Sports Betting Types ABC
Sports betting types have existed for some time. We are diving a bit deeper into Asia bets, single bets, and multiple bets.
In this article:
- Sports betting odds format
- Live bets
- Best odds Casino
- Cash out bets
- Betslips
- Types of betting
- Specific bets
- Betting on events, political events
- Odds calculator
- FAQs
Sports betting odds
What Sports Betting Odds are outa’there?
Betting in an odd format can be confusing, and most players have their accounts set to one of the major formats available. We are looking into fractional, decimal and American odds. In terms of winnings per bet placed, the outcome is mostly similar. However, knowing the most popular odds formats in sports betting is an advantage.
What is the decimal odds format for betting?
Decimal or European odds are the most popular and user-friendly because their conversion is easy to calculate. They include the total payout, making them easy to understand. Let’s look at examples of decimal odds.
Example A )
FC Chelsea is favourite to win against Reading FC. The odds are against Reading FC with Chealsea to win. A player is placing a bet slip with decimal odds 2.6 for Reading to win. A modest bet of $10 is quickly calculated to return $26, which means a profit of $16.
Example B )
FC Bayern Munich is the underdog against Real Madrid in a tight Game in the Eurpean Champions League. Madrid is expected to win. A player is placing a bet for FC Bayern to win with odds of 1.5 . Placing a $10 bet slip, expecting a modest profit of $5. Total return for this decimal bet are $15