Some Betting Terms
First things first, even if you do understand the sport that you plan on betting, you need to understand that there are different terms that are specifically used in betting. For instance, even if you know what offside is in soccer, you probably don’t know what accumulators are in betting – and you can make accumulator bets in soccer.
So, we’d suggest doing research on betting blogs to see what the types of betting mean, what stakes are, what handicaps are, and also learn the short codes for certain things like DNB – Draw No Bet.
Understand the Odds
The odds are basically the chances of a game ending in a certain way, and these chances or stakes can be expressed in different ways.
For instance, we have fractional odds which are very common. These odds are expressed something like this: 2/1, 10/1, 100/1. These numbers indicate the winnings you will receive depending on how much you stake. For example, if you have odds of 2/1, it shows you that for each $1 you bet, you’ll win $2 more.
On the other hand, we have decimal odds. These have your stake included in the winnings. Basically, decimal odds of 3.0 is in fact 2/1 because for each $1 you bet at a 2/1 odd, you’ll get a total of $3 (2+1).