Do you like gambling? If so, have you won many times and loads of cash? If not, then you might want to consider quiting. Or get yourself involved in sports betting. Sports betting is the process of betting money on many popular sporting events. Instead of gambling in Casinos or any illegal gambling games there are, why not go for sports betting odds? Depending on which country you live in, sports betting can either be legal or illegal. If you find out, or already know that sports betting is legal in your place, then you really must try sports betting.
But before you place your bets on your favorite team or athlete, you must first understand sports betting odds. Understanding sports betting odds is obviously very critical in any sports betting event. The odds decide whether the team or the athlete you want to bet on is the favorite or the underdog. This then defines the amount of money that you’ll win or whenever you choose the right bet. So if you have not understand sports betting odds, then you better read on.
In the real world, odds are simply the chance of an event from occurring. Chances are usually expressed in percentage. If you would toss a coin, there is a 50% chance that it would land on heads and a 50% chance that it would land on tails. If you roll a six-sided dice, there is a 1/6 or 16.66% chance that the number that you want to see would appear. When every possible outcome is summed up, it would result to a 100%.
In sports betting, odds are expressed in a different manner than chances. The bookmakers make this odds to show the chances of a wanted outcome to happen. There are three ways to express sports betting odds. One is the decimal odds which is widely used in Europe expect in UK. UK uses fractional odds. In the US, where sports betting is almost illegal in every state, they use their own US odds.
To convert the percentage chances to decimal odds, you simply use this formula:
decimal odds = 100/ %chance
If there is a 25% chance that a boxer can win a match, then 100/20 = 4. 4 is the decimal odd of the boxer winning the match. If you would bet on that boxer, and the boxer won it, then you will receive £4 for every £1 that you used on the bet. If you bet £20, then you will win £80.
Using the same example, the fractional odd would be 3/1. It would mean that for every one time you win, you will lose three times. For every £1 you bet, you will also win £3. In addition, you will also get back the £1 that you used to bet.
If you would us US odds, or money line odds, then a 4 decimal odd or a 3/1 odd would be equivalent to +300US. Money line odds are divided to positive and negative. The negative odds would mean that there is a bigger money at stake to win 100 units. Positive money odds represents the money that you will win if you bet 100 units.
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6:54 am on October 8th, 2009
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6:54 am on October 8th, 2009
Really?
I doubt it…
6:54 am on October 8th, 2009
FREE MONEY. this site gives you 10 cents to gamble with (on sports events) and you can build up your money to thousands of dollars. ITS TOTALLY FREE and you can NEVER LOSE. theyll send you a check in the mail for the amount youve won! they make their money off of ads, so this isnt a scam. if you run out of money, they let you refill INSTANTLY!! honestly, this isnt gambling bc you cant lose money, only GAIN!!! Click my name and hit the URL below my website section.
6:54 am on October 8th, 2009
The guy that was featured in VEGAS newspapers, is COLLEGEGURU , this guy is 28-3 he is hitting 81% NBA&CBB unreal..guys email him and get his plays he makes more money for everyone then the stockmarket-vegas is scared of him and move there lines when he post his plays
COLLEGEGURUSPLAYS @ GMAIL . COM
6:54 am on October 8th, 2009
for a free sports betting go to my sire
6:54 am on October 8th, 2009
good picks dude check out mine and my vids! subscirbe!
6:54 am on October 8th, 2009
ahahahah ! i actually laughed so hard at that.. =P ahahahaha Sh-dang!.. xD
6:54 am on October 8th, 2009
hi bye hi
6:54 am on October 8th, 2009
I prefer the over/under total player rushing yardage.
6:54 am on October 8th, 2009
excellent betting system!!
6:54 am on October 8th, 2009
Thanks buddy… this system is really helpful and come in the right time
6:54 am on October 8th, 2009
my wealth of fortune will start from this betting system
6:54 am on October 8th, 2009
GREAT! I have few hundreds to invest… and use the money to grow my investment
6:54 am on October 8th, 2009
How many jets do you think will fly over raymond james? line is 3 1/2 is there a way we can call the air force and ask them. If anybody finds out let me know plz. As far as coin toss I don’t like it cause it’s 50 50 and I’d rather count on my skills at least make it 60 40
6:54 am on October 8th, 2009
I won 300 on todays game I took the props with the spread got everything right except 1 12 team parlay that I still can’t fall asleep thinking about it. I’m not gonna mention all 10 props I got right but the 2 I missed where westbrooks first carry under 3.5 yeards he got 4, and no tds by special teams or defense in both games but palumalu screwed me. $5 WOULD’VE MADE ME $22,000 don’t ask me why that much.
6:54 am on October 8th, 2009
let me check it out! Hope it will really work out
6:54 am on October 8th, 2009
you must be doing good with this betting system… how much investment i need?
6:54 am on October 8th, 2009
just read through the techniques used in the sports betting system! real cool!
6:54 am on October 8th, 2009
you are the best… thanks for sharing it
6:54 am on October 8th, 2009
FYI, Sports and gambling places pay BIG money to the mathematicians and statisticians to ensure the house has the odds in all circumstances.
Outside of luck, your best bet (literally) is not to play.
6:54 am on October 8th, 2009
It depends where you are located. If for example you are in the U.S. the law makes it illegal for banking institutions to be used for gambling purposes. Thus, if an online sportsbook does take U.S. customers than the number of withdrawal options will be limited and in some cases, it may take a long time for you to receive your withdrawal.
Recently, many bookmakers that cater to U.S. customers have had delays going as long as 3 months before a U.S customer could receive his withdrawal.
If you are located outside of the U.S., like in the U.K., Canada, Australia or other countries where it is legal to bet on sports online, most sportsbooks can get you your money in a fast and efficient manner.
Thus, sportsbooks that cater to the U.S. that have a good reputation are:
http://www.betjamaica.com
http://www.5dimes.com
http://www.betus.com – This one has mixed reviews but I have never had any problems with them and they offer large bonuses.
If you are located outside of the U.S. here is a short list that I use:
http://www.xsbet.com
http://www.pinnaclesports.com
http://www.willhill.com
6:54 am on October 8th, 2009
If you have a checking account and no credit card, then the best site for you is http://gamblingreviewssite.com/betED.php They are very reputable and accept eChecks that are instant and have zero fees. You can also get your payouts the same way, also with no fees. They are very easy to use and extremely reputable and safe. You will find a review of their site at http://GamblingReviewsSite.com Good luck!
PS
Take Indy -17 this weekend!
6:54 am on October 8th, 2009
Try this one.
6:54 am on October 8th, 2009
I usually compare odds on this website http://www.uwantabet.com I tell you it helped me a lot specially in comparing odds. With this website i have all the odds against my opponent.
6:54 am on October 8th, 2009
Your best advice is to move out of country if you are indeed serious about starting a sports betting website. Although there are plenty of offshore sites dedicated to US residents, it's illegal to house one here.
6:54 am on October 8th, 2009
Get in touch with your local mob boss and tell them you want to start a betting business. If they let you survive for trying to cut into their business you're good. Next, find some big muscle-bound-small-brained person to be your muscle. Hang out in the local bar wearing a cheap fedora and start putting the word out that you're looking to start taking bets.
6:54 am on October 8th, 2009
There isn't much out there if you are looking for free betting advice.
You should check out: PickOtheDay.wordpress.com.
Its a free blog that just got relaunched that puts out a few free picks every day.
6:54 am on October 8th, 2009
None of them will accept the AMEX gift card…MasterCard and VISA only. You can use your checking account and use eCheck at a few sites as well. More info at the link below.