It’s quite difficult to figure out which odd you must use on a sports bet, especially for first-time bettors. This is because betting platforms usually display different type of odds. While all of them actually mean the same thing, looking at those different types may be confusing. This article will help you learn them better 😉
Different Types of Betting Odds
In sports betting, there are several types of betting odds. They are US, fractional odds, decimal, and Hong Kong odds. Take a look at all of them and make sure you know what they mean before placing your bet on the table.
Fractional odds
Fractional odds are commonly used in UK and North America. At this format, odds are displayed as fractions. Please remember that the top number represents the amount of profit you will make. For example, if the odds are 3/2, player can make $3 profit for every $2 bet and so on.
US odds
The US odds are the most common odds used in Canada and US. It shows either negative or positive numbers, which value is at least 3 digits bigger than 100. Negative odds are meant for bets that will pay you off less than the even money. For example, you want to win $100. If the odd is displayed as -200, it means you can make profit $100 for every $200 you bet. If the odd is shown as positive number, the betting event will pay you more money than the even money itself. For example, if you bet $100 and the odd is displayed as +150, then you can make $150 profit.
Decimal odds
Decimal odds are commonly used in Europe zone and usually displayed by numbers greater than 1. Basically, it represents the amount of profit for every $1 bet. For example, 1.5 means a player can get 50 cents profit for every $1 bet and so on.
Hong Kong odds
Hong Kong odds are basically the same with decimal odds. However, there is one major difference. Both of them don’t factor in the original sports bet. In other words, if an odd is displayed as 1.00 in Hong Kong format, that means a player can get $1 in reward for every $1 bet. Hong Kong odds are not too difficult to understand. Even if you can’t figure what it means, you can still relax because it is not the most commonly used sports betting odds in the world. Unless you’re planning to join a sports bet in Asia, there is no rush in learning Hong Kong odds.
It is very important to understand different types of odds before you place your bet on sports betting event. At least, it tells you how much money you can win from the event. Just make sure, however, that you will do your best to make that profit comes true. Those odds will be useless unless you can turn them into real money using your skills and experience.
Written by Matan.