Most Important Reasons to Compare Odds
Many bettors, particularly newcomers, will wonder why they should bother with football odds comparison.
Are the odds for any particular event really so different?
The answer is yes, the
best sports betting sites in the USA
offer the best betting odds for football and can be up to 50% higher on any selection.
If you place a bet at odds that are just 20% better, then you could win more. This is why it is important to use a good
odds calculator
to work out the type of profit you stand to make from the varying odds supplied from bookmaker to bookmaker.
Each bookmaker will have an opinion on the outcome for a specific event and will adjust their football betting odds accordingly.
Therefore, if you pay attention to the odds when
gambling on football
you could increase your winnings.
Even some of the larger bookmakers can be far from the
best sports betting sites for the NFL
, and much less for the best sportsbook odds for football.
Bookmakers rely on customers getting comfortable with just betting in one place, rather than constantly checking the odds available.
You can even find tools online that will give you an estimate on how much you’re missing out on by not shopping around to find the
best sports betting sites for college football
and, in turn, for the best sportsbook odds for football.
You could say the odds are similar to
online gambling withdrawal options
in that they are an essential part of online gambling operators.
Online vs Offline – Chasing the Best Odds
A number of bettors still use physical bookmaker’s shops to place their bets.
They are most likely not receiving best sportsbook odds for football available if they are simply visiting the bookmakers most convenient for them.
So, is it worth trying out odds comparison and online betting?
The answer is a definite yes.
Online gambling has become increasingly popular and is now a global online industry.
Some of the most prominent bookmakers that still hold shops can also be found online, but not necessarily with the same odds.
Online bookmakers will almost always have the
best betting odds for the NFL
.
If you’re a newcomer to the online betting community, then this the perfect time for you to start using odds comparison.
You don’t have any predetermined loyalty to a specific bookmaker, so it makes the most sense to place the bet that will be most profitable for you.
Odds comparison sites will provide you with a list of the best football sportsbook odds for the event that you have selected.
Simply compare the best betting odds for football for the outcome you’ve chosen, and click the link.
You will then be taken directly to the online site to be able to place your bet.
Most sites will also include the
best betting odds for the Super Bowl
.
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The History of Betting Odds in General
Betting started out with horse race goers placing wagers among themselves.
Initially, these would be straight ‘win or lose’ bets, where one punter would bet on a horse to win and the other for it to lose.
Whatever the outcome, the successful bettor would take the money.
Nowadays, horse racing betting online in the USA is a popular choice among many bettors and there are many top
No.1 bookies
to choose from.
The man credited as the first bookmaker was William Ogden, and he was the first to offer fixed odds for each horse in a specific race.
The summer of 1961 is when the first legal betting shops began to open in the UK.
These offered bets not only for horse racing, but also football betting odds, and over time many other sporting events.
Gambling beginners will be thankful to know that they are living in a time where gambling guides that explain
how to gamble online
are aplenty, unlike the old days.
You will see football betting odds represented in several different forms.
Any
US sports betting guide
will explain the difference between those forms.
It’s essential to understand the three main types of odds when comparing the best sportsbook odds for football, as not all bookmakers will display odds in the same format.
Knowing the odds will give you insight as to
how sportsbooks make money
.
Fractional, Decimal and American odds
Fractional odds are also known as British odds, UK odds, or traditional odds.
This will be the format of most British and Irish bookmakers and is the easiest to understand.
The odds will be noted with either a dash or a hyphen, and display the ratio of profit to stake.
So an equal bet for fractional odds would be displayed as 1/1.
Decimal odds are also known as European odds, continental odds, or digital odds.
They are the most popular odds for bookmakers in Europe, Canada, Australia, and New Zealand.
Decimal odds can be a little more complicated to understand, as they represent the total return and not just the profit.
An equal bet for decimal odds would be displayed as 2.00 ($ 1 stake + $ 1 profit for a successful bet).
Football sportsbook odds USA will likely be displayed as American odds.
Football betting odds in the USA are also known as American or moneyline odds.
Anyone that’s looking to learn
how to bet on football
should know that.
Players looking to bet on
daily fantasy sports betting sites for football
will need to know how those odds work.
These are probably the most complicated odds, as they are represented differently for favorites and underdogs.
The odds for favorites will be a minus (-) followed by the required stake to win $ 100.
The odds for underdogs are a plus (+) followed by the amount of profit per $ 100 stake.
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How odds are being calculated
Bookmakers will start the odds calculation process by setting their own individual margin.
The margin for each bookmaker will be slightly different, and this is why the best sportsbook odds for football or other sports can vary so much on
gambling apps with real money
.
The bookmaker will then subtract their allocated margin from the real probability of each outcome, taking public opinion and the favorites of punters into account.
Calculating the expected value (EV) of odds is a way to make sure you’re getting the best betting odds for football.
An
online casino list
with EV odds is a valuable resource.
If the EV is a positive number, then you would make a profit on the bet if you ran it an infinite number of times.
If the EV is negative, then you would make an overall loss on the bet by running it an infinite number of times.
The equation for calculating the EV is as follows.
EV = (Probability of outcome 1 x Profit / loss for outcome 1) + (Probability of outcome 2 x Profit / loss for outcome 2)
This can be continued for any number of possible outcomes.
The best sportsbook betting odds will have the highest positive EV and will also be the sportsbooks with the highest
US sportsbooks reviews
.
This will give you the best chance for making as much profit as possible for that outcome.
Odds Betting Strategies
Arbing, or arbitrage betting, is where customers place multiple bets on an event to guarantee a profit regardless of the outcome.
Punters will place bets on all possible outcomes of an event so that there is no way to make a loss on the bet.
Matched betting is a particular form of arbitrage betting, often for two possible outcomes of an event.
This means that the punter will place a lay bet with a traditional bookmaker, and also a back bet with a betting exchange.
The number of markets available when searching for the
No. 1 Bookie
with the best football betting odds can be overwhelming.
The most popular football betting markets include:
- Moneyline
- Over / Under
- Parlays
- Game totals
- Prop bets
- Teasers
- Futures
The
best NJ gambling sites
will include all of these features.
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Odds Comparison FAQ
💰 Can I place bets on the odds comparison site?
Usually, the sites available will be specifically for odds comparison, and will not allow you to place bets through the sites. However, you will often find links to the bookmakers in the comparison.
🏦 Why shouldn’t I just bet with my usual bookmaker?
Bookmakers don’t always feel the need to provide the best odds, because they know their consistent customers will bet with them regardless of other odds available. It’s worth checking that there aren’t better odds available to you elsewhere for a specific event.
💭 Why should I bother with odds comparison?
By using odds comparison, the average punter can improve their winnings by 10-15%. Depending on the initial stake, this could be a massive difference in profit just from a single bet.
🤔 Are there differences in online vs offline odds?
There are a couple of differences in the odds available in-store vs online. Generally, the online odds will be more competitive, as the online gambling industry is becoming increasingly popular. However, some land-based stores will allow for negotiation on certain odds.
🪙 Is it free to use odds comparison services?
Most odds comparison sites are free and straightforward to use. You simply need to search for the event you’re researching, compare the odds for a particular outcome, and click the link to go to that bookmaker and place your bet.
Conclusion
Odds comparison is the easiest way to ensure that you’re getting the most profit from a successful bet.
A small difference in the odds can result in a significant difference in profit, so it’s worth checking the best football betting odds available before placing your bet.
The odds comparison sites will give you a list of all of the outcomes for an event and the odds available from the most prominent bookmakers.
This makes it straightforward for you to do a quick check so that you don’t miss out on making more money on a successful wager!
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