There are different ways to present odds. The most common one used in Europe is (of course) European odds or decimal odds, in addition to British and American odds. In this guide we will go through the different odds and how a basic guide on how they work.
Its quite wierd if you don’t like a good old fasioned Point Spread. Not just because Point Spread is the king when it comes to betting on pro-fotball, its a favorite for pro betters and newcommers alike. Also known as the names spread and line and for bettingsites; its a normal misconception that sportsbetting- books sets the point spread as a predicted winning factor. It should be a good thing to find a balance between betters who want to bet on the underdog and those who feel like betting on the favorite.
To take Sports betting seriously
If you are a beginner in sports betting, you will probably encounter what more experienced players refer to value and values. You can often hear an experienced player say in line with “I think Liverpool has good game value for this odds” or “Chelsea has no value in this odds”
The key to the success of one’s betting is to find the situations where there is a value. A value-situation is there, the offered odds of a bookmaker reflect a probability that is less than the actual likelihood.
You can compare it to heads or tails on a coin.
When you throw the coin in the air, the outcomes are two. Either heads or tails. (Ok, there’s also a microscopic chance that it gets on the side, but we don’t consider that here.
Odds can be difficult to understand for a beginner
If you want to get into sports betting and odds, you should find a site that takes ports odds seriously, and are devoted to keep their costumers up to date and are devoted on gathering and educating people what’s right or wrong.
Fortunately you can often see if a site is serious or not about odds, if they have nice tutorials and try to illustrate things that is sometimes not so apparent for you is a player.
European odds, or decimal odds, are according to us, the most easy way to understand odds. European odds are a measure of how much you get back per unit.
Example: If you bet £ 100 at odds of 1.5. You get back 100 x 1.50 = £ 150 . The win is thus £ 50.