In all sports betting, odds are one of the most important things to understand. One has to know how to use them to become a successful sports bettor. Based on your odds you can calculate how much amount you may get back from your winning wagers.
While betting on the site of Live Score Thai for ดูบอลสดพรีเมียร์ลีก, there can be several ways to express odds, or that odds may be closely linked to the possibility of a wager winning.
They also decide if any particular wager is representing the good value or not, and that value is something, you should always consider while deciding what bets you should place.
Basics about odds
As most of you are aware that odds are used to decide the amount to be paid out on any winning bets. Therefore, quite often they are also referred to as the wager price. A wager may have a price that can either be odds on or against.
- Odds on – The potential amount that you may win will be less than the amount that you have staked.
- Odds against – The potential amount that you can win will be more than the amount that you have staked.
You can make some profit from your winning odds-on bet because your initial stake will be returned too, but you will have to risk an amount, which is more than what you stand to gain.
Often big favorites are odds on, as they will be more likely to win. If the wagers are more likely to lose as compared to win, then typically they will be odds against.
Even money can also be your odds. Even money winning bet will return you exactly the same amount that was staked in profit along with your original stake. So, basically you will double your money.
You must remember – the higher will be your odds, the less likely your wager is to win however, the rewards will be much higher.