In sports betting, you can win a lot of money by wagering big on your predicted sports results in Major League Baseball (MLB), National Football League (NFL), National Basketball Association (NBA) and many more forms of sports. Just as you can win a lot of money from it, you may also lose a fortune if you are not wise enough to bet on winners. Since only a single state (Nevada) in the United States allow sports betting, bettors of this game has started doing their sports betting via the internet. Online sports betting is not within the jurisdiction of the United States’ government since the headquarters of the companies involved in this online casino games are outside the U.S. territory.
Sports betting is done for fun by many to make their watching more exciting. Some are just showing their love and loyalty for a certain team. However, for those who bet on sports teams to make money are the most successful in this line of betting. It is sue to the fact that it is this type of bettors that truly study the sports betting odds and makes use of systems that works on their favor. Those gamblers who use these sports betting odds as their tool in winning are the more professional gamblers that make the most attractive income from betting in sports.
The odds for different results in a single bet can be in European format or the decimal odds, the United Kingdom format or the fractional odds or the American format, which is in moneyline odds. The European format, containing decimal odds, is used in the continental Europe, Australia and Canada. The decimal format is the whole payout ratio to the stake. 2.00 is an even bet in the European format. Meanwhile, the UK format is more favorable to the British people and bookmarkers. This is the ratio of the amount won to a stake. 1/1 is the even bet in fractional odds. American format are the ones used in the United Stares. This is the amount won on a 100 stake at positive, and the stake which is needed to win 100 at negative. 100 moneyline odds are considered an even bet. For example, 1.50 in decimal odds is 1/2 in fractional odds and -200 in moneyline odds. 2.50 in decimal odds is 3/2 in fractional odds and +150 in moneyline odds.
There are different conversion formulas used to determine the equivalent of each odds. For the decimal to fractional conversions, the formula x-1 is used. When you get the answer, you convert it to fraction. Decimal to moneyline formula goes “100*(x-1); x>=2; -100/(x-1); x
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