What punters should know about odds formats?

If you are new to online gambling, it is very possible that the odds displayed at your preferred online football bookiewill be very intimidating. Those fractions and numbers can be overwhelming to new punters who simply want to place wagers on their favorite sports. The biggest advantage with online gambling is that no matter what sportsbook or what country a punter comes from, the best online bookmakers provide their members with important tips or information on how their odds work and the odds systems they use. This is why most of them provide different formats of odds on all markets.
New punters should also understand that there are also online odds calculators which are the best tools any punter can have. Odds calculators allow punters to enter in a percentage format, the chance of a winning bet. The calculators will then automatically convert this percentage to three odds formats including fractional odds, decimal odds and American odds. All bookmakers like Asia855 display odds based on how their members understand them and those who do not understand the formats are given a chance to convert the odds into a format they understand the most. The common odds format punters can find online is fractional odds. Bookmakers in the United Kingdom display fractional odds on their sites and this is a common format for all sports betting activities provided on their site. Fractional odds provided by a football gambling agent are a net total that punters will earn if they win their bet, relative to the wager they placed. For example, 5/1 as a fractional bet will see a bettor win $50 from a wager of $10. Since the punter’s stake will be returned after winning the bet, the total return of the bet will be $60. In contrast, if the offered fractional odds are 1/5, this will earn a bettor $2.00 if the bettor wagers $10. Therefore, the total amount the punter will get is $12.00. Click here for more information sbobet online (bandar sbobet online)