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Featured Betting Odds
Betting is a form of gambling. It means predicting the outcome
of a game by pacing a wager on the best man or the best team. Betting could
also be between two friends on an outcome of an act. It may not always involve
money but the one you wins a bet gets a prize in cash or kinds. Sports betting
have grown in heaps and bounds recently. More than entertainment it has now
excelled into a profession. Although the acceptance of betting as a profession
varies with nation and religion, it has become a well known source of
recreation and entertainment.
In probability, odds is defined as p / (1 – p), where p stands probability.
Probability means the chances of you to win or loose the bet. This term is
mostly used by bookmakers in sports betting. For example an event if the
probability ranges from 1 to 5 then the odds would be 0.25. On the other hand
if the probability ranges between 4 to 5 then odds would be 4. Betting odds
involve terms such as frictional odds, decimal odds, craps and money line
odds. If you bet 1 according to the odds and then in return get 4 more along
with the 1 that you put on stake then this is known as frictional odd. This in
decimal odds would be represented as 5.0 in craps payout as 5 for 1 and in
money line as +400. These betting odds vary according to the game you are
betting. I.e. the betting odds for soccer are different to those for hockey.
Thus, it is suggested to go through the betting odds of the respective game
you are interested in, before making any deals or bets.
Slang used in betting odds:
Some betting odds slang are used to describe the frictional odds in betting.
These are as follows, evens-levels are known as scotch, 2/1 is called bottle,
3/1 as carpet gimmel, 4/1 is known as rouf, 5/1 as hand, 5/2 as face , 6/1 is
called as X's, 7/1 is known as Nevs, 8/1 as T.H., 9/1 is known as Enin, 10/1
as Cockle and Net ,11/10 is called as Tips, 33/1 is called as Double
Carpet,100/30 is known as Burlington Bertie.
Remember, you can beat the odds, but you can't beat the percentages.
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