Understanding Betting Odds: A Key to Smarter Bets with SG88WIN

If you want to enter sports betting and make some profit for each bet you make at SG88WIN Online Casino

It's important that you fully understand betting odds so you can make smart bets. Whenever you are staking your money in football, basketball, or any other sports you're interested in, our best SG88WIN betting tips are that you must know the basics.

In its simplest form, odds refer to the likelihood of an event taking place and mark the amount of the winning bet; and sportsbook has different ways of presenting these sports betting odds.

Decimal Odds/European Odds

This type of betting odds is usually used by online sportsbooks in Europe, Australia, Canada, and New Zealand because they're not so complicated, so even if you're a complete newbie, you can easily understand them quickly. Decimal odds allow you to identify the favorite and underdog options aside from identifying your possible winnings with few computations.

Reading Decimal Odds

Decimal odds can be defined as the total amount that you are likely to earn for every stake you place, including the money you staked. As compared to other betting odds formats that are based strictly on profit, this type of odds gives you a complete picture of your possible winnings.

Example: Suppose you’re thinking about betting on an EPL football match bet in which Manchester City has decimal odds of 3.00. This means that for $10 you stake on Man City you will get a total of $30 in the event the team wins.

Calculating Payouts

To calculate your total potential payout using decimal odds, multiply your stake by the decimal odds: Total Payout = Stake x Decimal Odds In our example, if you bet $10 on Man City at odds of 3.00, your potential payout would be: Total Payout = 10 x 3.0 = 30

Spotting Favorites and Underdogs

You can also spot who is the favorite and underdog team by using the decimal odds. Favorites = they have much lower decimal odds which imply high chances of winning. Underdogs = have much higher decimal odds, which implies that their chances of winning are low.

Fractional Odds/British Odds

This type of betting odds is usually used by bookmakers in the United Kingdom and Ireland; odds are written with a hyphen or slash. So if you see odds like (5/1 or 5-1), it is a fractional betting odds and it is read as 5 to 1.

Reading Fractional Odds

Fractional odds show how much money you can make about the amount you will risk. The first number at the top of the fraction gives you an idea of your potential profit and the second number tells you how much you need to stake necessary to win your profit when you bet on SGWIN88 online sports casino

Example: So when you are offered odds of 5/1 in an EPL match bet between Man City and Arsenal, this means that for every $1 you place, you can make $5 in profit. Also, you get back your initial $1 that you bet if your bet wins.

Calculating Payouts

To calculate your total potential payout betting on Man City using fractional odds, follow these steps: Divide the first number (profit) by the second number (stake): In our example, 5 / 1 = 5, then you simply need to add 1 to the result (5 + 1 = 6) and multiply the result by your stake. So if you wagered $100 you would receive a total of 6 × $100 = $ 600

Breaking Down the Payout The fractional odds of 5/1 meant that for every $100 you wagered at SG88WIN, you would win $500 in profit. So if you bet $100 for Man City to win and you’re correct, you get a total of $600.

American Odds/Moneyline Odds

Moneyline odds or American odds are the most popular types of odds in the United States of America. These odds use the +/- sign to identify the favorite and underdogs - positive odds are for favorites while negative odds are for the underdogs; these betting odds show you your potential profit and stake you need for placing a certain bet.

Understanding American Odds

Negative Odds (-) The negative sign before the number represents the favorite and the number is the amount of money that you have to bet to win $100.

Positive Odds (+) In positive numbers, the odds are presented for the underdog team and the number means how much you would win if you bet $100. For instance, odds of 150 mean if you bet $100 then you will win $150.

Calculating Payouts

Using the American odds to determine probable payoffs is a little different depending on whether the odds are positive or negative.

Negative Odds (-) To give you an idea of how much you could win with negative American odds, you first need to divide 100 by the absolute value of the odds. Let's say the odds are -200, you divide 100 by 200 which gives you 0.5. After this, you should multiply this result by your stake amount.

So if you bet $50 at SG88WIN, you would be able to make $50 times 0.5 = $25. Finally, to arrive at your total payout just add your initial stake to your gain and it goes like this $25 + $50 = $75 (your total payout).

Positive Odds (+) If you are using positive American odds, then start by dividing the odds by 100 to know your potential payout. For instance, at +150, you divide 150 by 100 to get 1.5. After that, multiply this result by your stake amount.

Supposing you bet for $50 at SG88WIN, then your profit will be 1.5 multiplied by the bet value of $50 = $75. Lastly, to find out how much you will be paid, simply add the stake back to the profit; so in this case, the total that you are paid will be $75 (profit) + $50 (stake) = $125.

Bet On Sports At SG88WIN Online Casino

Even though it can be easy to bet on the underdog against the favorite in a football match, the real spirit of betting is at odds. By knowing the odds, you'll be able to spot potential good value and make smarter bets at SG88WIN register now!

FAQs:

Why Is It Important To Learn About Betting Odds?

Understanding betting odds will help you make wiser decisions and you'll be able to find which bets are most profitable.

How Can One Use Odds To Spot Value Bets?

Value bets happen when the odds given are higher than what you believe would happen to an event. Understanding the odds and doing your research can help you identify such an opportunity.

How Does Odds Comparison Help In Making The Most Profits?

To max out your money and increase your chances of winning, you must shop around for the best odds.