The Best Betting Odd Calculation Guide
Betting has taken the world by a storm although some countries have not yet authorized betting. The high percentage of the population which participate in betting is the youth. Betting is the act of placing an amount of money on a certain event with the aim of making more money. Betting and gambling was initially done in the casinos. Casinos are found in restaurants, bars, and cruises. The internet has simplified betting. You only need to create an account with a betting company or bookmaker, deposit some cash and place a bet. After a successful prediction, the bookmarker will deposit you win to your account, and then you can decide to make a withdrawal or place another bet. You need to make perfect decisions to earn money from sports betting. You must look at the odds to make a good decision. The odds are in numerical or fraction form, and they represent the probability of occurrence of an event. UK format, American format, and the European format are the major ways or presenting odds. In European format, odds are in decimals, while in American format money line is used and in UK format, fractions are used. If you want to learn how to read Over/Under, Money Line and Spread, please read the following.
In sports betting, the spread is more common. The spread will enable you to identify the underdog and the favorite. You either choose the favorite team will win by certain points, or the underdog will lose or win by certain points. For instance, if the first team has an odd of -115 (-2) and the second team has an odd of +300 (+2), and you place 100 dollars on the first team, you will win $85. If you place $100 on the underdog, you will make $300 since there was less likelihood of the underdog to win. Once you use the win loss calculator, you will understand odds better. Since the first team has +2, it should win by points which are exceeding two. If you place your money on the second team, the team is supposed to win by points which are less than 2.
Money line is another thing you need to know about the odds. The money line is the simplest. The money line only has the odds and no negative and positive numbers in brackets. In the example above, the money line will be -115 on the first team and +300 on the second team.
Another betting line you should know is under/over. In under/over, you predict either the total points will be over or under a certain number. For instance in under/over 2.5 in soccer, you predict if the total number of goals will be more than 2.5 or less than 2.5.