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How Do Betting Odds Work?

Rigoberto Frazier (2019-08-31)


Welcome to the Sports Betting Odds section of The Sports Geek. 2200, etc) we will lay it all out for you and help you learn how the betting odds work. Many people don’t know how to read or calculate sports betting odds, 안전놀이터 so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below. Most online sportsbooks will list their odds in what is called "American Odds".



There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign. The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered.



The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play. 120 in profits. Again this can easily be converted into smaller or larger size bets. Below is an example of NFL betting odds taken from an online betting site. The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet.



You can click on the outcome or team you would like to bet on, 안전놀이터 and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet. Ready To Start Betting? You will also get a Free Money Bonus at each sportsbook if you follow either link above. Decimal style odds are used mostly in Europe, and are pretty easy to understand.



To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.



These are the reasons that they often do not win big at all - instead they get frustrated and think that their "luck" has run out. In the world of sports betting, you have to leave your emotions behind; this can greatly affect your judgment and the decisions you make. Don't bet on only one specific football team just because you're a big fan or because you "feel lucky" - many bettors have made this mistake and ultimately they lost a lot of money.





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Información, cultura y sociedad. ISSN 1851-1740. Instituto de Investigaciones Bibliotecológicas (ics@filo.uba.ar / inibi@filo.uba.ar / http://www.filo.uba.ar/contenidos/investigacion/institutos/inibi_nuevo/home.html), Universidad de Buenos Aires. Facultad de Filosofía y Letras. Puán 480 - Piso 4 Of. 8 (C1406CQJ) - Ciudad Autónoma de Buenos Aires. República Argentina