SG odds are a very important aspect of sports betting. You need to understand them as well as how to use them properly if you want to become a successful sports bettor. You can use betting odds to determine the amount of money that you will get back from winning wagers, but that is not all.
You probably do not know that there are different ways of expressing odds, or that betting odds are closely linked to profitability of a wager winning. The betting odds also determine whether or not any particular wager represents good value. When deciding to make a bet, value is definitely something that you have to consider. Betting odds also play a very important role in how bookmarkers make their money.
As already pointed above, SG odds determine the amount of money paid out on winning bets. It is for this reason that they are referred as the price of a wager. Wagers usually have a price that is either odds on or odds against. Odds on means that the potential amount that you are likely to win is less compared to the amount staked while odds against means that the potential amount that you can win is greater compared to the amount staked.
You will still make some profit from winning an odds on bet because your initial stake is refunded too. However, you will be putting to risk an amount of money that is higher compared to what you are likely to win. In case wagers are more likely to lose than win, they will be odds against.
SG odd can also be even money. This is a bet that returns exactly the amount you staked in profit, plus the original stake. It is basically double your money.
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