What Kind Of Sports Betting Odds Are There, And How Do They Work?

One of the aspects that people take into account when choosing their preferred online bookmaker is the odds. Those things are also known as coefficients, and they show you the price of a given market. The markets that are considered to be easier to predict have lower odds than those thought to be riskier.

Depending on the online betting platform, odds can take different formats. Some of the industry-leading gambling websites offer numerous versions, and they allow their clients to switch between them in a matter of seconds. Let’s take a look at some of the most popular odds formats and learn more about them.

Decimal

The first and also the most popular odds format that you will find if you check these bookies with higher odds presented by Betenemy is called Decimal. This is the option used by the majority of European bettors, which is why every EU-based operator has it in its portfolio. Besides Europe, this odds format is also popular in Australia, Canada, and New Zealand.

If you decide to use the Decimal format while betting on sports, you can check the amount of money you can win if you bet $1. This means that the higher the odds, the more money you could get if you predict it successfully.

Fractional

The second-most-popular odds format that you can also find if you check some of the bookies with good odds found on Betenemy is Fractional. This option has many fans in the UK, as well as several other countries around the world.

This type of odds format is more complicated to understand because they usually have a hyphen between them. For example, if a given event has odds of 6-1 and you bet $1, you should get that amount back, as well as a profit of $6.

American

The third type of odds that people can access if they visit some of the leading bookmakers are called American because it is usually prevalent in the USA, and a few other places.. At first sight, this format looks similar to Fractional, but there are many differences.

For starters, the odds usually have a “-” sign, which shows the amount you have to wager to win $100. The team/player that has the “-” sign is usually considered the favorite, whereas the one with a “+” sign is the underdog. The odds that have this sign will show you how much you could win if you wager $100.

Malay

Even though online betting is not that popular in some Asian countries yet, this is prone to change in the future. That’s why we’d also want to let you know that there is another popular odds format called Malay.

This one is similar to the "American" version because they also have positive and negative values. Usually, the Malay odds format uses 0 in the beginning, and if the number is positive, it means that this team/player is thought to be the favorite.

Some Asian countries also use Indo and HongKong formats.

What Kind Of Sports Betting Odds Are There, And How Do They Work? to Best Current Sports News

Top of This Page