In the event that you are thinking about making just a little money from watching your favorite sports, you might consider making a bet. On the other hand, if you really want to be in with a possibility of winning you should take some time in understanding sports betting odds.

Firstly, there are many of different terms that should be considered in any knowledge of sports betting odds. The ‘stake’ will be the amount of money that you are betting; ‘short odds’ mean that the likelihood of the event occurring is high; ‘odds against’ means that the return for winning is more than 2 times the amount of the initial bet placed. Remembering these terms shall take you one step closer to understanding sports betting odds.

When displaying the odds of professional sports, decimal odds or fractional odds are often used. If you want to understand no title sports betting odds in which case you will need to understand these systems. Fractional odds are more popular within the UK, and also are represented in a way that states the total available to the better. As an example, odds of 4/1 (four-to-one) mean that, should they win, the greater will make $400 on a $100 stake.

A more common system for displaying sports betting odds will be the decimal system. These odds are worked out by dividing 100 through the chance that an event has of winning. For instance, an event with a 20% chance would work out at 100 divided by 20, which is 5. In the US odds are given differently again, as a positive or negative number where a number next to a positive states simply how much you will win for a 100 stake, or perhaps a negative means just how much you will need to bet to win 100. Understanding these methods will take you some way in understanding sports betting odds, leaving you with a far better chance of picking the right sides.