Online bookmakers, Bookies, punters and other bettors are always encased by only one thing and it is the bets chances. The ubiquitous likelihood of the bets world can be seen on the booking deals and on the online booking sites. But what are these booking chances and why are the bookies and the punters focused on them? Well, a booking odd is a number that tells one how much one can win on the given pole. A higher odd means a smaller chance of winning. The online bookers are generally concerned with three types of bets chances. The bookmakers 바로벳 토토 offer the chances depending on the market they are targeting and the chances can be decimal, British or American. Most of the online bookmakers allow the punters to choose their own chances as well as the format.
Let us take a look at all the three different types of bets chances one by one.
Decimal chances: This is the most common and popular format. The odds in this format represent the number of units that the bookmaker is just about to pay out on each unit secured. This odd is presented in the format of 2 decimals or 3 decimals. The example given below will explain things a little more clearly:
You put a bet of $200 on match with System against Chelsea and the football bets chances are 1. 50. So, the payout will be $200 X 1. 50 = $300. So you stand to create a profit of $100 (300-200). Almost a child’s play to calculate isn’t it. This is why why this format is the most popular.
British chances: The British bets chances represent the profit that you can make if you win a particular bet. The bookmakers of UK prefer to make use of this format because they find it very easy to convert into decimal chances. The conversion from the British chances to decimal chances is done by adding 1.
For instance, you have put $200 on a match of Liverpool against Manchester U . s . and the chances are placed at 4/5. Then the payout is $200 X (1 + 4/5) = $360. Therefore, you gain profits of $160.
American chances: The American bets chances greatly change from the other two formats because it comprises two different types of chances viz. positive (200) and negative (-200). This odd is specifically used in America and is a lot of popular in Western european Sports table bets.
Knowing about the above three types of chances will help you in understanding the odds in an easier way and you can put your table bets in a prudent manner.