What do you understand by football betting odds? If you have never placed a bet, it is definite that you don’t know what this means. However, if you are a bettor or have ever placed a bet, you must have come across this term. Betting odds basically are figures which have being placed beside the different teams. There are normally three main odds placed beside the three main betting options, per football match. These betting odds are the; win odd by the host, draw odd and win odd by the visitor. Besides these odds, there are other minor odds included in the football betting sites. An example of a minor odd is the win – lose odd.
Reading the betting odds can be be quite difficult but here are some of the instructions that will help you in reading the odds and placing your bets effectively. The following is a clear guideline on how to do so;
- 1. Check the figures beside you team’s name. These figures are actually the betting odds. Most online football betting sites present their odds in decimal or fraction forms. Examples of odds include 6/1, 1.5 and 1.2. The amount of cash you place for your bet will be multipled by the odd of the team you have placed your bet on. For instance if you have placed your bet on Arsenal and its winning odd is 2.4, your money will be multipled by 2.4, if you win the bet. You will therefore be awarded with 4.8 dollars, if you have placed a bet using 2 dollars.
- 2. Make sure that you have paid attention to which side the numbers are. The numbers just beside you team are the odds your team has. If your team has the 1/6 odd, then it means that you have to invest in 6 dollars so that you can get an extra dollar. Such an odd is normally place on a team which has being matched against a less strong kind of team.
- 3 Check for the ‘accumulator’ betting option
Accumulator betting option is a betting option where you can place your bet for different teams at the same time using the same amount of money. It is often referred to as multibet. Accumulator betting options can make you reap great benefits though it may be hard to win on such bets.