stake.
A far more common system for displaying sports betting odds will be the decimal system. These odds are worked out by dividing 100 through the chance that an event has of winning. One example is 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 the amount you will win for a 100 stake, or excellent online football casino perhaps a negative means simply how much you will need to bet to win 100. Understanding these methods will take you some way in understanding sports betting odds, leaving you with a more suitable chance of picking the proper sides.
