For those players have never tried betting at online sportsbook before – or wagering in a land-based bookie for that matter – understanding the best odds bookmakers have to offer can seem a somewhat complex challenge.
Fortunately, it doesn’t need to be. We’ve got a handy guide to the best odds bookies can provide that will have you off the ground and running in no time. This article will provide you a complete set of answers that will definitely help you to totally understand this concept – and this really is no big deal.
- 1Best odds guaranteed General Terms & Conditions
- 2Best bookmaker odds explained basically
- 3Various bookmaker odds formats
- 4What about European and Asian Handicaps?
- 5A word on short and long odds at Bookmakers
- 6Bookmaker’s price boosts and Enhanced Odds
- 7Best odds guaranteed: A Simplified Explanation
- 8Using our research to choose a leading online Bookmaker
- 9Each sport may present wildly different odds
- 10Finding the best odds Bookmaker for your favourite sport
- 11The Importance of Best Odds Bookmakers
- 12Tools and Research: Preparing to Place Your Bet
- 13Best odds bookmakers FAQ:
Top 10 Bookmakers by Odds in 29 November 2022 – Updated List
Best odds guaranteed General Terms & Conditions
Best bookmaker odds explained basically
Various bookmaker odds formats
While the above example (fractional odds) is simple to grasp, many bookies outside of the United Kingdom choose to display their odds in another format – known as a decimal. These are just as easy to understand when you see them in action. Decimal odds appear as the exact figure you will win to a single pound or euro bet. In the example above, then, Manchester United’s odds of success would be displayed at 2.00 and not 2/1 in decimalized format. By contrast, Liverpool’s would be 10.00 instead of 10/1.
Some of the best odds bookmakers prefer decimalized, and others prefer fractional, but most will allow players to change how they view the odds. Some of the best odds bookies prefer a third format, known as American odds, and these tend to be used for major US sports, such as baseball, basketball, American football, boxing, and hockey. We explain more in our articles on how to read boxing odds and how to read baseball odds, for both odds formats. American odds are complex and involve spread betting strategy (which is an issue for another day). For rookies just getting off the ground, it is better to stick to decimalized and fractional odds for now.
What about European and Asian Handicaps?
A word on short and long ddds at Bookmakers
Straight away, by looking at the best odds bookies have to offer, players will be able to gauge the likelihood that something is going to happen in a sporting event. The odds which are the shortest (pay the least) represent what the bookie feels is to be the most likely outcome. The odds which are the longest (pay the least) represent events that are unlikely to occur. Before a match starts you may see odds drifting or odds shortening.
The best odds betting sites will have done plenty of research to come up with those odds. These include factoring in elements such as the weather, fatigue, injuries, form, and many other variables. Even so, not all bookmakers with statistics agree, which is why you can end up with several online bookies offering conflicting odds on the same match. It is up to you to determine which of these sites is best suited for the game you wish to bet on. This is where we come in.
Bookmaker’s price boosts and Enhanced Odds
Best odds guaranteed: A Simplified Explanation
Using our research to choose a leading online Bookmaker
You could choose to do this research yourself. Googling “which bookmakers give the best odds?” or visiting pages that compare odds at a few of the best odds online bookmakers are ways you can go about it. Why go to all that extra effort when you don’t have to, though? We can help you with that. Our team has tested the top 100 new bookmakers and extensively checked out their odds over various sporting events, competitions, and betting markets. A quick look at our bookmaker’s odds chart will reveal which is the best odds bookmaker online for any particular sport or betting market. We have averaged together the results we found to come up with a compelling picture of what the industry looks like. Now that you know which bookies rank highly let’s look at some of the other exciting aspects surrounding sports betting, odds, and bookies.
Each sport may present wildly different odds
Finding the best odds Bookmaker for your favourite sport
The Importance of Best Odds Bookmakers
A sportsbook that offers incredibly long odds can also be one of the best odds online bookies, but only if the bet in question is on an underdog. So bookies might give you long odds of 10.00 for an unlikely outcome. However, if you shop about, you may find bookies who are prepared to offer you odds of substantially more for a no-hoper bet. You can do a little “shopping” also in high street betting shops and find some interesting differences with online bookies’ odds. Use arbitrage betting to cover all possible outcomes and you have a guaranteed profit. When a betting shop is included, you talk about sharbing. These are strategies on how to win at sports betting as they can potentially see players win thousands. The bookies with the best odds will be those which continually offer you exceptionally long odds on unlikely outcomes and odds which aren’t too short on probable events.
Tools and Research: Preparing to Place Your Bet
By now, you will probably have a good idea of which bookies have the best odds margins. However, before you decide to get on with betting, there are a few more handy tips you may wish to consider. Firstly, there are comparison tools out there which can double check that you are playing at the best odds betting site for your chosen sport. By comparing the odds of several different sites using such a tool, you can see which bookies are offered you the shortest/longest odds on a game. Learn also how to find value bets and calculate the implied probability.
A word of warning about using comparison tools; if you do decide to use these options to see which way rival bookies are leaning over big matches, make sure you use one which is regularly updated. Bookies’ odds change frequently depending on those variables we mentioned earlier, such as injuries, weather, form, and suspensions. Even heavy betting (lots of people betting on the same outcome) can see bookies’ odds change, and any comparison tool which isn’t frequently updated can give you a misleading picture of the real odds various sites are offering. We offer you more tips in our how to beat the bookies guide.
Best odds bookmakers FAQ:
Each bookmaker has a team of people doing the grunt work. They are known as traders, odds compilers, and even the fancy sounding risk analysts. Their sole task is to check out the statistics behind a game or match.
There are other things players may wish to consider apart from the best odds bookies have to offer. Security, customer support, banking options, promotions and bonuses should be also be taken into consideration. Bookies offering free bets, no deposit bonuses and more are also appealing.
Yes, it is entirely possible that betting exchanges can offer better odds than bookies, but there is no guarantee of that.Betting exchanges are slightly different from bookmakers, in that they are a marketplace which allows players to wager against one another, as opposed to betting against the bookie
Offering such options would require risk analysts to look at the bet in question. While it is true that some high-street bookies can offer this service, many online bookmakers aren’t likely to play ball, if you forgive the pun.
Best odds bookmakers final aspects
You will find many of the best betting odds bookies here on this site. Choosing to play with any one of those will likely see you end up wagering on your favourite sporting events with one of the best odds bookmakers around. If you follow the advice above, there is every chance that you will not just end up at one of the best sportsbooks, but also be able to wager on sports matches with some of the most competitive odds on the net.
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