Learning about Betting Odds

Posted by GeorgeVelvet on September 27th, 2013

It is important to be informed about everything you want to do, especially if you are thinking of placing some sport bets. There are a lot of websites out there that permit you to place bets, but not all of them will give you the best betting odds and therefore, you might want to take some time and think things over. In this article we will discuss about what exactly do these League 1 odds represent and how they can help you, so that when you place a bet you increase your chances of winning big.

First and foremost, we should see how exactly bookies come to calculate the odds. In everyday things like for example tossing a coin, we would express the chances of something happening in percentages. A coin will therefore have a 50% of landing on tails and a 50% chance of landing on heads. In Europe, in order to express betting odds, bookies use a system called decimal odds which is equal to 100/ percentage chance. For example if your favourite team has a 5% chance of winning, the decimal odds will be 20 (100/5). The bigger the odds, the bigger the win, but you also have to take into account the fact that if the League 1 odds for your team in a certain match are 20, it means that it will be the underdog.

Now that we understand how League 1 odds work, let us focus on how you can find a website that can give you the best odds. It may sound weird to you, but there are a lot of different bookie websites out there, and not all of them have the same odds and therefore, if you want to win big with your team, you should look for the biggest turnover you can get.

In order to start your search properly, you should know that there are also out there some sites, called odds checkers that can help you. These sites are practically built so that you can find the best League 1 odds out there. They scour the internet and collect data about the different odds websites have and then compare them. Basically they create hundreds of list for all the different sports that are out there, including the ones that are less popular such as Aussie rules or curling. For every sport or game there is, they will create a list of all the matches and all the different betting odds bookies have for each and every match, so that you can choose the best one for you. Furthermore, they may also give some information regarding each bookie website such as the bonus you might receive on your first deposit and so on.

If you want to place bets on your favourite teams or athlete, then you should first learn a bit about betting odds. It is important that you check the League 1 odds that different bookies offer because you increase your chances of winning big!