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Simple And Quick Guide To Understanding Online Sports Betting Odds
Understanding betting odds is a must for any online sports betting enthusiast. Gaining such knowledge is not an option. It is an important requirement that should be observed.

To know how betting odds and most importantly, betting formats work, guides you on your possible gains or profits. As you perform your team analysis, a better understanding of betting odds will help come up with a better decision. In this manner, you are no longer required to depend heavily on luck.

Different odds format

Different kind of odds format exist. There are many formats available for bookies. It depends on the area or region where you are betting. There are different formats that are more popular than others. While there are some bookmakers that offer odds conversion tools, not all providers of sportsbooks have them. Resorting into manual conversion does not help that much as this will only consume your effort and time.

For your reference, here are the odds formats you need to know.

Decimal odds

This odds format is written in decimal format, as the name suggests. Bettors from Europe, Canada and Australia favor this format since it gives them an easy time to computer their possible winnings.

It follows the formula: stake x odd = payout

Therefore, if you place a $500 on a 2.50 odds, your payout will be $1250.

Fractional odds

This is one of the oldest forms of betting and is used widely in Ireland and the United Kingdom. It is also used in horseracing, apparently following a fractional format. This is also called as traditional odds. They also show you the total payout that you will get, relative to your stake. So, for example if you see a 2/1 traditional odd, this means that you will get a $400 profit if you place a $200 worth of bet.

American odds

American odds, also known as moneyline, is a very popular form of betting in the United States. Favorites are marked with a negative (+) sign. Higher numbers have a higher chance of winning. Therefore, a -300 is more likely to win than a -200.

The positive (+) sign is used when it comes to underdogs. Here, numbers with a higher value is less likely to win. https://hartingtongolf.com/how-to-play-blackjack-in-casinos-casino-blackjack-rules/ The winner is therefore more likely to win if the number between +200 and +300 is higher than the latter (+200).

It uses a $100 baseline, which means that you have to risk $300 in order to win $100 in a bookie.

For a +200, you can only lose $100 but win $200.

Hong Kong Odds, Malay Odds, Indonesian Odds

Hong Kong odds are similar to UK odds, except that they are shown in decimals.

Like American odds, Indonesian odds can also be expressed in negative or positive. However, its baseline value is 1.

Malay odds will be the exact opposite of American and Indonesian odds.

It may take some time before you get the hang of using odds format. But mastering them will definitely make you a wiser and better punter.
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