Betting is a popular pastime for sports fans. They are widespread in many countries of the world thanks to online bookmaker companies. In order to successfully bet on sports, it is necessary to study several important factors. One of them is the odds. The amount of your winnings depends on them. Therefore, it is useful for every bettor to know and understand everything in sports betting odds. In this article, you will learn all the necessary information about the types, types, how to calculate and understand the specified quotes.
About types of odds in betting
Depending on which bookmaker company you choose to bet on sports will be different and the odds. For some, they are displayed in a certain style. And some bookmakers allow you to choose the odds option. But still bettors should understand all types. Get acquainted with their description below:
- European. In this format, a bet at odds of 3.35 will bring the player a payout of the same amount;
- American. Widely spread in the countries of North America. The numbers +109, +1350, -120 and -118 are. The positive ones let you know how much money you will make. Negative ones – how much you need to bet on the outcome to make money;
- Indonesian. Here is the same principle as the American ones, only the sum is one conventional unit. To translate the positive odds into the European form, you just need to add to it;
- Malaysian. Negative odds indicate the amount to bet. At -0.918, you have to wager the same amount to get one unit. To translate this odds into the familiar form, you need to divide it by the bet amount and add 1;
- Fractional (British). They encode the ratio of the net profit to the size of the wager. 109/100 means that to get +109, you need 100. 17/20, respectively – you need to bet 20 to get +17.
These are all the basic types of odds you might encounter. In addition to the fact that these numbers encrypt the probability of occurrence of the outcome and hide the margin of the bookie, its main meaning is to convey to the player the amount of winnings when betting on it. Study all kinds of odds and understand how they work.
Where are the best odds?
As you have already understood when choosing a bookmaker one of the most important things is the odds. To understand at what level they are on a particular site for betting is very simple. It is enough to analyze the events that have already happened. There is no point in looking at upcoming matches because the bookmaker can change them at the last moment. Based on the analysis of most companies was compiled a list of sites with the best odds:
| 1xBet | This is one of the most popular international bookmakers, operating since 2007. On the site you will be able to bet on 35+ game disciplines. Each player after registration has access to low average margin, profitable bonus program, convenient payment methods |
| 22bet | The company began accepting bets in 2018. Here it is possible to withdraw winnings without mandatory verification and receive regular deposit bonuses. As well as players have access to simple registration, functional mobile applications, online casino games and live casino |
| Pinnacle | It is one of the most famous low-margin bookmakers. You can bet on 20+ sports and cybersports, as well as political events. The company is loyal to the forked players and professional bettors – it sets high maximum limits and does not block the gaming accounts of unwanted users |
| 1win | This is one of the most popular bookmakers with bets on 30 sports, low average margin of 4-6%, easy registration without verification, as well as convenient payment methods for users. The company offers players a bonus program with a generous 500% bonus on first deposit |
| Pin Up | On this site you can bet on 40 sports with an average margin of 3-5%, watch live video broadcasts, get regular bonuses and participate in promotions. The bookmaker also has online casino, TV-games, tournaments and other gambling entertainments |
| Dafabet | This company has above-average odds on all popular sports. Most players in their positive reviews note the reliability and convenience of the official website. More than 20 disciplines are available for bettors in the sportsbook |
| Parimatch | The company offers a decent selection of bets on both prematch and live events. The bookmaker focuses on 15 major sports. And also dilutes this list with a modest selection of cybersport matches, political events and TV shows |
| Mostbet | Bookmaker tries to regularly delight its customers with new promotions and offers. It was one of the few reliable and well-known. It has a large number of advantages, important for any bettor. Thanks to a good level of odds, you can make bets here as profitable as possible |
| Betwinner | This site has a wide range of options for deposit/withdrawal of funds, a huge selection of events, excellent spreadsheet, Live section is well designed, different registration options, tax-free bets. The bookmaker does not put a high margin on all significant sporting events |
| William Hill | Every bettor here can count on a few nice gifts. The bookmaker company offers a fairly extensive line. It is not limited to the Champions League, and the odds are higher than those of competitors. For example, in play start at 10% |
These are the 10 bookmakers that provide their players with the best odds on all popular events. You can open their website, register and start betting on sports. They are legal and reliable.
Conclusion
As you have understood from this article – the odds are very important. Therefore, every bettor should understand it. Then you can easily calculate their profits on a particular event. Sometimes the money you invest may not be enough to make a profit. And some people do not even know it and knowingly lose their money. To always get a good profit from sports betting you should choose one of the above mentioned websites.