If you want to try your hand at betting, whether just for fun or professionally, one of the most salient aspects of this game that you just cannot ignore is the betting odds. To make your mark in the betting industry, you have to understand these numbers known as betting odds. These simple looking numbers decide your fate in betting, so you should be able to understand them and you should know the ways of utilising them to your advantage. If you don’t understand them, it’s literally like throwing away your hard earned money in these betting clubs. Of course you can win a few games by using the trial and error approach, but you will lose much more than you actually win.
Fortunately, understanding these betting odds is not rocket science. You just need to understand two main types in detail. Just by looking at them you can guess their purpose. Wherever you play and on whichever sport you are placing bets on, you should know how to switch between these three main types of odds formats. When you understand these odds you will be in a good position to…
- Compare bets
- Correctrly place bets
- Leave the venue with a substantial amount of money in your pockets
Now, let’s have a look at these two main types of betting odds…
These are one of the most popular betting odds among punters these days. You can find decimal odds with almost every bookmaker anywhere in the world. Also understanding these odds is pretty simple. You can easily estimate the money that you will win by looking at the payout for 1 unit stake. The value of 1 unit is dependent on your bet, it can be £1, £20 or even £100. You have to check the exact value of 1 unit by consulting the odds available, which go as far as two decimal places. One thing you should remember is that returns on decimal bets also include the stake unit as well. For instance, if you place a bet of £10 with decimal odds of 4.00, it will return you £40 which will also include £10 of the unit stake with £30 profit.
This is also a common type of odds that punters use for betting all over the world. These types of odds are particularly popular with UK bookmakers. Furthermore, fractional odds are somewhat similar to the decimal odds in the way they are also figured from the unit stake. However, difference lies with the meaning of these odds. When you look at the Fractional odds, you will get an exact idea about your profits unlike the total amount you will win, which is the case with decimal odds. These odds tell the bettors how much profits they can achieve from betting on a single unit stake. For instance, if you stumble upon the fractional odds of 2/1, you will win double the amount on a unit stake. Similarly, in case of 5/1, you will earn five times the amount on 1 unit stake. For example, if you had placed bets on the advice I gave to members of Exclusive Punters Club on Tues 2nd October 1530 Wolverhampton: Solar Deity 4/1, you would have paid four times per unit stake on winning and similarly my advice to members on Thurs 11th October 1620 Exeter: Pericoloso 8/1, you would have won eight times per unit stake.
Exclusive Punters Club