If you are willing to bet some money on an outcome of a Badminton match, you first need to learn the essential thing in betting – odds. What are they? What do they represent? The rest will cover everything you need to know about the odds.
What Are Odds?
In every type of betting, there are odds; odds are essentially just the numbers that tell you how likely something will happen. Odds are by the bookmakers who analyze every game. There are three types of odds. This article will cover all three and help you understand them.
British – Fractional Odds
British odds can be tough to understand, don’t worry; we are here to explain it. Their odds are fictions, like 6/1 or 14/2 and such. So let’s take, for example, 6/1; for every dollar you put on a bet, you stand to gain six dollars if you win. If you place, for example, $20 on 6/1, you can win $120. Let’s give another example of this in a badminton game:
- Team A: 13/5
- Team B: 7/1
Keep in mind these are just for explanation and not actual odds. So, if you bet $10 on Team A, you can win $26; if you bet the same amount on Team B, you stand to win $70.
European – Decimal Odds
European decimals are the easiest to understand, as you only multiply your stake and the odds. It is easiest to explain by an example. So, you play Team A to win at 2.00 odds, which means you will double your money. It can get trickier when it’s different from one game you are betting on. The calculation goes like this:
Multiply each odd, so if you have three games with 2.00 odds, it’s 2x2x2 equals 8.00 odds which means on a $10 wager, you can win $80. If the odds you bet on are less than 2.00, for example, 1.50, and you bet $10, you will get $15 if you win. Odds are rarely this; usually, it will be something unusual like 1.35, 2,46, 5,30. The key is only to multiply each one.
American – Money Line Odds
American odds can be difficult for many people to understand, but we are here to explain everything, so let’s go. It works by – and +:
– (Minus): This indicates the amount you need to bet to win $100.
+ (Plus): This indicates the amount won for every $100 you bet.
Let’s give an example, as many people would understand it easier. If you are betting on a winning team with +585 odds, you need to bet $100 to win $585, which has about a 15% chance of happening. If you bet for a team with -760 odds, you will need to bet $760 to win $100; of course, you will win $760+$100=$860, not only a $100.
Closing Thoughts
We are sure we helped you understand the odds; this new knowledge will help you bet online on any odds. Remember to bet witty, and only with money can you afford to lose. Also, only believe people who tell you they can guarantee winnings, as it is always a scam.
