Betting Odds 101: Guide For AS128 SG New Punters 

New to sports online betting and have been overwhelmed by the betting odds presented to you? You’re not alone, because every newcomer has gone through that. And to help you avoid betting blindly and make informed decisions, we have put out this beginner’s guide to help you understand betting odds and how they work; so the next time you play at AS128 Sports Betting Singapore, you know how much you need to risk and how much you stand to win.

Understanding Betting Odds – How It Actually Works?

Betting odds are usually presented in 3 forms, decimal, fractional, and American, but despite their representation, they all imply the same thing – these odds let you know how much you need to put on for the opportunity to win and how much you will most likely get if you win.

And to give yourself a better chance of winning, you must know how to read them so that you can find value bets as well as assist you when comparing markets.

American Odds (Moneyline)

You can easily recognize moneyline odds because they come with a “+” or “-” sign before the number, whereas a + moneyline indicates odds for the underdog, while a – moneyline indicates odds for the stronger team.

For Positive Moneyline (+150), it tells you how much you stand to win by staking a hundred dollars. So when you wagered a hundred dollar at +150, you will receive a total of $250, including your bet.

For Negative Moneyline (-200), these sports betting odds show you how much money you have to risk to win a hundred bucks. So if you see a fixture with a -200 for the favorites, then it only means that you have to stake two hundred bucks to win a hundred profit.

Normally, you won’t encounter moneylines on an online sports betting Singapore platform, and it is mostly common at US sportsbooks and offered on sports like the NFL, NBA, and MLB.

Decimal Odds

If you’ll be playing at AS128 Grand, you’ll mostly see odds offered in decimal formats, whereas they are represented as a single number greater than 1.00. And compared to the other formats, you can easily understand the concept of decimal betting odds because you can easily tell which is the favorite and the underdogs, as well as how much you possibly win based on these numbers.

You just multiply the odds by what you stake to know your potential returns – so if you will be betting on the LA Lakers at 2.75 odds at bet $200, you can potentially win $550 in case the  team wins.

Fractional Odds

Newbie punters usually get confused about how fractional odds work, but once you understand the concept, you won’t have a hard time reading them – these are expressed in fractions like 1/2, 4/2, or 3/1, and so on.

The top number represents your potential profit, while the bottom number shows you how much you have to stake. To figure out your possible profit, you just simply need to multiply the amount you have put away by the specified number.

So on 5/2 odds at a bet $100, you’ll get a profit of $250, and your potential total return will be $350 (Stake + Profit).

How To Easily Convert Odds Between Formats?

While AS128 Grand Sports Betting Singapore usually uses Decimal Odds, you can easily convert it to other formats, whichever you are comfortable using.

Decimal to Fractional

Simply subtract the decimal odds from 1, so on 2.50 odds, it’ll be 3/2 fractional odds (2.50 – 1 = 1.50, which is equivalent to 3/2).

Decimal to American

There are 2 ways to do the conversion for decimal odds to moneylines – and it goes like this:

If Decimal >= 2.00

American = (Decimal – 1) * 100

So for 3.00, you’ll have +200 moneyline and get it using this computation:

(3.00 – 1) * 100 = +200

If Decimal < 2.00

American = -(100 / (Decimal – 1))

So for 1.50, you’ll have -200 moneyline and get it using this computation:

American odds = -(100 / (1.50 – 1)

American odds =-(100 / 0.50 = -200)

Wrap Up

Now that you have understood how these betting odds work, you are now good to go and start placing your bets at the best sports betting sites in Singapore. Now, you won’t have to hesitate placing your bets because you can read the betting odds without any problem and even access your potential winnings in case you win. Head on to AS128 SG now and shop around for which odds give you the best value.

FAQs:

Which Betting Odd Format Is Best Suited For Newbies?

All formats of betting odds are easy to understand, but still, the decimal odds are the simplest among the three, whereas newcomers can easily calculate their potential payouts just by looking at the format.

How Can I Easily Calculate The Implied Probability Of A Decimal Format Of Betting Odds?

Getting the implied probability of decimal betting odds is as easy as 1,2,3 as you simply divide 1 by the odds offered and multiply by 100. If the odds are 2.75, the implied chance is 36.36%, which is (1/2.75) times 100%.

Does AS128 SG Sports Betting Site Let Punters Change Odds Format?

Yes, AS128 bettors can quite easily alter the display format of betting odds based on their preferences – for CMD368 sportsbook users, they can change it to Malay, Hong Kong, Decimal, Indonesian, and American odds. Conversely, M8Bet sportsbook users have the option to place bets on European, Malay, and Hong Kong odds.