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Odds can be displayed in mainly 3 different ways
This is the most common way to display odds in Europe except UK, which tends to use Fractional Odds.
The decimal odds can be multiplied with the stake to immediately get your return. Your return includes your stake, so it is not you actual winning.
Your winning is your return minus your stake: 18 (Return)-10 (Stake)=8 (Your winnings)
Fractional odds are mostly used in UK and Australia. Here the odds is displayed as a fraction, 4/5 which equals 1.8 in decimal. If you multiply your stake with the fraction, you will get your winnings.
Your return is your winning plus your stake: 8 (Winnings)+10 (Stake)=8 (Your Return)
In the US they use the American way of displaying odds, which means how much you have to bet to win 100. If there is a plus sign infront of the odds, then it is how much you will win on 100 bet.
In the example above:
Here the odds -125 means you need to bet 12.5 to win 10, so to win 8, we need to bet 10.
Odds are mainly divided into:
In normal odds we include what we mainly bet here in Europe. Here you can bet on often 3-outcomes as football and ice hockey have draw at full time. If there is no draw, then it is just plan odds for winner
Three Way Betting
This can be similar to above, i.e. that you have 3-outcomes, which includes draw or it can be with a with a handicap, so that favourite team might have -1, which means that they have to win by 2 goals, as 1 goal win would result in a draw. The underdog that has +1, will win with a draw or straight up win.
Asian Handicap originated in Asia and here you have basically win or loose or the bet can be voided. If you bet on a team that has -1.0, then if you team win wins by 1 goal the bet is void, if they draw you loose, if they win by 2 or more you win.
Spread is the main odds for American sports, either named Run Line (MLB), Puck Line (NHL) or Spread Line (NFL, NBA).
Spread Line-here the favourite team has a negative spread, which needs to be overcome for the bet to win. If your team has -7.5 as the spread line, then they need to win by 8 points for you to win. Spread lines keep moving depending on new information that might come out regarding injuries etc and how much is bet on each side. The spread line should represent the line where both sides generate an equal amount of bets.
This is the normal in American sports for straight up which team will win, with only 2-outcomes available. This bet is after any over time.
These are straight up who will win or if there will be a draw. If the game ends as per your selection you chose, then you win
This is a very popular bet both in football, as well as in American Sports. In football the normal is over/under 2.5 goals. So if you believe in 3 goals or above you bet over and if you believe in few goals, under 2 goals you bet under.
In Ice Hockey it tends to be 5.5 goals.
For NBA, MLB and NFL it will vary depending on the teams.
You can also find alternative over/under lines and half time lines.
This can a lot of time be easier than finding a winner, if you know the teams e.g. score a lot of goals and there defence is bad.
For Live Betting, over 0.5 first half tends to be very popular.
Both Teams to Score
Is another very popular bet, especially if you have 2 very good teams and it might be difficult to pick a winner. Then this could be a good way to bet.
You can also choose BTTS in first or second half or both halves.
Results/Both Teams to Score
This is a combination, where you have to both pick the winning selection as well as if both teams will score. The odds here tend to be very good.
If you can't select the winner, but still think both teams will score, you can choose:
Both Teams to score/Over/Under
Here you just select if you believe both will score and if you think it will be more than 2.5 goals in the match.
For NBA and NFL, where the spreads can be big, it might be worth betting on alternative spreads at a lower offered odds, but a likelier outcome.