Any kind of betting is a fun activity which can earn you high profits and is also highly entertaining because of its thrill quotient. Betting today has become immensely popular as it is an easy way of making money. The genre of online betting has opened new and profitable avenues for betters. Online betting has provided numerous advantages over the traditional way of offline betting. However, there is also a considerable amount of risk involved in any betting activity. In order to prevent such hazards, you need to be very cautious and should know some betting odds formats and should have a good knowledge about the market scenario.
Having a thorough knowledge of different betting odds formats bookmakers will enable you to compare odds across providers irrespective of the format. In this way, you can find out which offer gives you the best value. Bookmakers offer a number of different odds formats all of which have the same probability. Only the presentation of the formats differ. There are certain factors like familiarity, nationality, the bookmaker/exchange used or the sport which determines which odd format is to be preferred.
A complete understanding of the odds format will help you to calculate your payout. In this scenario, you can compare the odds on offer across bookmakers. It is crucial to understand how to convert betting odds and to know them well. Have a look at the various kinds of odds format:
- Fractional odds:
These ones are by far the most common type of odds format. UK betting fans mostly encounter fractional odds. They are the genuine odds format in the UK and are highly popular due to its vintage value. In fractional odds, the number on the top is called the numerator and the number at the bottom or right of the odds is the denominator. The numerator indicates the profit that you will eventually make on your bet. The profit margin calculation is based on a stake equal to the denominator.
- Decimal odds:
They are sometimes also referred as European odds. It is popular among bookies as it is simple to understand. As compared to fraction odds, decimal odds only reflect your returns. It is calculated to two decimal places.
- American odds:
Are occasionally referred to as money line odds. American odds use two options, depending on whether the odds are evens or higher or beneath evens, which are also called odds-on. If the odds are odds-against then are written with a plus (+) symbol followed by a number. This indicates the profit the punter would receive on a winning bet. For odds priced lower than evens a minus (-) symbol is used
Amidst numerous betting sites that are available in the market these days, Betting Offers today is an online betting platform based in U.K which you can trust. Betting today needs a careful assertion of all offers and this site will help you with a transparent system. It is an immensely popular site with a lot of betting offers. You can have a look at the various sports betting offers they have and then invest to gain optimum profits.