For you to be able to understand sports betting at sbobet88, you have to understand the odds. For any sports wager, they are a very important part, used to determine whether it is worth making a wager or not. The potential wager payout is normally calculated using a combination of your stakes and the relevant odds.
What are the odds?
In terms of sports betting, odds do serve two main purposes. They are, first of all, utilized in calculating the payouts of the wagers that are winning. Whenever you place a bet with a certain bookmaker, you will be given odds as per that time, which then affect the amount you are going to win. If they are high, then you stand to win more on your stake.
The odds also tend to reflect the possible outcome of a particular game. The lower the odds, the more likely it is going to be the outcome. With that, it will be best to bet on a product that is more likely even it is giving you less than bet on one that is high and unlikely and lose in the process.
Think of a tennis match where a number one ranked player in the world is playing against one ranked 200th. Without reasonable doubt, the best player is likely going to win the game as compared to the opponent. The bookmaker will put the odds of the world-class player at a very low and the one who is ranked 200th at a high. With that, you get a general overview of what an odd is.
Different formulas of odds
The fundamental principle which is behind odds is straightforward. But you have to know that there are three types of odds:
- Decimal odds
- Moneyline/American odds
- Fractional odds
It is possible that at some point during your betting, you are going to encounter all the above. They tend to work in the same way with just different ways of expressing the particular wager’s actual odds.
American odds or moneyline odds
It is the format that you will find mostly utilized in the USA. The odds are displayed as either negatives or positive. A negative number expresses the amount you will need to stake in order to win $100, while a positive number denotes how much a correct wager of an amount of $100 will win.
If you saw an odd of +150, it denotes that a bet for $100 could give you $150 if you win plus your initial stakes. If it was a -150, it means you will have to stake $150 to get a $100 in winnings plus your initial stake of the $150. An even wager is expressed as +100
Decimal odds
They are odds mostly associated with Canada, mainland Europe, and Australia. But at the moment, they are standard on most bookmaker’s lines apart from the betting sites in the USA. They are the simplest of the three types of odds and expressed as + or – with two decimal places.
