iLOT BET: Sports betting odds explained

IKEJA, Nigeria - Nov. 14, 2022 - PRLog -- For amateur bettors, there are a few things on a bet sheet or a betting app that will be foreign. One of the most important things to understand is how betting odds work and what they mean. To start, odds are presented in a few different ways and the numbers mean drastically different things depending on what system the sportsbook is using. There are three common ways for odds to be presented: American odds, fractional odds, decimal odds, point spreads, and over-under bets.

American odds: One way in which bookmakers represent the sports betting odds is by placing a plus or minus sign before a number. This is called the American odds representation. Here, when a minus sign precedes a number it shows how much money needs to be bet on a team or competitor in order to win. Typically, this number is greater than 100 and indicates that the team or competitor is a favorite or expected to win.

Fractional odds: The book makers in England state the odds as fractions. They are written as 6/5 or six to five and so forth. Here, the first number is the amount that can be won if the sum placed as a bet is equal to the second number.

Decimal odds: Decimal odds are shown as one number, which is the amount a winning bet would collect on a 100 naira bet. If the odds are listed as 6, a winning bet would receive 500 naira profit and the original 100 naira bet. Anything between 1 and 2 is a favorite bet and 2 is an even money bet.

Point spreads: Sports betting can take place on various types of games. When the game involves scores, the gambler can bet not only on who or which team will win but also by how many points. The bets on the points are called point spreads.

Over-under bets: Another way in which sports betting odds are offered is called over-under. Again, this type of bet can only be offered when scores are kept in the game being played. In such cases, the bettor can bet on the total number of points scored by both the teams regardless of which team scores how much

Using all this information, as bettors you should understand how to use your odds to place bets. iLOT has the best odds on their betting platform. Click here (https://www.ilot.ng/worldcup2022-gameguess/home?c=sap) to register and start betting.