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Betting Odds explained: How are football odds calculated Understanding betting odds is the most crucial factor in sports betting. The quality of the odds you are getting is essential, and if you don’t know how to calculate them on your own, you should learn. Not understanding the odds is the main reason people lose funds in the long run. Understanding Football Betting Odds. We show Football betting odds on the Exchange in decimals. Football decimal odds are easy to understand, because they represent the payout you’ll get if you win – e.g. 7.8 means you’ll receive 78 for every £10 you bet, including your stake, if the bet wins. The Betting odds at BetOnline shows the Money Line AND the Point Spread. In a point spread bet, the margin of victory by the favorite is estimated as a line in order to make the contest as even as possible from a sports betting perspective. Football bettors should accustom themselves to the fact that there are two types of odds, precisely odds against and odds on. As for odds against, the biggest peculiarity about them remains that they indicate that the amount you can potentially pocket is larger than the stake you have made.
*What Do Betting Odds Mean
*Explain Football Betting Lines
*Explain Soccer Betting Odds
*Betting Odds Explanation
If you’re new to the world of gambling, you need to make sure that you understand the odds before you ever place a bet.
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To put it simply, betting odds are a numerical representation of how likely an event is to occur. Take the example of rolling dice. Because there are six possible outcomes from one roll of the dice, there’s a 16.67% chance that you’ll be correct in your guess of which number will be rolled. That’s 100 divided by six, which equals 16.6666666667, to be exact. This translates to a coefficient 6/1 chance of any specific outcome, or 7.0 if you remove the bookie’s margin.
The same basic principle applies to flipping a coin—a coin has two sides, so you have a 50% chance of winning.
Odds can also tell you how much money you will win. Let’s say you’re betting on a team with 4/1 odds in a sporting event. If you bet £/€1 and your team wins, you’ll receive £/€4, plus your stake back for a total of £/€5.
Although it may be confusing at first, it’s pertinent that you grasp how betting odds work if you want to make a go of online gambling or sports betting.
There are basically three types of betting odds: fractional, decimal and U.S. style. Fractional Odds
In the past, the most commonly used betting odds globally were fractional. They still remain the most commonly-used and understood in the UK, though Hong Kong and Malay odds are favored in other parts of the world.
When you see 4/1 odds, to use the example above, those are fractional odds. This means you have a one in four chance of winning, or a 20% chance. To put it another way, you also have an 80% chance of losing. That also means the winner will be paid £/€4 for every dollar or pound waged.
The same goes for 9/1 odds. You’ll win £/€9 for every dollar or pound waged, but you also have only a 10% chance of winning and a 90% chance of losing. Decimal Odds
Decimal odds are becoming increasingly popular among bookmakers, commonly known as bookies. Most often used in Europe and Asia, decimal odds use a number with a decimal point as opposed to the fractional format.
With 4/1 betting odds, the decimal odds are 5.0. To get this number, you take the percentage chance of winning (in this case, 20%) and see how many time it goes into 100. 100 divided by 20 is 5.
To figure out your winnings with decimal odds, you multiply the odds by your stake, and then subtract your stake from that number. For example, when the odds are 5.0 and you bet £/€10, you multiple 5 x 10 and then subtract 10, for total winnings of £/€40. U.S. Odds
In the United States, betting odds are expressed using the plus or minus sign. The plus sign indicates the favorite, while the minus is for the underdog. For example, the favorite team might have odds of +250, while the underdog’s odds are -150.
The numbers are calculated according to how much one must wager in order to win $100. Using the example above, you must bet $150 in order to win $100 for the underdog team. If you bet $150 on the underdog team and they win, your winnings will be $250 (your $150 stake + $100 winnings). On the other hand, if you bet $100 on the team with +250 odds, your winnings will total $350 (your $100 stake + $250 winnings). That said, the more you bet, the more you win, obviously. If you bet $150 rather than $100, your winnings with the favorite team would be $400 (your $150 stake + $250 winnings). What Do Betting Odds Mean
Now that you’ve had you know how betting odds work, you should have a better chance of winning, no matter which style of odds your bookie uses.
There are a number of online articles that can help you further understand how betting odds work. A little research can go a long way toward ensuring that you’re as successful as possible. Nebraska keno results.
Between college and pro football, there are literally over a thousand opportunities a week to win money online during the football season.
To take advantage of these football betting odds, football bettors first need to understand how to read the different types of odd formats online.
Each sportsbook includes several different formats, including American odds or Vegas Odds, Decimal Odds, and Fractional Odds. But What Are Sport Betting Odds?
For the beginner sport odds can be somewhat confusing, specially because the odds are not the same as “the odds of an event happening”. Sport odds do not refer to the chance of a team winning or losing, they imply the “price” at which a bet can be purchase, and like the stock market odds change of price all the time depending on public demand for them.
Example: For Super Bowl 2016 the favorites to win the Super Bowl are the Seattle Seahawks with odds of +$600 or 6 to 1. This is a Moneyline or Vegas Odd that implies that for a $100 bet you can win $600, or for a bet of any denomination you will win 6 times the wager.
But the Dallas Cowboys show up as Longshots with odds of $900 or 9 to 1. The less likey the chance of a team winning the bet the higher the odds go. Explain Football Betting LinesAmerican Odds or Vegas Odds – USA
The most common betting odds in the United States are American odds. American odds present football bets in one hundred dollar terms. While a commonly seen type of money line, these can be tough to decipher at first glance. Here’s an example of American betting odds on the winner of a game:
Green Bay Packers -175
Seattle Seahawks +150
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Reading these betting odds, Green Bay Packers is considered a slight favorite to win. A bettor has to risk $175 to win $100 (-175). Those taking Seattle need to only wager $100 to win $150 (+150). Of course, a gambler doesn’t have to actually wager that much money; the ratios are used for any amount, larger or smaller, than the money odds are designed to display.
In American odds the higher a plus money line is (e.g. +300) the higher the payout, while the higher a minus money line is (-300) the lower the payout. Even odds denote even money and they are shown this way: +100 or -100, which means that a $100 dollar bet gets a payout of $100.
*There are two main types of placing bets for American Football, the Money Line which is a straight bet on the winner, and the Point Spread, which gives some extra points to the underdog to win the bet or takes points off the favorite. Learn when and how to use both of them.Fractional Odds – UK
Fractional odds can be easier to read for first time gamblers, as they resemble familiar ratio odd presentations. In fractional odds, the higher the number on the left (numerator), the riskier the bet is and the higher the payout.
For example, a fractional odd of 10/1 indicates a ten to one payout on a bet. The flipside of this includes any number less than one, as represented by a fraction.
A fractional odd of 1/2 indicates a payout of half the amount risked. The closer or lower the fraction to zero, the lower the payout is, while the higher above one, the higher the payout is.
Even money is equivalent to a 1/1 fractional odd.Decimal Odds – EuropeExplain Soccer Betting Odds
Decimal odds are perhaps the most complicated money line format. The easiest starting point for decimal odds is to compare them to fractional odds. Decimal odds are the fractional odd, represented in a whole number, plus one.
For example, a fractional odd of 2/1 (two to one) would be represent fractionally as 3.00. The fractional odd 1/2 is equivalent to 1.5. Even money in fractional odds is 2.00.
Thus, the higher above two a fractional odd is, the higher the payout becomes. Odds with lower payouts than what is risked fall between 2.00 and 1.00, with lower numbers being lower payouts.
*Fractional odds are very popular in the UK were Over Under bets are prefered by European football bettors.Betting Odds ExplanationFootball Betting Odds Online
Every online sportsbook offers money lines for a huge variety of bets. Football betting odds online can be a great way to place safe bets or find games with lucrative odds. American odds tend to be the standard setting for online sportsbooks, but football betting odds can be displayed in any of the three ways. Sportsbooks typically allow users to change the settings, allowing bettors to choose whichever format they find easiest to read. Regardless of the format, online betting odds can be a great way to win money on football.
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