Guide to football odds – Explained

1. What are the football odds? Guide to football odds In sportsbook betting in Singapore, you need to understand the difference between many football odds types. You must be able to read odds and understand what they mean in a sporting event. Moreover, you also need to calculate the potential winnings for different football bets. And once you have a hang of it, betting odds will help you work out how likely the outcomes of the event will happen. It will also help you in calculating your potential winnings. Football Odds Explained: What are the football odds? Before you wager on your favourite team, you must understand how odds work in football. Because if you do not learn how odds work, there is a big chance you will lose funds in the long run. In this article, we will help you learn more about football odds. Oftentimes, football odds are in fraction, decimal, and money lines. What are the football odds? Basics of Football Betting Odds Football betting odds use to show the amount that you will get after winning a bet. So, the higher the odds, then the bigger the payout you will get. Furthermore, the more probable the outcome, the lower the odds will be. That is why most gamblers refer to the odds as a price of a bet.

2. So, if you are going to bet in football, you need to accustom yourself to the fact that there are two types of odds – the odds against and the odds on. Odds Against– it indicates the amount you can potentially take home is larger than the stake you made. So, keep in mind that when you are wagering odds against, your bet is more likely to turn into a losing one. Odds On– it tells that the amount you can win is smaller than the stake you made. Odds on means that you need to run the risk of staking a bigger amount than the amount you might get. Different Football Betting Odds Types Fractional Odds Fractional odds are one of the most commonly used in betting. And it often quotes the net total that you will get if you win. Fractional odds are also known as an even-money equivalent. So, if the numerator is larger than the denominator, this would be considered as odds against. This means that your profit will be larger than the bet you made. But, if the denominator is larger than the numerator, this will be odds on. In other words, your stake will be much bigger than the profit you made. Moneyline Odds Moneyline odds differ between the favourites and underdogs. If you are going to bet in the favourite, it is usually write-down with a “-” sign and indicates the amount you need to wager to win $100. And for underdogs, it is write down with the “+” sign. The positive number represents the amount you would win if you are going to risk $100. It is important to note that the negative sign indicates odds on. Whereas, the positive sign reflects odds against. Decimal Odds Decimal odds are the easiest to understand the type of betting odds. If you will look at decimal odds, the quoted figure will be the exact amount that you will get if ever you win. Decimal odds are also known as the most straightforward format among the three. This is since bettors can get the potential return they made by multiplying the stake they have made by the odds.