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Your guide to sports betting
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Posted on 20 January '10 by best odds, under Bonus Code. No Comments.
Newcomers to the wagering market often find the wagering odds confusing. In reality, the odds is a very simple way for the bookies to let you know the plausibility of the outcome being what you picked. If you are new to this, please take a few minutes to read through this Wagering for beginners guide. You will probably find it useful.
What is odds?
Odds is the numbers the bookies use to calculate how much you can win when you wager chosen stake. The higher these numbers are, the lower is your probability to win. There are a few different way to present the odds. The bookies use different ways depending on what region they target. The three ways to display odds are American, Decimal and Brittish Odds. Most global websites targeting players in more than one market will allow you to choose the display type you like to use.
UK betting odds (traditional odds)
The UK odds shows you the profit your bet will give if it wins. The UK odds are called traditional odds since wagering is believed to have started in the UK long ago. The UK odds are presented as fractions. They are very easy to translate into decimal odds since the only thing you have to do is adding 1. Using UK odds to calculate your winnings is also easy. You simply multiply your wager with the UK odds.
For example, you place a €10 bet at the 5/8 UK odds. Your profit is then €6.25 (5/8 * 10).
Decimal Odds (European odds)
The decimal odds is the most used way of displaying odds in the world of online wagering. The decimal odds are displayed as numerical units suck as 1.30 or 2.20. They are very simple to apply and the math is very easy to understand and put to use.
Example, you place a bet for €10 at the odds of 3.30 in decimal odds. Your payout is then €33. Subtract your wager to calculate the profit – 33-10=23. Total profit €23.
American Betting Odds
American odds is the trickiest kind to understand since it is more complicated than the decimal and the UK odds. When wagering online, it is doubtful that you will ever have to deal with american odds but it is good to understand it still if you for example find yourself in a wagering discussion with an american. The american odds are split into two types.
Negative odds tells you how much you will have to stake to get a profit of €100. If a team is presented with odds -140 you will have to stake €140 to get a €100 profit.
Positive tells you how much profit you will get if you stake €100. If a team has the odds +300 you will have €300 profit for a stake of $100. Thus – +300 in american odds is equal to decimal odds 4,00 or decimal odds 3/1.
Conclusion
To sum it up, the decimal way to present odds is the easiest and most common in online wagering. The UK odds is a bit trickier and should be avoided. The american odds are, as most american things, a complete waste of time and should be avoided at all costs.
Posted on 8 January '10 by best odds, under Uncategorized. No Comments.
The first thing you should do is to find the web bookie with the best odds. Even if the odds vary all the time, even on the same bookie, there is usually tendencies for it to have good or bad odds… simply by the percentage it pays back. So basically you want to find a site that pays back at least 95%. We will keep you updated with a complete list of such sites that we find.
Posted on 8 January '10 by best odds, under Best Odds. No Comments.
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