If you’re a first-time user of sportsbooks and you’re not familiar with different types of sports betting odds, chances are, you will find yourself confused if you see odds displayed in different formats. It's not enough that you keep track of live scores and previous matches. You also need to know what type of odds you will use. This article will guide you in identifying odds while you’re betting online.
American odds are commonly used in betting sites in the United States. It’ sometimes called known as Moneyline Odds. odds in this format usually display the favoured team in (-) sign, while the underdog is (+) sign. If you see a PK sign near the teams, it means that neither team is the underdog or the favourite.
Example: - 200
Fractional Odds are also known as British odds, UK odds, or Traditional odds. This odd format is used in the UK and is often used in Horse Racing. Fractional odds are one of the oldest types of format in sports gambling.
Decimal odds are well-known in Europe, Australia, and Canada. Most sports betting site display their odds in this format. With this type of odds, the figure displayed is the exact amount that will be given if the bettor wins. This format is equivalent to the decimal value of the fractional odds, plus one.
In conclusion, it’s always important to be knowledgeable about sports betting odds when you’re betting on matches. Lack of information on this area can result in big losses. So if you’re a first-time punter, try reading more on odds and understand how they work. More knowledge about odds will help you in making informed bets that will result in bigger payouts.