In sports betting, you can win a lot of money by wagering big on your predicted sports results in Major League Baseball (MLB), National Football League (NFL), National Basketball Association (NBA) and many more forms of sports˳ Just as you can win a lot of money from it, you may also lose a fortune if you are not wise enough to bet on winners˳ Since only a single state (Nevada) in the United States allow sports betting, bettors of this game has started doing their sports betting via the internet˳ Online sports betting is not within the jurisdiction of the United States’ government since the headquarters of the companies involved in this online casino games are outside the U˳S˳ territory˳
Sports betting is done for fun by many to make their watching more exciting˳ Some are just showing their love and loyalty for a certain team˳ However, for those who bet on sports teams to make money are the most successful in this line of betting˳ It is sue to the fact that it is this type of bettors that truly study the sports betting odds and makes use of systems that works on their favor˳ Those gamblers who use these sports betting odds as their tool in winning are the more professional gamblers that make the most attractive income from betting in sports˳
The odds for different results in a single bet can be in European format or the decimal odds, the United Kingdom format or the fractional odds or the American format, which is in moneyline odds˳ The European format, containing decimal odds, is used in the continental Europe, Australia and Canada˳ The decimal format is the whole payout ratio to the stake˳ 2˳00 is an even bet in the European format˳ Meanwhile, the UK format is more favorable to the British people and bookmarkers˳ This is the ratio of the amount won to a stake˳ 1/1 is the even bet in fractional odds˳ American format are the ones used in the United Stares˳ This is the amount won on a 100 stake at positive, and the stake which is needed to win 100 at negative˳ 100 moneyline odds are considered an even bet˳ For example, 1˳50 in decimal odds is 1/2 in fractional odds and -200 in moneyline odds˳ 2˳50 in decimal odds is 3/2 in fractional odds and +150 in moneyline odds˳
There are different conversion formulas used to determine the equivalent of each odds˳ For the decimal to fractional conversions, the formula x-1 is used˳ When you get the answer, you convert it to fraction˳ Decimal to moneyline formula goes “100*(x-1); x>=2; -100/(x-1); x
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