In other words, if a lot of people bet on the home side, the bookmakers may shorten the odds of the outcome. Even odds are used for events where the two outcomes are both equally likely to happen.Īlthough betting odds generally represent the probability of a result, they’re also changed over time to reflect how people are betting. Long odds are for events that are less likely to happen, while short odds are for events more likely to happen. Most football betting odds can typically be described as long, short or even. This is obviously incredibly important for any bettor to know, as you shouldn’t place a bet without first understanding how much you could win back. Not only do odds tell you the possible likelihood of an event, but they also tell you how much you can stand to win back from your stake if you place a bet. Most football betting sites will allow you to easily switch between odds formats so you can choose the one you prefer.Īny betting market on any event will have odds available, which give you a rough idea of the probability of that outcome occurring. However, in North America, moneyline odds such as +200 are used. Odds are typically represented by a fraction such as 7/2 or a decimal such as 3.2. Odds are essentially a way for bookmakers to display how likely they think it is for a specific event to occur.
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