In order to make winning wagers, it is important to understand how to read football betting odds. The odds represent the probability of an event occurring and are usually expressed as a number or a ratio. The higher the bet numbers or ratio, the greater the probability that the event will occur.
When betting on football, there are three main types of odds that you will see: fractional odds, decimal odds, and money line odds. The following is a quick guide on how to read football betting odds for each of the three most common types of odds:
Fractional Odds
Fractional odds are displayed as a number or ratio, such as 3-1 or 9-2. The first number represents the amount of profit you will make if you win your bet, while the second number is the amount you need to stake in order to make that profit. In our previous example, a 3-1 fractional odd means that for every £1 you stake, you will win £3 in profit if your bet is successful.
Decimal Odds
Decimal odds are displayed as a decimal number, such as 2.50 or 5.00. The number represents the amount of profit you will make for every £1 you stake. So, if you bet £1 on an event with decimal odds of 2.50 and it wins, you will receive £2.50 in profit.
Moneyline Odds
Moneyline odds are shown as a positive or negative figure, such as +250 or -300. A positive figure represents how much profit you will gain for every $100 staked, and a negative number indicates how much you must wager to make $100 profit. So, if you wager $100 on an event with +250 American odds and it wins, you will earn $250.
Endnote:
Now that you know how to read football betting odds, you can start making winning wagers! Remember to shop around for the best odds before placing your bets, and good luck!
