Sports betting is gaining a lot of momentum these days. In fact, the number of Americans who bet on sports increased from 5% to 12% between January and December 2021, according to a poll.
It could be one of the effects of the pandemic or just a growing interest in what is now one of the most popular forms of gambling in the world.
Now, if you’re one of those who are still exploring the world of sports betting with ทางเข้าw88, here are some of the things that you should know about odds and fixtures:
The different types of bets and your odds
When it comes to sports betting, an odd is simply a betting prediction that’s determined by bookmakers. The rule here is the lower your chances of winning, the bigger your winning potential will be. To get started, you should learn about the different types of bets:
- Moneyline bet. This refers to simply choosing the team that you think will win the match. If you’re right, then you win the best. If you’re wrong, then you lose. In this case, the underdog will have the bigger winning potential while the favorite has the least payout.
- Over/under betting. Also called “totals,” the bookmaker will guess the total score from both teams, and you can bet over or under that number. (Read more about over under total here.)
- Point spread. This concept is similar to moneyline betting, except that the favored team needs to win by a determined minimum number of points to “beat the spread.”
- Parlay bet. This is a combination of wagers that need to win for your bet to win. Your odds will depend on the odds of each individual wager and the total number of wagers that you add to your bet.
The way odds are presented
A fixture simply means a game that is yet to be played. You can choose to place your bets before, while, and after a game, depending on the type of bet that you’re using. Regardless of your choice, here’s how odds are usually presented in sportsbooks:
- American. Here, the odds are listed as three-digit numbers with a (+) or (-) sign to signify if a team is a favorite or underdog.
- Decimal. Winnings will be calculated using this formula: (Wager x The Odds) – Wager.
- Fraction. To know your payoff, you‘ll need to multiply your wager by the fraction.
There’s a lot that you need to learn if you want to get the best odds of winning in sports betting.
In fact, you can’t expect to hit it big overnight because the best players here have spent years learning different strategies and knowing where to put their best bets.
But if you commit yourself to learning this industry, you’ll surely reap the rewards in the future.
