Why Football Sports Betting Gives Such Difficult Odds

Reasons Why Football Sports Betting Gives Such Difficult Odds 

Sports betting is a very profitable business especially for those who have experience in sports betting and know the ins and outs of the activity. It involves the placement of bets on the outcome of the matches and games. In some respects, sports betting is similar to online gambling but the major difference is that the odds given in a casino are much favourable than the ones given in sports betting. 

The most important reason why football sports betting gives difficult odds is because betting on football sporting events is considered to be a lot less challenging than the games that you get to play in casino. lets face it, its not as hard as Blackjack since it only involves choosing whether a team is going to win or lose. Another reason why football sports betting have difficult odds is because there are clear favourites available to the gamblers and they can easily predict which team is going to win. One more reason can be because football sports betting is easier to understand and play for the gamblers.  

Types of Sports Betting Odds

For bettors who are new to the concept of sports betting, it might be difficult to understand how the betting odds work. There is more than one method of expressing odds in the sports betting industry. So, if you do not want to lose your money, it is important for you to understand all the types of sports betting odds. The following are the three main types of sports betting odds. If you want to be successful at sports betting, you must understand how the different types of betting odds work. 

American Odds

The American odds are usually the favourite of sportbooks that cater to an American audience. You will find this type of odds slightly confusing in the beginning because they the numbers for the underdog and the favourite work differently. For instance, if you are planning on wagering on a favourite then the American odds will tell you how much you want to wager in order to win $100. For example, if the American odds listed for a favourite are -110, it means that you have to wager $110 to win a prize of $100. On the other hand, if you are planning on wagering on the underdog then the American odds will tell you the amount you are going to win if you wager $100. For example, if the American odds listed for an underdog are +240, it means that you will win $240 if you wager $100 on the underdog. The American odds are also called as money line odds. 

Fractional Odds

The fractional odds are most popular among the sportbooks that cater to a British audience. This type of odds is easier to understand as they are more traditional in nature and are used all over the world in horse racing. For this type, the odds for the favourite and the underdog are represented in terms of fractions instead of numbers. For instance, if you plan on wagering on a favourite the fractional odds would be shown as 1/5, meaning that you will win $1 for wagering $5. On the other hand, if you want to wager on an underdog then the fractional odds would be shown as 5/1, meaning that you will win $5 for wagering $1. If you end up winning the bet in fractional odds then you are going to get back the original wager you had made so winning a wager of $100 at 5/1 is going to earn you a total prize of $500 plus the $100 you originally wagered. The fractional odds are also called as British odds.

Decimal Odds

The decimal odds are most popular in Asia, Canada, Australia and Western Europe. This type of odds is the easiest to understand of all the types of odds and is therefore preferred by the top sportbooks in the world. However, bettors who are used to the American or Fractional odds might find them a little confusing. The decimal odds are expressed in the form of decimals rather than numbers or fractions. All one has to do to find out the amount that they are going to win if their bet comes through is to multiply the wager they had made with the decimal odds that are available on the sports gambling website. For example, if the decimal odds given for any sporting event are 3.00 then you will have to simply multiply the wager that you have made with the decimal odds to know the amount that you have won. So, if you have bet $100 for decimal odds of 3.00 then you will win $300.    

 

 

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