Betting on football can be a great hobby and it can also be quite lucrative but if it is something that you want to get into then you will need to know how to go about doing so.
If you do not understand football betting odds then you will have a tough time in making the right decisions and the right bets at the right time. If you are just a casual gambler, you may not be overly concerned by this but it is still useful information to have as knowing the football betting odds will allow you to work out how much you could potentially win. If you understand the football betting odds then you will have an advantage which you can use to increase your winning percentage.
Football Betting Odds
When placing football bets, there are several types of football betting odds which you may come across. These are:
Fractional odds
Fractional football betting odds are those which are most often used by bookmakers in the UK. These odds are based on a unit of stake. So you can work out your winnings easily for example, if you place a bet at a fractional odd of 10/1, and you bet £1, you will win back £10 plus your one pound stake. It really is that simple.
Decimal Odds
Decimal football betting odds are not as commonly used by bookmakers as fractional odds but they are still widespread enough that you will probably encounter them. This format is very easy to understand too. Decimal odds will tell you exactly how much you will make from your stake to the nearest two decimal points making them very accurate odds indeed.
American Odds
If you are betting online then you may come across American football, the odds for this sport are sometimes referred to as money lines. These are based on a 100 stake and allow you to work out a positive or negative result. You can easily work out how much you will make on a 100 pound stake if you win, or you can work out how much you will need to stake in order to win 100.
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