A huge benefit of using an online sportsbook is that a bet can be placed on sporting events taking place in any part of the world, as you do not have to be physically present at a sporting event to place a bet. However, one disadvantage of this can sometimes be that the odds may be presented in a format that you are not familiar with.
American Odds are obviously very popular with sportsbooks in the United States. American sports betting odds work differently for favorites and underdogs, and sometimes are called Moneyline Odds. The American odds for betting on a favorite work by expressing how much money you would have to risk in order to win $100. If the odds offered on a specific event result are -110, it means that in order to ‘win’ $100 you would need to bet $110.
Fractional Odds are extremely popular in the United Kingdom and are used very frequently in horseracing. Fractional odds can also be referred to as British Odds, UK Odds or Traditional Odds. Fractional odds show the net total that will be paid out to the bettor, should they win, in relation to their stake.
Decimal Odds are most popular in Europe, Australia and Canada, and are probably the easiest to understand. The figure quoted is the exact amount that will be paid out if the bet is a winner. Most online sportsbooks give the choice of displaying their odds in decimal fashion. These odds are also called European Odds in the UK.
Due to the advent in internet technology, there has been a boom in sports betting; finding good sports betting lines is quite easy nowadays. Those bettors, who have not bet online before, might want to consider researching a couple of sportsbooks. These sportsbooks offer bonuses, fast payouts and a wide range of betting lines.
All sports betting lines are different from each other in relation to each sport. Some sports use a money line while others use a point spread. It all just depends on what sport you are betting on and what kind of bet you would like to make. Totals, teasers, parlays, and straight wagers are just a few types of bets that are made, and to place these bets correctly, you need to know the latest sport betting lines.