It generally helps you to know how to bet on Betway.

In addition, odds show the probability of a specific outcome occurring. The greater they are, the better the outcome of your bet. When you place a wager with this bookmaker, odds will be given at the time. Odds help to figure out how much a successful bet pays out. However, for an underdog odds of +350, you will stake $100 for you to win $350. The American odds use a baseline value of $100, so a bet on a -135 favourite means you must stake $135 to win $100. However, a +200 underdog has a better chance of winning than a +500. For example, a -200 favourite has a better chance of winning than a -120. The ‘-’ sign indicates the favourite, while the ‘+’ sign indicates the underdog. The American odds are also known as the money line odds, and they are usually represented by a + or – sign. The R15 represents the R5 you’d profit from a Barcelona win plus your initial R10 stake. A stake of R10 on Barcelona would earn you R15. For this odd type, you have something like this Barcelona 1.50, Granada 5.20, Draw 3.40.īarcelona is the home team and favourite, and Granada is the away team and underdog. Decimal oddsĭecimal odds represent the amount an individual wins on every R1 stake. So, if you place a R10 bet on Liverpool at 3/1 odds, you win R40, that is, R10 added to your R30 win. Liverpool is the home team, and Norwich is the away team. For this odds type, you have something like this: Liverpool 3/1, Norwich 11/1, Draw 5/1. Generally, fractional odds tell the potential winnings with respect to your stakes.įor instance, a fractional odds of 5/1 means that you win R5 for every R1 you stake, including your initial stake. Fractional odds are usually common to sports betting platforms in Europe and some part of Africa.

Explanation of betting odds