Most bettors usually encounter challenges when they first start betting on sports and struggle with complicated odds formats, miscalculations on potential payouts, as well as confusion on terms like “value” or “probability”. Worst, this confusion leads to missed opportunities and avoidable mistakes which turns excitement into frustration. But you don’t have to go through it because if you understand the odds, you’ll be able to find profitable opportunities and make smart decisions. Join AS128G now and take advantage of the most competitive betting odds in the markets today!
Why Understanding Odds Matter?
Sports betting odds tell you how much money you should risk and how much you are expected to receive in case you win. Usually, odds are presented in 3 different formats – American, fractional, and decimal. But despite different representations, they all mean the same, they dictate your risk, reward, and overall success.
For you to improve your chances of winning, its important that you understand betting odds so that you can identify value bets. Betting odds also helps you when comparing markets to ensure you’ll be getting the best possible returns. Mastering odds when betting on sports is also vital to help you avoid committing rookie mistakes like misreading formats or overestimating payouts.
Odds Formats
American Odds
American Odds are commonly used to display your potential profit and how much you need to stake. Odds on the favorites are usually presented with negative numbers while odds on the underdogs are presented with positive numbers. A “+” odds shows your profit for every $100 you bet while a “-” odds tells you how much you need to stake to win $100.
Fractional Odds
While it may look complicated and confusing, fractional odds are actually easy to understand. Say you see odds like 5/1 or 4/2 (read as 5 to 1) at AS128G. Fractional odds describe the amount of profit you can earn for every bet you make. The top number (numerator) shows your potential profit while the bottom number (denominator) tells you the amount you have to bet to win your profit. You can determine your potential profit using this formula:
Total Potential Payout = (Stake Amount x Numerator/Denominator) + Stake Amount
Say you are betting on an EPL match at odds of 5/1 at AS128G. Then, this means that you can earn $5 profit for every $1 you stake. So if you bet $100 and win, then you make a $500 profit and expect to receive a total of $600, plus your $100 stake.
Decimal Odds
This betting odds are usually used in Asia and Europe. Decimal odds are actually beginners friendly because of its easy to understand concept. Just by looking at it, you can easily identify which is the favorites and which is the underdogs as well as your potential profits from these odds. Simply multiply your bet amount by the odds to determine your potential returns.
Say you’re betting $100 on NBA at Team A with a 3.00 odds. This means that for every $100 you bet on them, you will get $300 if Team A wins.
How To Use Betting Odds To Your Advantage?
When betting at AS128G Sportsbook, you shouldn’t just go bet on the first odds you see but rather, shop around to find the most competitive odds available so that you find better value. You must also learn how to identify overpriced odds by doing thorough research and analysis. And if you’re new, it’s better that you start with decimal odds for its simple concept.
Wrap Up
Understanding betting odds is very important if you’re interested in betting on sports. You no longer blindly place bets because you don’t understand the odds and your probability of winning from it. If you are confident about your knowledge and understand how the betting odds work, it’s time to head on at AS128G today!
FAQs:
How Do Sportsbooks At AS128G Set Their Odds?
Bookies set their odds after analyzing stats, form, market trends, injuries, climates, home advantage, and other factors to balance the risk.
Why Are Odds Presented In Different Formats?
While it all means the same, bookmakers are presenting their odds to cater to global audiences as well as simplify betting.
Which Format Is Best For Beginners?
Decimal Odds – it’s because of its simple concept.
