How Does Fight Betting Work
The fight ends by Submission: One fighter wins by submission. It does not matter who, it just needs to end by submission. The fight ends by KO: One fighter wins by knockout or TKO. It does not matter who, just one person has to stop the other using strikes. Handicap Betting. One of the lesser known bets and one of my personal favorites is the. In the world of sports betting the first thing you will need to learn is to read and understand the odds. There are three traditional ways that online sports betting sites display odds. They include American, Decimal, and Fractional. Regardless of how the odds are displayed, they’ll always mean the same thing. If the fight is a draw, you receive your bet back, unless there was betting offered on a draw, which would result in a loss. Over/Under Betting: Wagering on totals in boxing is when you predict how long a fight will last. Who wins the fight is of no consequence for the purposes of your bet-only how long it lasts. If a ton of people bet on one fighter, they will make the odds a lot sweeter on the other fighter to entice action. This delicate balancing act goes on all the way until the fight starts. The betting public has a strong tendency of betting with their hearts instead of their minds.
This guide will help you understand how betting odds work.
There are 3 different kinds of betting odds; Fractional, Decimal and American. American odds are often called Moneyline odds.
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HOW DO DECIMAL BETTING ODDS WORK?
Decimal odds are the easiest type of odds to understand.
To calculate your winnings using decimal odds, simply multiply your [tooltip text=”stake” gravity=”n”]Your “Stake” is the amount of money you wish to bet[/tooltip] by the decimal number. For example…
If you placed a $10 bet at odds of 2.00, you would simply multiply 10 by 2.00 to calculate your return.
10 x 2.00 = 20.00 = $20 return from your $10 bet
How about placing a $15 bet at odds of 1.57?
15 x 1.57 = 23.55 = $23.55 return from your $15 bet
That was easy wasn’t it?
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HOW DO AMERICAN [MONEYLINE] ODDS WORK?
American odds are calculated based on how much money you have to bet in order to win $100. The odds are always accompanied by either a plus [+] or minus [-] symbol. The symbols determine whether you need to bet more than $100 (-) or less than $100 (+), to win $100.
This may sound confusing at first, but it’s really not that difficult!
Lets jump right into an example of how American odds work. Remember that American odds are all about how much money you have to bet, in order to win $100.
Imagine the odds looked like this for a particular fight…
Fighter A = -150
Fighter B = +200
When working with American odds, you need to remember that the minus [-] symbol always means that you will have to bet more than $100 to win $100. Minus [-] odds are considered the “favourite”. Odds with the plus [+] symbol are considered the “underdogs”.
If you take a look at the odds above, you can see that Fighter A is the favourite at -150. This means that in order to win $100, you would have to bet $150.
Fighter B on the other hands is a +200 underdog. This means that you would only have to bet $50 to win $100. Here are a couple more examples using more challenging odds…
How To Benefit From Betting
Fighter A = -600
Fighter B = +1000
In this example Fighter A has odds of -600, which means that you would have to bet $500 to win $100. Fighter B on the other hand has odds of +1000, which means you’d only have to bet $10 to win $100.
Working with American odds will take some getting used to and it can be difficult to work out the exact amount of money you will win from your bets at first.
You can practice working with American betting odds by visiting Best Fight Odds and using an Odds Converter to calculate your returns.
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HOW DO FRACTIONAL BETTING ODDS WORK?
Fractional betting odds are favoured in the United Kingdom and Ireland and they’e the most popular type of odds used in Horse Racing. Although they may look confusing at first, they’re actually not that hard to work out. Lets jump right into looking at an example of how Fractional odds work…
If you wanted to bet $50 at odds of 6/4 six to four, this is how you would work it out:
First you have to add the numbers of the fraction together, in this case it would be 6 + 4 = 10. Then divide this number by the second number, in this case 4. 10 divide by 4 = 2.5. Then multiply this number by your stake. 2.5 x 50 = 125. Your return for a $50 bet at odds of 6/4 would be $125.
(6+4 = 10) 10 divided by 4 = 2.5
2.5 x 50(stake)= £125
How Does Betting Work
If you get stuck and you’d like some help calculating how betting odds work, please don’t hesitate to get in touch.