Nowadays, online bettors use all sorts of things to find the best website for what they want to bet on. Some of them read guides, whereas others use their experience and go through all important aspects.
Speaking of the devil, each bookie has a couple of specific things that gamblers have to pay attention to. The license is one of them, but users also need to check the available betting options, payment methods, etc.
Once bettors are ready with those things, usually, the second part of their review focuses on the odds. Casino fans do not need to pay attention to those things, but people who like sports know that finding a bookie with high odds is important.
Some bettors probably know what to look for, thanks to the betting options at EfirBet because they include a variety of information regarding odds, apps, features, and promos. What’s even more impressive is that punters can use the info to find the top-rated operator in their country.
Unfortunately, there will be readers who do not have experience with the specific odds. So, let’s learn everything about them and see what we have to consider.
1. Decimal odds
The first thing we’d like to start with is an overview of the most popular odds formats. There are a couple of options that you may find, depending on where you live. One of them is called Decimal, and it is the preferred option for millions of punters.
Decimal odds are primarily popular in Europe, but online bettors can use them in other countries. If you decide to put this option to the test, you can calculate your winnings by multiplying the odds and the amount of money you use. In other words, if you place a $10 bet on 3.00 odds, you can win $30.
2. American odds
Although the iGaming business is more focused on people who reside in Europe, users worldwide also use these kinds of sites. The punters in America are not an exception, which explains why certain bookmakers offer American odds.
Unlike the other options, these ones have a specific symbol next to them (“+” or “-”). If you bet on odds with the plus sign, you can see how much money you can win if you bet 100 units. On the other hand, the negative odds will show you the amount of money you have to wager in order to win 100.
The American odds can be pretty complicated for someone new to online betting. However, they are the preferred options for most bookies based in NA, so keep that in mind.
3. Fractional odds
The third type of popular odds you may have access to on some bookmakers is Fractional. Apart from some countries in Europe, this format is prevalent in the UK and places like Australia.
Usually, these odds are displayed with something like 5/1. In this case, every 1 $ you bet will give you 5$, and you will receive your $1. These odds are very popular among people who want to wager on horse races because most of them are held in the UK.
What can have an effect on the odds?
One of the common questions that people ask themselves is related to the odds and how bookies determine them. Even though some punters might think that all gambling operators offer the same odds, a quick look at the bookies there will show loads of differences, especially for certain sports.
There are a couple of reasons why this is the case, and one of them is related to each bookie’s policy. There is no universal formula regarding the odds and how they should be calculated. As a result, it is up to every bookie to decide what formula to use.
Aside from that, the odds for a given sport or even can be affected by various factors. For example, some bookies pay a lot of attention to everything that happens around a given team or player and use it to adjust the odds accordingly. So, if Cristiano Ronaldo receives an injury, the odds for Manchester United will be lower than usual.
Needless to say, things like a given team/player’s previous results and their opponents also have a significant role in the odds. Interestingly, every bookie has a different approach when it comes down to adjusting their odds, so you should pay attention to a couple of brands. Some of them may have forgotten to change their coefficients, which is an excellent opportunity for you.
Is there are differences between the odds for some sports?
Yes, there is usually a significant difference between the odds for specific sports. Usually, online bookies specialize in one or two sports and provide good odds. This means that if you decide to bet on something else, you will either find amazing deals or lower odds than usual.
One of the sports that deserves special attention here is eSports, especially some of the popular options like CS:GO and Dota 2. Unless you choose a popular eSports betting website, you will most likely find higher odds than usual because most regular bookies don’t have eSports experts. Hence, they often provide better odds for some teams, especially those in Tier 2 and Tier 3 competitions (when they are available).
Aside from eSports, those who want to punt on fighting sports will also find better odds than usual. Not every iGaming operator offers those things, but if you find a company where you can punt on things like MMA, boxing, and martial arts, you should have access to way better odds than usual.
Aside from these options’ popularity, combat sports usually provide better odds because of how hard they are to predict. This applies to every sport, but in things like boxing, one wrong move can be the difference between winning and losing. Consequently, bookies provide better odds so that they can motivate more people to place bets.
Thanks to the information mentioned in this article, you already know what to expect from some of the top-tier betting websites in the world. Make sure you find operators that offer more odds formats so you can pick the one you like the most. Aside from those mentioned in this article, you can also find Malaysian, Hong Kong, and a couple of additional alternatives.