Betting odds are very simple to understand.
To show how betting odds work, let us use the example of an English Premier League match between Aston Villa and Liverpool.
Because Liverpool are the better team and are expected to win the match, they are given smaller odds. Aston Villa, on the other hand, are huge underdogs and are not expected to get the win. Hence, their odds are very high.
To place your bet, all you have to do is to click on the betting odds that match your predictions. For example, if you think Liverpool will win, click on 1.36. However, if you fancy the big upset, click on 8.02 for an Aston Villa win.
Your bets will be registered on your betslip usually at the right of your screen.
Once you have made your predictions, enter the amount you want to stake in the space provided.
Remember, betting odds determine the value of your potential winnings.
To get the value of your winnings, the simple formula is to multiply the odds by your stake.
So, if you stake N10,000 on a Liverpool win, your potential returns will be N13,600. If on the other hand, you wager that amount on an Aston Villa win, you will get N80,200 in the very unlikely event of a Villa victory.
Some betting sites like bet9ja add bonuses to your potential winnings, especially if you have included multiple events in your accumulator.