How do Sports Betting Odds Work?

Sports betting has always been an integral part of online gambling. With the right knowledge, you can place bets on national and international leagues across a variety of sports, there is potential to maximise your chances of walking away with a won bet.

If you’re new to sports betting or looking to discover betting strategies, you’ve definitely come to the right place because on this page, you’ll find in-depth knowledge covering a range of topics, including the different types of bets to place in an array of different sports, sports bonuses, detailed betting guides, and bankroll management, to name a few.

American Odds

Most popular in the US online casinos, these odds are known as ‘Moneyline Odds' and work differently for favourites and underdogs. For favourites, the odds work by showing the amount of money required to bet to win $100. Whereas, for underdogs, the positive number indicates the potential winning amount if you risk $100.

Fractional Odds

Fractional odds are mostly used in the UK and were traditionally used in horse racing. These fractional odds showcase the amount to be won compared with the amount wagered.

Decimal Odds

Mostly used in Europe, Australia and Canada, the decimal odds indicate the actual amount which will be paid out on a won bet. Decimal values are commonly used to represent the margins for over/under bets and are set at 0.5 intervals. They can be changed according to the situation to more than 1.5 goals, 3.5 goals, 0.5 goals, and others according to the situation.

Nowadays, more online sportsbooks will provide you with the option to change between American, Fractional and Decimal odds.

Best Sports to Bet On

Knowing which sport to bet on is half the job since it requires you to have prior knowledge about the rules and regulations and the general workings of the sport. If you bet on a sport you've been following for a long time, chances are you'll make more correct predictions about the said sport as compared to a sport that you don't know much about. That being said, here is a list of the best sports which you can bet on:

American Football Betting

American Football is just known as Football in the US and Canada, and this beloved sport is one of the most popular in North America. Players aim to bring the football past the opposite team’s defence into the end zone with hundreds of pro and amateur teams. It’s a high-octane sport that is often considered similar to Rugby.