It’s quite hard trying to figure out if the odds for a given game are fair or attractive. It’s even harder once you work out a way to read the odds in the first place. There are alternate ways of writing sports odds. Even though the meaning is identical, it can be confusing. Let us take a glance at the most common sports odds mentioned by the gambling experts:
Different Types Of Sport Odds
This is one of the easy to understand wager. Though fractional bets are most common in the United Kingdom, it is often used in North America as well. These odds are paid in fractions which means if the odds are 5/3 then for every three dollars you bet on the game you would make a profit of five dollars. At 4/1 you would make four dollars for every dollar you bet, and so on.
You will experience these kind of odds when you are betting mostly in continental Europe. Decimals odds of 4.50 derives 50 cents for every four dollar. It is identical with fractional odds of ½ and U.S. odds of -200. Even though decimal odds are most commonly listed with two decimals places, they can be expressed with more than that in some cases.
Hong Kong odds
These are similar to decimal odds, except that they don’t factor in the original bet which means that Hong Kong odds of 1.00 are fundamentally even money which implies you get one dollar back for every dollar you bet. In previous types of odds, fractional odds of ½, U.S. odds of -200, decimal odds of 1.50, and Hong Kong odds of 0.5 are all the same thing, and so are 3/2, +150, 2.50 and 1.50 respectively. Hong Kong odds are easy to understand, but if you can’t get hold of it don't worry unless you heed to Asia.
A way in which sports bets are offered is termed over-under. Again, this kind of bet can only be offered when scores are kept within the game being played. In such cases, the gambler can punt the overall number of points scored by both the teams no matter which team scores what proportion
Aside from the most important sports bets, gamblers can even punt individual phases of the sport like which player will score how many points at which phase of the game, the list is practically endless.