Making the Best Out of Fractional Odds

It takes a while to get used to the concept of using odds over percentages in online sports betting, especially for internet sports betting in Australia. Percentages seem a lot easier to grasp, but those who do sports bet online find using decimal odds more appealing.

To further understand the concept of fractional odds, let’s give an example: If the odds are 5/1 (five-to-one), the bettor gains $100 for every $20 wagered. Conversely, if the odds are 1/2 (one-to-two), he receives $50 for every $100 spent. Fractional odds are common especially in horse racing, where most of the betting is measured using this system.

So how do you win using fractional odds? Well, the most important thing to remember here is that you properly take a look out for who’s really going to win. Even the bookmarker can be wrong sometimes, so go ahead and see if your favorite can win even if it is the underdog. If you truly believe that it will, then go ahead and bet. Sometimes the odds may be astronomically low, but the rewards you can reap are also equally extraordinary.

So even if the fractional odds stand at 1000/1, that doesn’t mean in any way that it has no chance of winning. It may be really low, but you have to learn to read the event’s conditions. Let’s say that the best bet is injured during the games, the odds transform dramatically. The risk is high, so you should better be prepared to shell out a bit more money if you really want to win.

If you want to play it safe, then go for the game’s favorites. While this may not yield as big a profit, the risk is really low, so you won’t lose as much money after betting. But then again, this isn’t an absolute, and anything can change a game’s momentum.

Of course, odds of 1/1 also exist, and in this situation, you break even –you just simply gain back the money you’ve lost, and this is not usually favored by gamblers who want to gain even a bit of profit.

Perhaps there is no absolute certain way to determine the best bet, but understanding the factors that affect fractional odds can help you win a lot. Analyze well and place your bets as best as you can.