Betting on sports is mainly based on odds. Sports betting odds describe the payout bettors can earn on a winning bet. Odds are provided in three different formats across the globe. The default odds format will mostly rely on the country in which the bet is being made.
The three common formats of sports betting odds are:
· Fractional Odds- Fractional odds state how much profit will be restored from a 1-unit stake as opposed to how much in entirety will be given back from a 1-unit stake.
· Decimal Odds: Decimal odds are also known as Continental Odds or European Odds, and are popular in Europe,
· Money-line Odds- The final kind of odds in common use are American odds. American odds are based on a $100 stake, and tell a positive or negative outcome. If positively written, then these odds tell how much profit one will make on a 100 stake. If negatively written, then American odds tell how much of a stake is needed to make $100 on the bet.
The sports betting, occasionally called point spread when it comes to high-scoring games, is the source of a bettor's bid. Odd makers place odds for bettors to know who is more favored by the public, through betting lines. However, the thing to remember is that a betting line is not forecasting who will win the game. Instead it’s just a guess about which team has greater odds to win for the bettors to know, how much they can bet and how much they will win or lose by the end of the game.
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