The geek’s guide to sports betting

Sports betting can be tricky, but once you get your head around it, it is not as hard as it seemed at first. Sports betting is extremely popular, and it is a great way to create some extra excitement and fun during a game or a match. In order to make sure you understand online sports betting we have created a little guide for you. 

Sports betting has been existing for a long time, and it doesn’t seem to be going anywhere any time soon. Whether you bet on horses, football games, e-sport or mixed martial arts, it is all about understanding the odds. What are the odds for a specific event to happen or for a specific situation to occur? 

Understanding how to read sports odds 

First of all, you have to understand that odds are just odds. They are indicators and not definitive answer. What are good odds, what are bad odds and what are valuable odds? Don’t worry we will walk you through it. Just to notify you, we are in the following example explaining American odds. 

Okey, let’s say you see these numbers “-150, +230”. Any three-digit number with a + or a – in front of it indicates that these odds are American. The – and the + indicates your possible profit and whether you are betting on an underdog or a favorite. 

Negative numbers shows that you are betting on a favorite, and the number indicates how much you will have to bet in order to win 100 dollars. When the number is positive, on the other hand, you are looking at the numbers showing the underdog. These numbers will show you how much you will win if you bet 100 dollars. 

If this seems too complicated for you, you also have the opportunity to use betting sources. You can for example visit betphilly or other sites that might suit you. 

How to calculate winnings with American odds

Let’s say that team A are the favorites and team B are the underdogs. The odds say “-130, +110”, so in order to win 100 dollars on team A you need to place 130 dollars. If you bet 100 dollars team B you will win 110 dollars. Hopefully this made sense. 

Although this seems fairly simple, you have to remember that the odds are not always correct. The underdog, Team B, can give you 110 dollars, but that does not mean that this is what will happen. You have to remember that betting on sports is an odds game, and that sometimes the underdog wins and sometimes the favorite wins. You can never be completely sure about what will happen, and you should never bet more money than you have. 

Remember that betting is a great way to make the game or match a bit more exciting, but it’s not supposed to cause you financial issues. Keep it light and fun and bet on your favorite and see if the odds are with you.