What are the odds that your favorite team will win in a sports match? Those odds, whatever they are, are different from what people call ‘odds’ in sports betting. Before placing your wagers on a sports match, you first have to look at the betting odds. That’s where you need to develop skills in finding the best odds. Why? Well, simply because you may lose more money than you except. There’s more to sports betting than simple dollar-to-dollar ration, therefore finding the best odds is extremely necessary before deciding on which sports matches to bet on.
There are basically three things you have to know when finding the best odds. These are the decimal, fraction and US odd formats. Decimals odds use decimal figures (eg. “1.50”), representing the full payout based on the wager. Fractional odds, meanwhile, use fractions (eg. “1/2”) to represent the money won against the money you wagered. US odd format, on the other hand, are pretty straightforward. When positive (eg. “150”), it means you win $150 for placing a $100 bet. A negative odd (eg. “-200”) means you have to wager $200 in order to win $100. In finding the best odds, you must understand the odd format used by the bookmaker.
It’s just like breaking down mathematical formulas. You have to understand what each number or symbol means to calculate the results. In finding the best odds, you have to understand what “1.50”, “1/2” or “-200” means in order for you to realize how high or low the risks are in placing your bets on a particular sports match. Practice finding the best odds. Let’s say you bet on a match that has a “2.00”, “1/1” or “+100” betting odd. Decoding them, you’ll realize that they are the same-you win $100 for every $100 wagered. Bottomline is, when you are trying to find the best odds, first you have to understand them.