Understand the 2 common betting odds systems, and when and why it is useful to switch between them. Plus, we cover Starting Price, Overround, and Wisdom of the Crowd.
- Fractional odds (e.g. 5/1) make it easy to see how much profit could be made relative to the stake. However, different possible denominators may make comparing odds at a glance difficult.
- Decimal odds (e.g. 6.0) make it easy to calculate accumulator returns quickly, as well as comparing odds at a glance.
- Switching odds formats is easy to do with most online bookmakers, and may be helpful depending on what you are doing at the time.
- Learn about Starting Price betting, where you do not know in advance what odds you are getting. Nevertheless, sometimes this might be a good option (or even the only option).
- Find out what overround is, how it affects any bet you place. Understand it is in your interest to find relatively low overrounds.
- We also cover how Wisdom of the Crowd affect odds.
- Get stuck in to our definitive guide to learn all this essential information, before you place your next bet.
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