What are the different types of odds in betting?

Posted by on Nov 12, 2016 in Gaming-1 | 0 comments

What are the different types of odds in betting?

Sport is one field that has always been the center of betting. People, from all over the world, bet on sports on online sites such as http://asia303.online/ioncasino/. Many of the people who are an expert in the sports and sporting events can combine their expertise on sports with their skill of betting to make a lot of money.

The bets are basically placed o the odds. These odds are offered by the bookies and the bettors choose their bets based on these odds. The bookies are responsible for taking the least risk for themselves and this is the reason that they try to get as many bets. Their profit is from the percentage of the bets that are placed through them.

There are many ways in which the bookies express the betting odds such as

American odds

These odds are represented by the sign of plus and minus. The minus sign is the indicator of the favorite team while the plus sign is assigned to the underdog. The number placed against minus sign denotes the amount of money that you need to bet with to gain $100 whereas the number with the minus sign is the amount of money that you will receive when they bet $100 on the underdog and they win.

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Decimal odds

In Europe this is the preferred way of expressing odds. This number will help you earn the number of times the money if you bet on the team and that team wins.

Fractional odds

This too is followed in England and the first number is the amount that will be won while the second number is the bet that needs to be placed. The winner gets the sum total of the fraction.

Placing the bet is a tricky thing and you must do it on a reliable website such as http://asia303.online/ioncasino/ so that you do not risk your money unnecessarily.

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