The Best Betting Odd Calculation Guide
Despite some countries putting strict restrictions on betting, the industry has developed hugely. 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. The government only allowed gambling and betting in casinos. Casinos are found in restaurants, bars, and cruises. Of late, online betting has attracted many gamblers. 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. The successful gamblers are the ones who make good predictions. The successful sports gamblers make decisions using odds. Odds are represented in fraction or numerals, and they are used in determining the probability of a certain event. The major ways of representing betting odds are European Format, American Format, and UK format. The European format is in decimal forms, UK format is in a fraction, and American format is in money line. In this article, we shall learn on how to read the Spread, Money Line and Over/Under line.
Many gamblers prefer using the Spread since it is simple. The spread is used in representing the favorite team and the disadvantaged team. You either choose the favorite team will win by certain points, or the underdog will lose or win by certain points. Lets say the favorite has -115 (-2) odd and the underdog has +300 (+2), you will win $85 after placing $100 on the favorite. A person who will place 100 on the second team and the outcome favors him/her will make 300 dollars. The win loss calculator will eliminate the confusion you have about calculating odds. The +2 on the first team means that the team must win and win by more than two points. 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 not as complicated as the spread. In the money line, there are no positive and negative numbers placed in brackets. In the money line, the odds for the favorite will be -115 and that one for the underdog will be +300.
Another betting line you should know is under/over. The total number of points must be over or under a specific number. Over 2.5, for example, means that the total number of goals are supposed to be three and over.