How to Read Odds & Bet on Sports at 1xBet

Do you ever read sports betting odds and wonder what makes them unique? Does it confuse you why specific numbers are set for your favorite sports team? If you answered “yes” to these questions, this is the guide you want to check out.

Here, we will discuss how to read betting odds easily. This will be helpful for you when it comes to betting on your favorite sports. You also need to know that there are different odd types. We’ll list what those are and how you can easily interpret them.

Are you ready to see what this guide can teach you about different odds? Enough talking, let’s give you the details already and get started.

What Are The Three Different Types of Betting Odds

Jumping right into it, we will discuss the betting odds that are available to you. We’ll be going over three formats: decimal, fractional, and moneyline odds. All of these might be essential when it comes to sports betting. Let’s cut to the chase and discuss each of the following:

Decimal odds

This is considered one of the most straightforward and widely used odd formats. They will be used in Asia, including Indonesia (and 1xBet Indonesia platform). Also, European countries use these odds as well. Such odds represent the total payout instead of the profit you might earn should you win the bet. An example of decimal odds includes as follows:

• 2.50 x the wager = the winning bet. So, multiply your stake by 2.50 (or the necessary decimal) to get the potential payout.

Fractional odds

Fractional odds are displayed in a fractional number (hence the name). Let’s say the odds are 5/1. This means you will win $5 for every $1 bet you place. This type of odds is typical in UK betting markets and elsewhere (if applicable).

Moneyline odds

Do you see odds with a positive or negative sign next to the number? These are known as moneyline odds. You’re probably asking ‘what the positives and negatives represent.’ Positive moneyline odds are more about how much profit you’ll make, while a negative moneyline is the amount required to wager to win a specific bet.

How to Bet on Sports at 1xBet

Now that you understand the different odds, it’s time to get started on 1xBet. We’re going to take a look at the following steps you need to take to get started. So here’s a look at what you need to do step by step:

• If you haven’t already, create a 1xBet Indonesia login account. It takes a couple of minutes. After you’re all set, you can bet on sports or even play 1xBet slot games. It’s all up to you. For a mobile app, the 1xbet download app will be available for iOS and Android.
• Next, you want to deposit the funds into your account. You can use a payment method that is best suited for you, including e-wallets, credit cards, or something more convenient.
• Explore the betting market, featuring dozens of different sports to bet on.
• Finally, after you’ve chosen the betting market you like and the event you’re interested in, it’s time to place your bet. You can place the bet from there based on your most familiar odds. Place the stake you want to include in the bet and watch the action unfold.

What Are The Betting Tips You Should Follow?

Before we wrap this up, we must ensure you have some betting tips you want to follow and take advantage of your newfound understanding of different odd types. So here’s a look now at the following betting strategies that we highly suggest that you check out, starting from your first bet to the next:

• Be sure to look for bets with higher odds than the event’s calculated probability. This is known as value betting, and it can yield a profitable outcome over time.
• Always perform your due diligence before placing any bets. This includes researching the team, players, and their current form. You can also analyze the statistics and Trends to make a better-informed decision. Here’s a pro tip: Make sure it is a sport you are familiar with. Otherwise, your lack of understanding will cause you to backfire when trying to succeed as a sports bettor.
• Finally, it is essential to practice bankroll management accordingly. You should set a budget and ensure you only bet what you can afford to lose. Your financial stability will depend on it.

Final Thoughts

Now you have a guide on understanding and reading sports betting odds. Use the ones according to what you can easily understand and get the best returns. It’s always a good idea to bet on the markets you are familiar with and, along with the odds, that you can understand best. Nevertheless, let this guide serve as a reference in your sports betting journey from the first bet to the subsequent ones in the future.