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If you are excited about making a little money from watching your favorite sports, you could consider making a bet. On the flip side, if you really want to be in with the chance of winning you should take some time in understanding sports betting odds.
Firstly, there are a number of distinct terms that should be considered in any comprehension of sports betting odds. The ‘stake’ is the sum of cash that you’ll be betting; ‘short odds’ mean that the likelihood of the event occurring is high; ‘odds against’ implies that the return for winning is more than 2 times the amount of the initial bet placed. Remembering these terms will take you one step closer to understanding sports betting odds.
When displaying the odds of sporting events, decimal odds or fractional odds are usually used. If you want to understand sports betting odds in which case you will need to understand these systems. Fractional odds are more popular in the UK, and are represented in a way that states the total available to the higher. By way of example, odds of 4/1 (four-to-one) mean that, whenever they win, the higher will 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. By way of example, an event with a 20% chance would work out at 100 divided by 20, which is 5. Within the US odds are given differently again, as a positive or negative number where a number next to a positive states simply how much you will win for a 100 stake, or perhaps a negative means how much you will need to bet to win 100. Understanding these methods shall take you some way in understanding sports gamble betting odds, leaving you with an even better chance of picking the correct sides.