Well, let us start at the beginning and basis of betting – Odds. In layman’s terms, Odds is a term used in betting to show the probability that a certain event will occur. The odds are usually small when the likelihood of an event occurring is high and high when the likelihood of an event occurring is low.
There are many ways of odds to be represented, so it was important for myself and other punters. to fully understand the different ways of that odds are represented and how to play them appropriately. Failing to have such knowledge, I and possibly others may end up making idle bets that may lead to unfortunate outcomes. Fortunately for when I started anyway, bet365 uses simple betting odds that are easy to understand even for customers who are inexperienced in online betting. The two main types of betting odds bet365 uses are fractional and decimal. As the name suggests, fractional odds represent odds using fractions, old school. For example, an odd may be represented as 2/1. Such an odd means that for every £1 wagered you win £2. Another may be represented as 5/2. A 5/2 odd means that for every £2 you wager you win £5. Fractional odds are also called British odds because they are very popular in Britain. Apart from fractional odds, bet365 also uses decimal odds. Decimal odds, also known as European odds because of their popularity in continental Europe, are much simpler than fractional odds. For example, an odd shown as 3.00 means that you get three times the amount you wager on the bet. It is similar to a 2/1 odd. The simplicity of decimal odds lies in the fact that all you have to do is multiply a number of pounds you are wagering on the bet with the odd to find out how much you will get if your bet is successful.
I have found that some of the highest odds in the online betting industry can be found at bet365, which I assume why is so popular. For even games (games that have a 50% chance of going either way), I have the odds can be as high as 1.9. Apart from even games, I believe the betting odds offered for underdogs are also high in most cases when compared against other online bookmakers. With such great odds, bet365 offers successful bettors, I let to think myself included, with some of the best returns one can get from gambling online.