The idea of sports betting is simple. Pick a team you think will win put some money on it, win and make some profit. But if that is all you know you will probably be pretty confused when you see all sports odds formats.
If a team is a lot better than their opponent that chance to win is higher than 50%. So, if you could just bet $10 and win $20 for $10 profit, that would be a really bad deal for the bank. So, to counter this problem, give assign odds to every team in every match.
A team with a high chance to win makes you less money since it’s already a high probability, a low chance to win gives you a big profit, pretty simple actually.
Most Popular Odds Formats
Practically there’s two systems in sports betting: American odds and the decimal odds.
Let’s start with the decimals since they are a lot easier to explain. If a team has odds of 1.5 betting $10 will give you $15 if you win a $5 profit pretty simple actually. Asian bookmakers are now supporting this format as well.
Next, American odds use positive and negative numbers, with the two from decimal odds being both +100 and -100. If a team is at +100 betting $10 will give you $20 if you win so a $10 profit, +200 gives you a $30, and +431 will give you $50.1.
In addition, -100 also will give you $20 if you win. Now it gets a little more complicated, -200 is equal to a decimal odds of 1.5 so it will only give you $15, and -300 will give you $30.33. In short the higher the odds you hide a payout but also a lower chance to win.
If you’re a sports enthusiast, then TBSBet is a perfect place for you. You can find here a lot of sports odds formats including Indonesian odds and Malay odds.