Online bonus138 bookmakers, bookies, punters and other gamblers are always surrounded by only one thing and that is betting opportunities. The odds of the world of betting everywhere can be seen on booking coupons and on online booking sites. But what are these booking opportunities and why do bookies and punters worry about them? Well, an odd order is a number that tells a person how much can be won on a given bet. Higher odds mean less chance of winning. Online bookers are generally concerned with three types of betting opportunities. Bookmakers offer odds depending on the market they are targeting and the odds can be decimal, British or American. Most online bookmakers allow punters to choose their own odds as well as the format.
Let’s take a look at each of the three types of betting odds demo slots one by one.
1.) Decimal odds: This is the most common and popular format. Odds in this format represent the number of units the bookmaker is prepared to pay for each unit wagered. Odds are presented in either 2 decimal or 3 decimal formats. The example given below will explain things a little more clearly:
You place a $200 bet on the match with Arsenal against Chelsea and the odds on the football bet are 1.50. So, the payout is $200 X 1.50 = $300. So you will make a profit of $100 (300-200). Almost child’s game to count isn’t it. This is the reason why this format is the most popular.
2.) UK odds: UK betting odds represent the profit you can make if you win a certain bet. UK bookmakers prefer to use this format because they find it very easy to convert it to decimal odds. Conversion from UK odds to decimal odds is done by adding 1.
For example, you have placed $200 on Liverpool’s match against Manchester United and the odds are placed at 4/5. So the payout is $200 X (1 + 4/5) = $360. Therefore, you make a profit of $160.
3.) American Odds: American odds betting is very different from the other two formats as it consists of two different types of odds viz. positive (200) and negative (-200). This odd is specifically used in America and not very popular in European Football betting.
Knowing about the three types of odds above will help you understand the odds in a better way and you can place your bets in a wise manner.