Odds explained by top betting tips
Definitely the number one factor to look out for in any sportsbook offer, odds determine the amount of money you can potentially win. Choose one of the sportsbook operators below recommended by top betting tips, and discover the different odds on offer while betting on your favourite events!
Odds in a nutshell
When we talk about odds, we’re simply referring to the method of indicating the chance of winning your bet. In the UK, the most popular form would be the fractional, or traditional odds, which indicate the amount to be paid to the punter upon winning, according to the stake (amount of the bet).
For example, in the World Cup, the odds for Slovakia vs Germany can be set by a sportsbook operator at 5/1. This means that the bettors’ stake will be multiplied five times if they back Slovakia to win. A bet of £50 placed on Slovakia would therefore result in a return of £250 if Slovakia wins the game, plus the original stake of £50, whereas the same amount would be lost should Germany win.
Top betting tips on calculating odds payouts
Top betting tips recommends using an odds calculator if you decide to bet on more than one event. This has become increasingly important due to the difference between the sportsbook websites’ odds on different markets.
By consulting an odds comparison site, you can find an online sportsbook that offers the best odds, and a gambling calculator will allow you to input the odds on all outcomes you decide to place your bet on. Using an odds converter would then help you convert the odds that are in different formats (for example decimal odds as opposed to fractional ones).
Kick-start your online betting experience with top betting tips
Can’t wait to get started? Check out top betting tips UK’s trusted sportsbook brands displayed in the table above, and explore what’s on offer across the world of sports, worldwide! Online betting has never been easier!