Most of us simple make a game interesting by laying a few dollars on a game against a buddy for the straight win. Team A vs. Team B. But when you venture for the first time, or attempt to try a different type of betting, it can be somewhat confusing. For example, can you quickly understand the odds for American odds vs. Decimal odds vs. Fractional odds? No? That’s ok because in this post I’ll help simplify the different types of sports odds so you can learn the basics and be better prepared on the next opportunity to make a game a little more interesting.
#1, can you quickly spot if the odds for a game are attractive, bad, or fair? Ask any avid sports bettor or sports investor and they’ll tell you the difference between a win or loss, and maximizing profit, is buying value on the odds.
I admit, it can be even more challenging to figure out how to read the odds in the first place as there are a few ways sports odds can be posted. Is this done to confuse the sports bettor and give the house the edge? Hmmmm…I like to think that…but no. The various ways of writing the odds do translate into the same thing, it can definitely be confusing.