Master Basketball Betting Odds explained in the Decimal format using example from real match. Wager on the hottest basketball odds for just RM2 at M88 Sports.
Betting odds in sportsbooks is one of the most important aspects that helps every bettor understand their payout returns as well as which team is more likely to win. So, when learning how to bet on basketball matches, the most important thing you must learn is all about how the basketball betting odds work in sportsbooks. In this article, we will explore everything you must know about basketball betting odds explained with real match examples from M88 Live sports.
What is the Basketball Odds meaning in Sportsbooks?
Before we introduce you to basketball betting odds explained with M88 sports examples, let us talk about what exactly are the basketball betting odds in sportsbook. As discussed above, betting odds are important aspects of sports betting that provides you with essential information for you to place accurate wagers by knowing how much to bet, how much the payout would be on winning bets, and also which team is more likely to win in the sportsbook.
Betting odds thus are important, and the most you will read this basketball betting odds explained article, the more you will understand how to read them. The betting odds in sportsbooks can be high or low, and also can vary in formats. Below mentioned are the 3 major betting odds format that you will common betting odds format that you will find in sportsbooks. However, keep in mind that among these three the decimal betting odds format is extremely popular and used worldwide. So, read on to learn more about basketball odds that area major part of M88 Betting Tips to earn big.
Decimal: The decimal betting odds are given in the decimal format and uses the formula betting odds x betting stakes = total payout returns. This formula makes it easy to understand how much the winning amount would be and also which team is more likely to win as shown in the below basketball betting odds explained sections.
Moneyline: The second kind of format is the Moneyline betting odds which are odds given with a positive and negative marking as shown in the image above. So, if the betting odds are -10 then this means that you must spend RM10 in the sportsbook from your bankroll to earn back double the amount if your bet wins.
Fractional: The next kind of betting odds is the fractional betting odds that is a simple format yet is rarely used these days. The Fractional odds are given in fractions so if the betting odds are 20/40, then this means that you must wager RM20 to earn RM40 as the payout returns.
Basketball Betting Odds explained with M88 real match examples
Let us now move onto the next basketball betting odds explained section and look into the popular decimal betting odds format using M88 Sportsbook example. The decimal odds are popular because it uses a simple formula to read the betting odds. Moreover, the decimal odds also clearly indicate which team is more likely to win than the other thanks to the same formula.
Formula Used: Betting Odds x Betting Stake Amount = Total Payout Returns on Winning Bets.
Wager on Team 1
Wager on Team 2
Betting odds: 2.31
Betting odds: 1.60
Betting stake amount: RM10
Betting stake amount: RM10
Payout returns: RM23.10
Payout returns: RM16.00
As you can see the betting odds are multiplied with the betting stake to provide the payout returns if your bet wins. If you bet loses, then the betting stakes are deducted from your account wallet and thus, lost. That being said, you can also see that the higher the betting odds the more payout returns you can get thanks to the formula. This is because higher odds come with more odds to defy, and lower odds have fewer odds to defy in the sportsbook. So, this means that the team with lower odds are more likely to win in the sportsbook.
3 Key Aspects of Basketball betting Odds you should know
In the final section of this basketball betting odds explained article, let us leave you with 3 key aspects that you should keep in mind about basketball betting odds. These are important reminders so that you can strategize using basketball odds for betting on top leagues to gain optimal results and huge payout returns.
Early odds are estimates provided by analysis: The first thing you should know is that early betting odds are provided based on predictions of the previous matches between the teams as well as analysis of forecasts like player injuries, friendly match history, etc.
Odds change based on real match outcomes: The early betting odds are likely to change or slightly fluctuate based on the real match outcomes since the real gameplay ultimately influence the betting odds to provide accurate predictions.
Lower odds are easier to win than higher odds: Lastly, as shown above, lower odds are more likely to win since they have fewer odds to defy. So, if the odds are high in early betting, based on the real gameplay, the odds could go low during live betting.
Conclusion
This was all about Basketball Betting Odds Explained with real match examples and simple explanations for beginners. Join M88 to wager on basketball betting starting at just RM2 in the sportsbooks. Claim a 150% up to RM888 welcome bonus on M88 sports products on your first deposit as an official member. For more betting guides, tutorials, tips, tricks, and strategies for beginners, keep visiting the 88MYR website.
