Different types of odds in sports betting may confuse a newcomer, as it’s difficult to understand whether they are fair and how all these numbers relate. There are four most commonly used types: fractional odds, decimal odds, US odds and Hong Kong odds.
If you know these, it doesn’t matter what type is used on the service, but the service itself does. Using an online sportsbook like SBOBET would be beneficial, as its upgraded betting system makes it one of the best sports betting sites. It offers a wide variety of sports gambling activities using Hong Kong odds, including football and basketball betting.
As the name of the type says, the odds are shown to users as fractions that show your profit from the bet. For example, if it’s 3/2, it means you’ll get $3 of profit for every $2 you give. The first number shows only your profit, which means that if you bet $2 and win, with a standard 3/2 bet you’ll receive $5.
This type is presented in numbers that are greater than one and show how much you’ll receive for every $1 including this dollar. For example, 1.50 means you’ll get 50 cents for every dollar you bet. Odds of 2.00 will be even money, and 2.50 will be equal to fractional 3/2.
If the odds you see on the sports betting site are expressed in positive and negative numbers greater than 100, these are US odds. Negative numbers are used for the odds less than even – -200 means you have to bet $200 to win $100. Positive are used vice versa – if you see +150, it means you’ll get $150 for every $100 of your bet.
Hong Kong Odds
These look like decimal odds, but they don’t include your $1 bet. Thus, odds of 1.00 are even and 2.00 mean you’ll double your money. To compare, -200 of US odds will be represented as 0.5 in Hong Kong odds.
All the types aren’t difficult to understand and get used to, still this knowledge is very useful if you aim to be a professional sports bettor.