Types,Football,Betting,Odds,Mi sports Types of Football Betting Odds
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Millions of people want to do football betting But only 5% of them succeed to win at it. If you want to try football betting, whether it is just for recreation or a steady source of income, there is one important aspect that you should know by heart and that is football betting odds. The numbers that you see beside the name of the football teams are actually odds. In order to be successful at betting, you need to be able to understand odds and know how to use them to your best advantage. If you fail to understand it then you are literally just throwing away your money. You may win a few bets here and there but you are bound to lose a lot of your bets if you do not understand odds. To have a better understanding of odds, you need to know its various types. There are three types of football betting odds.1. Fractional odds. Football odds in fractional format are the ones used by bookmakers in the UK. Fractional odds are based on 1 unit of stake. When you are making your bet and look at the fractional type of football odds then you will be able to determine the amount of profit that you will earn by making 1 unit of stake. The fractional format does not state the total winnings for each unit of stake but just the profit from the bet. 2. Decimal odds. Decimal format odds are widely used by bookmakers all over the world. This type of football betting odds is simple and easy to understand. By reading decimal football odds, you will be able to determine the total amount of money that you will gain from making a 1 unit bet. The unit of stake may differ and can signify either, ten or one hundred. To be sure about the unit of stake, it is best to ask the bookmaker first before making your bet. Commonly, decimal football odds are adjusted to two decimal places to make it more accurate.3. American odds. The American odds are also called as money lines. This type of football odds has a basis of 100 stake. By reading the American odds for your football betting, you will be able to determine a negative or positive result. If the American odds is positive then you can determine the amount of profit you will earn on your 100 stake. If the football betting odds is negative then you can determine the amount of stake that you need to be able to earn 100 on your bet.Knowing about football betting odds and using them for your advantage is the key to your betting success. And now that you know that different types of odds, you can now look for odds offer by sports sites around the internet, compare them and take notes. In this way you can formulate your own odds that will help you win all your bets. Article Tags: Football Betting Odds, Football Betting, Betting Odds, Football Odds, American Odds
Types,Football,Betting,Odds,Mi