Some general sporting odds for 2019
Sports betting is becoming increasingly popular on the internet today. If you are a rookie to the sports betting market, you may be perplexed by the different varieties types of odds available at bookmakers. Whether you are looking for Basketball, Football, Hockey, Volleyball, or Horseracing, you will find them at the leading UK sportsbooks.
To understand better sports betting, you need to know about odds. Sports odds are a crucial part of any sports, and they used to determine whether the bet is worth placing. Additionally, the possible payout of any bet staked is calculated by combining the odds and the bet. In this article, you will learn the meaning of sports odds and some of the popular sports odds formats, and the different types of sports betting odds.
What are Odds?
Odds have two main functions in sports betting. They are used in calculating the payouts or returns of all winning bets. It is essential to understand that sports odds are only offered by the bookmaker when a wager is placed. Thus, the higher the odds, the more chances of winning based on your initial bet.
Also, odds help in reflecting the possibility of any match or game results. However, the higher the likelihood of winning, the lower the odds. For instance, your chances of winning are less when you bet on Chelsea to win the Champions League final match if you were to bet on Liverpool. The fact is better performing teams or players have higher winning opportunities, which is why it is placing bets on poor players has enormous payback.
Types of Sports Odds
Many people who are new to this industry find it difficult when identifying different sports betting odds formats as well as calculating them. Here are the main betting odds in the market.
Decimal Odds
The decimal odds are commonly used in the European market, and they are simple and straightforward. Nonetheless, they become popular in American online bookmakers. The decimal odd is calculated by multiplying the amount you have decided to bet by the decimal different decimal odds.
Fractional Odds
The fractional odds are considered the most favorite in the UK. The fractional or traditional odds are used to show the possible profit a punter can make. The total potential payout is calculated by adding the original wager.
Moneyline Odds
Moneylines is another simple odd where bettors wager on the team they think will win the match. Since the odds do not involve any point spreads or margin victory, it will only focus on the outright winner. An example, Chelsea has -150 odds and Liverpool has +130. The essential elements to note are the positive and negative signs. In this case, Liverpool is an underdog team and betting on it has a higher possible payout of up to $130 if it wins.
On the other hand, a team with a negative sign implies it has higher chances of winning. The number -150 shows the amount a player is expected to bet before winning $100.
Point Spreads Odds
This odd involves predicting the winner of the match, and it comes with a margin victory. As well, Points Spreads odds have money line odds which indicate the possible payout in case of a win.
Total Odds
The total odds reflect the addition score of both teams involved. In simple terms, the players objective is to check whether the combined results will exceed the set number or not. For example, is a final score adds up to 65, it means it is under.
Future Odds
As the name suggests, these odds focus on what will happen in the future of the game. This is where you can bet on a specific division or the championship winner. The advantage of using this odd is the generous payout it guarantees. Nonetheless, you should expect your winnings to be locked up for some couple of days before cashing out.
However, if sports betting is not your cup of tea, you can opt to try out online casino gambling. There are numerous variants of online casino games including slots, video poker, blackjack, roulette, and baccarat. Recognizable developers supply these games in the gaming world like Microgaming, NetEnt, Playtech, and Quickspin. Players will be able to enjoy different odds depending on the games they choose to play. Here are some popular casino games with the most paying odds.
⦁ American Roulette 5.26%
⦁ European Roulette 2.7%
⦁ Craps 1.41%
⦁ Blackjack 0.5%
How to Choose a Bookmaker or Casino with the Best Odds
There are several factors you need to consider when shopping for a site with the highest paying odds. The security and safety of a website is the first aspect you need to check. A good site must be licensed and regulated by a prominent authority as well as the latest 256/128 bit Secure Socket Layer (SSL) encryption. The size of bonuses and promotional offers is equally important as they help in building the bankroll. Another crucial aspect is the types of payment options supported by the platform.
Also, a good site must offer punters with a wide range of sports and games to play. Lastly, the availability of customer support team is also helpful at ensuring that all customer questions have been answered. If you are new to this industry, we have listed below reputable real money betting sites.
- Betway Casino and Sportsbook
- Bet365 Casino and sportsbook
- Spin Palace Casino and Sportsbook
- Bodog Casino and Sportsbook
- William Hill Casino and Sportsbook