Sports Betting Odds – Full Guide 2022

If you do not have any experience in learning the odds, you will not be successful in sports betting. Betting is not just about putting a tremendous amount of money on the line. In sports betting, the amount of money that you will win will be calculated by combining the stake and the relevant odds.

What are betting odds?

Odds are mandatory factors of sports betting for multiple reasons. They help the bettors know the chances of winning the wager. During a bet, once the bookmaker offers a bet, it will give you a clear estimation of your winning reward. People are more likely to bet on definite chances so that they can win even if the bet is giving them a small amount of money. For instance, if you compare the world’s strongest wrestler to the wrestler that comes at number 200, who will have more chances of winning? Obviously, the number one bet will increase the number of bets on him as well.

Types of sports betting odds

The betting formats of different games are distinctive as well. That is why there are different kinds of betting odds. It is also necessary to understand each one of them as they all have some similar factors that will help you in betting. Expressing those odds can be different, which is the real difference between them. There are three types of odds that you will find in sports betting which you can find below.

• Fractional odds
• Moneyline odds
• Decimal odds

Fractional Odds

Fractional odds are the types of betting odds in which the calculation of potential profit and the actual payout is a bit complex. It helps the bettors in telling them about the profit that they can expect from a bet. In order to get a perfect calculation, you must add the original stake into the eventual wagered amount before your payout.

Moneyline Odds

Moneyline odds are also known as American odds. That is because they are the types of formats that are mostly used in the USA. They can be displayed in both positive and negative formats depending upon the ups and downs of the market.

Decimal Odds

Decimal odds are formats of using a single positive number and displaying it with the help of two decimal places. Canadians, Australians, and European betters, all considered Moneyline odds before the development of decimal odds. These formats are accurate in showcasing the original steak and total payout of a single stake.

Rules of betting on different sports

Every sport has different rules and regulations which is why betting on them is different as well. But there are some general rules that are mutual for every game. Make sure that if you are betting on the lines that contain errors, the bet will become null. Similarly, you cannot place a bet on a started game otherwise it will become void.

Basketball rules

• Bets will be void if the basketball game lies behind the official time of the game.
• In the second half of the game, the overtime scores will be included in the bet. Whereas overtime scores do not include after the fourth quarter.
• The game will be official for betting after forty-three minutes.

Soccer rules

• The bets in soccer are dependent on the result of full-time.
• Penalties shoot-outs and extra-time wagers will be void.
• The extra time that has been added to the game due to injuries will be valid.
• Wagers will be null if the referee calls the match off.

Hockey rules

• A hockey game will be open for betting purposes only after fifty-five minutes of the play. Whether it is an official or college game, the betting rules will be the same for all.

Baseball rules

• The baseball game will be official for betting after the 4 ½ innings of the game if the home team is winning.
• If the visiting team is winning, then the betting will start after 5 innings.
• After the last full inning score, the winning team will get the winning bets if the match has been abandoned for any purpose.
• On Moneyline bets, the bets will be nullified if the result of the match is a tie.
• The bet will also be placed on the scores that have come at the end of the first inning based on Yes or No questions.

MLB Double Header rules

• If any game gets canceled from the double game due to any reason, the bets will remain valid on that game and the other will become void.
• Run lines, Alternative run lines, game total, team total, and super run line will become valid if the double game has been played for 7 innings.

The Summary of Sports Betting Odds

Prepare yourself by learning the betting odds and rules of different sports so that you can increase the chances of winning. But you must know that all kinds of betting odds are the same when it comes to payout. You just need to understand their technicalities to know which one can bring more profit to you.