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Types of betting odds ?
Posted: 25 January 2013 11:21 AM   [ Ignore ]
Total Posts:  4
Joined  2013-01-17

How many types of betting odds are used and which is simple. I got confused every time in betting odds.

Posted: 25 January 2013 11:38 AM   [ Ignore ]   [ # 1 ]
Total Posts:  25
Joined  2012-12-27

Betting is good technique of earning money and it depend upon the mind game.  Odds are pretty different things but easy to understand.
There are three types of odd format :-
1. Fractional odds :- Its fraction based odds in which 1/1 means (bet £1 to win £2, a £1 profit)
2. Decimal Odds :- Decimal is also little-bit different and can be confusing but it’s simple such as 3.0 means in Fractional odds as 2/1. A 10/1 wager is reflected in decimals as odds of 11.0.
3. American Odds :- It is like or based on money-lines and point spreads and they tend to use a +/- system. for example bet is expressed as +100. If you are taking odds of 10/1 or 11.0, they are reflected in American odds as +1000.

Its simple, so if you need full detail then you’ll use this link to improve your betting skills. http://bettingchoice.co.uk/bookmakers/william-hill

Posted: 25 January 2013 11:51 AM   [ Ignore ]   [ # 2 ]
The Midnight Skulker
Sr. Member
Total Posts:  1398
Joined  2010-01-28

Without a reference, like a particular game (e.g. craps, slots, roulette) or venue (e.g. sports betting) I can think of only one area where there might be some confusion: the difference between x to 1 and x for 1 payoffs.  In both cases the player is paid “x” units.  The difference is that in the “to” case the player keeps the original bet (and therefore ends up with x+1 units) whereas in the “for” case the house keeps the original bet (and the player therefore ends up with x units).

Roulette is a perfect example of the “to” case.  Win a bet on a dozen and the dealer will pay you twice your bet while leaving that bet on the table.

Slots are a perfect example of the “for” case.  The machine subtracts the number of credits you bet from your total.  Suppose you are playing 9/6 video poker, bet 1 unit, and get a full house.  The machine will add 9 credits to your total.  You actually won only 8 units; the ninth is what you had to pay to play.


My name is Skulker Luis de Midnight.
You killed my bankroll.
Prepare to die.

Posted: 22 November 2013 12:58 AM   [ Ignore ]   [ # 3 ]
Total Posts:  1
Joined  2013-11-22

Thanks for sharing useful information.

Posted: 23 January 2014 10:49 AM   [ Ignore ]   [ # 4 ]
Total Posts:  1
Joined  2014-01-23

Betting odds means the probabality of some event to happen and to determine how much money you can win. Odds is the most important and most difficult concept to understand in case of Sports betting. Three basic types of betting odds are the Decimal, Fractional and American odds. Of these three types of betting odds decimal odds are the simplest and it represents how much money will you get after winning. You can now get live odds on many sports betting sites.