Sports betting has grown to be one of the fastest growing sections in the realm of online gambling. For one to be a part of this journey, it’s essential for them to understand how the odds work within different markets entirely.
On this guide, our expert team of players at Kiwi Casinos will look into how New Zealand players can be in control when it comes to sports betting odds to maximise their chances of scooping a huge payout! So relax, read on and learn more about sports betting odds below.
Sports Betting Odds – Fractional Odds
Fractional odds are known to be the most used sports betting odds in the U.K. Many sports gamblers also refer to them as the ‘traditional odds’ or the ‘British odds’. These fractional odds will have information presented in a manner that shows how much a player can win compared to the amount of money they wagered.
Online casino players that may be unfamiliar with this type of sports betting odd might struggle when it comes to working out the percentage of their chances of success. More so, it’s highly possible for one to calculate their chances of winning, based on the odds. On the other side of the coin, it’s important to know that odds can easily fluctuate, and this means that the probability of winning, calculated by the player may change once they place their bet.
The American sports betting odds are popular in the US online gambling market. These odds are a little bit different compared to fractional odds. This is because they work separately for underdogs and favourites. They are also known as ‘moneyline’ odds.
With the American betting odds, it calculates the amount of money that a player will have to risk for them to win a specific amount of money.
The decimal odds show the players how much they might win. However, unlike the other two types of sports betting explained above, decimal odds don’t state the amount of wager that the players need to make in order to increase their chances of winning.
Which Sports Betting Odds to use?
In the end, online sports betting is placed in a way that caters to different players. New Zealand online casino gamblers must merely choose the type of sports betting odds that they are most comfortable with.