If you are new to betting, you may not have a complete grasp of how betting odds work. Looking through thousands of numbers can be quite confusing and overwhelming.
Not to worry, we will break it down in the simplest terms for you.
Having a clear understanding of how betting odds work helps you make better decisions when placing your bets. By mere looking at betting odds, you can tell the favorites and the underdogs in a particular event.
The higher the odds, the bigger your potential winnings. However, high odds also mean that the event has a lower the probability of happening.
When you combine this knowledge with some extra research on the teams involved, you are in a much better position to make your selections and win your bets!
Should I add this event to my accumulator? Should I increase my stake? Betting odds have major influence on the answers to these questions.
Betting odds can be expressed in different formats, but the most popular are fractional and decimal odds.
Here in Ghana, most betting companies use decimals as their default odds format.