What exactly are sports odds?
Odds are essentially a measure of probability representing the ratio between the amounts staked by parties to a wager or a bet. So, for example, the odds 6 to 1 means that the first party (usually the bookmaker) stakes 6 times the amount wagered by the second party. So if a player wagers €10 that a certain team will win, and they do, they will receive 6x10 back plus your initial stake equating to €70. If you lose then unfortunately you get nothing back.
Fractional and Decimal odds
Decimal odds are sometimes known as European odds as they are most commonly used in Europe, Canada and Australia.
Decimal - you multiply your stake by the decimal shown and the result is paid in winnings, including your stake.
For example, your stake of €10 x odds of 1.82 = potential winnings of €18.20 (this is inclusive of your initial stake) and so you would have a profit of €8.20.
Fractional odds are known as UK odds as they are most commonly used in the UK and Ireland.
Fractional - these are given in fraction form, the denominator (2nd/bottom number) is the amount bet and the numerator (1st/top number) is the amount your wager will yield. This is the example shown in the introduction to odds above.
What am I able to bet on?
Absolutely anything! This is entirely your preference, there are odds for almost anything from the month you think Donald Trump will be impeached to when Brexit will officially begin and of course all your sports in between.
Once you have decided the topic of your bet there are many subsections you are able to choose from. To name a few, you can bet on:
- A player to score
- A team to win
- A match to end in a draw
- A penalty by the 'X'th minute
- First to score
The list can go on and on dependant on the sport or even you are placing a bet on. You should always see all the options available to you.
You are also able to place multiple bets at a time, two at a time is called a double, three at a time is called a treble and four or more is called a four-fold accumulator, five-fold accumulator, six fold…etc.
The advantage of these types of bets is that the winning potential is much higher than with a single bet, however, the catch is, you have to get all of those bets correct in order for there to be a payout.
Sometimes you will find that you are not able to combine two bets, each bookmaker slightly differs in their rules for combinations but usually the reason is because they are conflicting wagers. This essentially means that to lose one will ensure the win of the other. For example, in Manchester United versus Liverpool, you could not have a double where one wager is for Man U to win and the other for Liverpool to win.
In the case of a non-runner or a void bet when placing a non-single bet, returns are calculated as though that particular bet was not in the selection. So, if you had a triple but one of the bets became void, your bet would be recalculated as a double.
The dead heat rule is implemented when, for example, you place a bet that a horse will win, then in the race there are two winners. The odds are halved and so the payout is reduced but not lost.
If you really like excitement, you are able to place bets whilst a match is playing live, you can see the odds change as the match goes on. As soon as you place a bet the odds will be fixed at the rate of when the bet was placed but as the match progresses and you feel that the result is not going to go your way, you have the option to cash out. The cash out is essentially cancelling the bet, you will lose a percentage of your initial stake instead of the entire wager.
Is this available on mobile?
Abso-GARBO-lutely, as we mention on our mobile casino page, everything and every developer is driving towards mobile optimisation and this is equally evident in Sportsbook. Punters want to have their fix on the move and providers are listening to their cries!