![]() ![]() Understandably, the team that is considered the favorite to win will have lower odds.įor example, if Liverpool is playing Chelsea, and Liverpool is considered the favorite to win the match, a bet on Liverpool will have a lower payout than a bet on a draw or a bet on Chelsea. Odds are set by the sportsbook, based on their calculations and algorithms, and tell us who the sportsbook considers is the favorite team to win. ![]() Sports betting odds allow you to calculate the return that you can make on a bet. Read this guide on how to understand betting odds. This is why, through this post, we help you become familiar with these three systems so that you can acquire the necessary knowledge to increase your chances of success when betting. ![]() Not knowing this can result in confusion at the time of making your wagers. Depending on your sportsbook of choice, odds can be presented in three different ways: American, fractional, and decimal. Especially for those who are new to sports betting, reading and understanding betting odds properly can be a daunting task. ![]()
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