Continued..

• Author: Ed
• Filed under: Tips
• Date: Jun 21,2008

Following on from the previous post on sports betting terminology we’re going to go one step further today and take a look at some written terminology today in order to help us understand the ‘jargon’ a bit further.

Sports betting can be like a science with very complex literal notation to describe games and other events.  However, with a bit of practice it is easy to decode and start using it to your advantage.

Lets start by taking a look at odds.  They are a nightmare for many people, but they are actually really easy to figure out.

With every bookmaker there are always a number of betting types available, but what you need to be aware of are odds.

Many people over calculate the odds – but its very very simple.  Base it on this working -

If odds are 8/5 then for every £5 you will get $8 back.  so if you have a bet of £15 you will get – £24 back. 

If odds are ‘even’ and you wager, £5 – you will get £5 back + £5

Odds on: if your odds are 1/2 you wager £1 and get £0.50 back

Basically in ‘modern terminology a 1/1 bet returns 200% i.e £1 + £1 a 2/1 returns 300% your initial bet + 200 % profit.  if you bet a 1/2 you get 150% (100% plus 50%).

Odds are a trouble for many people. Don’t get confused at the race track or at the bookmakers. It is important to be able to calculate your winnings so that you can have strong gaming sessions. Another handy hint – Many mobile phones now have calculators. Don’t be afraid to use them.

Enjoy your next betting event.