To anyone who wants to dive into sports betting, there are a few things you must come to terms with. One of these things includes odds and probabilities. With bookmakers, including 1xBet, these two factors are what determine the result of events and how much you can earn from a good wager. The most popular type of odds at 1xBet NP is the decimal format.
In addition to this, two other odds formats are common with sportsbooks, which we will all explain in this detailed guide. In this review, we will also be exploring sports betting and how odds play a big role in it. Also, stick to the end of this detailed guide to understand some of the most popular betting terms at 1xBet.
How Betting Odds Work In 1xBet
Odds in the betting markets refer to the likelihood of an event’s outcome, which in turn, determines the amount of winnings you can earn from a bet. Furthermore, it represents the ratio between the amount of potential winnings for you and your bet. In good terms, the odds for an event are good only when the probability of an outcome is more likely to occur.
In this world, there are many factors that influence odds in sports betting. Some of these include player injuries, weather conditions, team performance, and what the overall market is saying. Based on these factors, 1xBet will be able to draft and adjust their odds.
Types of Odds Format at 1xBet
1xBet, like every sports book, majorly uses three formats of odds in their sports betting portfolio. Although with different numerical styles, these three odds formats all have the same value, and they include:
- American Odds
- Decimal Odds
- Fractional Odds
American Odds is a popular odd format among Americans usually expressed in terms of positive and negative numbers. An example is +150 or -200, where the positive number refers to the potential winning on a $100 wager, while the negative number is the amount you need to wager to win $100.
Fractional Odds is self-explaining as it takes the form of fractions. It is common with people from the UK and Ireland. An example is 4/1. The numerator always indicates the profit, while the denominator represents the amount you need to wager to win the profit.
As for Nepal and other Asian countries, the decimal odds format is the acceptable format. An example is 1.5 or 2.4. Besides being very easy to understand, this format is straightforward. To calculate the amount of potential winning using this format, all you need to do is multiply the odds with your stake. It is that simple! How about you use a quick example to illustrate how this works?
Examples
Let’s assume there is a Premier League match between Manchester United and Chelsea and the odds for both teams to win are 2.5 and 1.5 respectively. This simply implies that the likelihood of Man United winning the game is lower. If you eventually stake NPR 10,000 on Chelsea winning the game, which is more likely to happen, you stand a chance to win (10,000×1.5) NPR 15000 if your bet wins.
Conclusion
Understanding odds is essential in sports betting. It determines the amount of potential winnings you stand to receive if your bet is a successful one. A lot of factors come into play in determining the odds 1xBet may draft for events. For the most part, you can be sure that you will get the best odds with 1xBet in Nepal. Register today and start playing!
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