The sports world is exciting for many, millions of people do not miss any game and are always up to date with the news and upcoming games and tournaments. In addition, the excitement and passion can increase if you like to bet, because there is that feeling of satisfaction when you predict a correct outcome.
The goal of sports betting is to get the final score right in a match. This can have some variations: the total number of points between the two teams, the winning and losing team, the exact final score between the two teams, among others.
One of the most important concepts and where you have to be very familiar with online betting is the odds. If you're not, you better pay your attention to this 먹튀검증 sports community website to gain more information about sports betting. The odds are the profit you get for each money bet or, in other words, what the house has to pay you if you win the bet. Therefore, if the odds are high, you will win more money and if the odds are low, the profit will be low as well.
For example, if a bet has an odds of 1.4 and we decide to bet 5€, to know how much we will get if we win the bet, we multiply these two numbers, and to know the net win, we subtract the initial bet: 1.4 * 5 = 7€, then we win 7€, but if we want to know the net win: 7€ - 5€ = 2€, then the real win would be 2€.
Something to keep in mind is that the odds may vary in different bookmakers for the same match. This is due to the number of players betting on the same team, the more players betting on a team, the lower the odds will be. The opposite of this is also true, if few players bet on a team, the odds will be high. So it is important not to be aware of only one bookmaker but several in order to find the highest odds as this is more beneficial for us.
But once we have bet on certain odds, it will not change for us, even if it goes down or up.
Once we have mastered the subject of the odds and the variations that may exist in the bookmakers, we must know that there are different types of odds, to be exact, 3 types:
1. European or decimal: These are the most used in Europe, with the exception of the United Kingdom. This quota is represented in whole numbers greater than 1, it can also contain up to 2 or 3 decimals. To obtain the profit we only have to multiply these odds by the amount bet.
This type of odds is the only type that does not explicitly give the net profit, but we have to make a simple calculation to know it: subtract the total profit with the amount bet.
2. Fractional: This type is used in England. It is represented in the form of a fraction. Here we have to bet what comes out in the denominator and the net profit is the numerator. For example, for an odds of ½, we have to bet 2 units to win one unit net.
3. American: This is the traditional odds in the United States. It consists of negative and positive odds. It is based on bets or winnings of 100 units, if there is a plus sign (+) it means that it is positive and indicates what we will win net for every 100 units bet. For example, if we bet $100 and the odds are +200, we would be winning $200 net. And if it has a minus sign (-) it means that it is negative and that is what we have to bet so that the net profit is $100. For example, if this time the odds are -200, it means that we have to bet 200$ to win 100$ net.
As we have seen, odds are a key element when it comes to understanding how to bet on games. And although the world of sports betting is wide, so we have to know strategies for betting, knowing this important concept we are one step away from becoming an expert in this type of betting and get the most out of every game we bet on.