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| Sports betting odds explained |
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If you enjoy gambling, you need to understand betting
odds. Understanding betting odds can greatly improve
your chances at winning whatever sporting even you are
placing a bet on. Betting odds decide if the athlete or
team you want to bet on is the favorite or the underdog.
This also defines how much money you will win if you bet
right. So you can see how if you don’t understand
betting odds you can easily lose out on lots of money
when you try sports betting.
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Top online betting sites , huge
bonuses |
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Sportsbook |
Bonus |
Website Link |
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Bodog betting |
$1200
(200%) |
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Oddsmaker |
$1000
(155%) |
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Odds are the
chances of a certain event happening. Normally these are
represented by a percentage. For example, if you toss a coin
there is a 50% chance it will land on heads. Similarly, if
you roll a dice, there is a 1/6 or 16.66% chance of it
landing on the number you want it to. You get 100% when
every possible outcome is added up. In sports betting, odds
are expressed differently. The bookie make odds to show the
chances of a certain event happening. Three ways are used to
express the odds.
Decimal odds
are used in Europe and the UK uses fractional odds. The US
uses their own odds, and sports betting is illegal in almost
every state. To use US odds, also called money line odds, a
4 decimal odd or a 3/1 odd would equal a +300US. Money line
odds are either negative or positive. If the odds are
negative, then there is lots of money at stake to win just
100 units. Positive money odds represent the money that
you’d win if you bet 100 units. This can be confusing to
some, but with practice, you’ll catch on quickly. There are
many forums available where you can find further information
and even bookies will be happy to explain it to you.
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