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Sports Betting Odds – Understanding High And Low Odds

When casino games players look at sportsbook odds, they appear to make little sense. That's because sporting odds are presented in a completely different manner than those given out in relation to casino games. They are somehow reversed. For example, in blackjack, high odds means a better possibility of winning. But in sports betting high odds denote a risky bet, with a great possibility of the punter losing. We prefer to use the UK gambling terms of long and short odds to understand them.

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Sports Betting Odds

If you’re new to sports betting, then there are many concepts to try and get your head around. One of the most important is the difference between high and low odds. Normally, in casino gambling games like blackjack or jackpot poker, the higher the odds, you’ll see the greater possibility of winning. Conversely, lower odds tend to go hand in hand with the possibility of fewer winning chances. But with sports betting these two factors can be completely opposite. This confuses a great number of bettors and causes a huge amount of debate. When you are sports betting then you need to find every tiny advantage you can. That’s because the sports betting odds between winning and losing is very narrow.

Because these two concepts are somewhat open to interpretation and confusion, they can easily lead you astray. This means that you can unknowingly increase your possibilities of losing. Unfortunately, this often means that an enjoyable game ends up leaving you with a bad taste in your mouth. It can also make you very wary of all forms of sports gambling in the future. Today at Jackpotfinder.com we thought we’d take a deeper dive into exactly what high and low sports betting odds mean when it comes to sports betting. Hopefully, this will increase your jackpot winning chances.

In Sports Betting What’s The Meaning Of High Odds And Low Odds?

It’s because the concepts of high and low odds are completely different from the real world that it ends up being confusing for all new sports bettors. Nevertheless, the more experience you gain, the clearer everything becomes. Probably the easiest way to understand these two terms is to look at the way British sports gamblers refer to them. They call high odds, “long odds” and they call low odds, “short odds.” For example, a football match with one team having odds that are long. And the other has those which are short. If you want to win the football jackpot, then you’ll need to understand the difference between these two options.

If you look at these terms in this fashion you’ll find them easier to understand. So short odds are associated with something being easier to achieve. And a match with lesser prospects of winning will have higher odds or long odds. Keep in mind that high sports betting odds will have a better cash payout than ones that are shorter. You can see how these odds function at an online sportsbook like 22Bet Sportsbook. Check out their odds and remember that they will give you a great starting welcome bonus of 122% up to €100 to get your betting journey started.

An Example Of High Odds and Low Odds

Let’s have a look at a real-life example to see how long and short sports betting odds work. Let’s suppose a point spread money line and total in order for a Chicago team. These numbers are + 10, + 450 and + 0210.5. Now facing them is a team from Cleveland. They offer -10, – 630 and U210.5 in the same order. This means that for the Chicago team to win, you’ll receive the odds of + 450. This is a long odd, especially when you consider its distance from 0.

In a situation like this, you’ll find that the sportsbook will try and entice you with either long or high odds. That’s because they are fully aware that your team has a lesser chance of winning the game. Of course, this will have a greater appeal to some gamblers. Simply because the higher the sports betting odds, then the better the payout. But it’s important to consider that you also have a high chance of losing. In reality, this means that you could end up out of pocket and with nothing to show for your sports betting adventure.

When You Should Place High Odds Bets

Only if you’re completely sure of your wager, should you consider placing higher odds bets. Maybe you have a key piece of information that’s going to work in your favour. Something that no one else has. Equally, you could be after the buzz of receiving a bigger payout along with the higher risk. These are probably the two most common situations that cause gamblers to place high odds bets.

When To Place Low Odds Wagers?

If you’re the type of person who doesn’t like to take risks, then lower bets are going to fit you perfectly. If you’re looking for a short sure win, then you should stick to lower odds bets as the risk factor is going to be very limited. But do keep in mind that betting low will only pay out relatively small sums. So it’s a toss-up between the benefits of actually receiving some winnings. Or receiving greater winnings but with a lesser chance of the bet coming home. Many professional sports gamblers do it for long term gain. They tend to place lower sports bets with the idea of steadily and surely building up that bankroll over time. This is possible because they will experience fewer losses.

So Which Is Better?

This is the $6 million question. It’s really impossible to answer as it’s subjective. Different horses for different courses. Now some punters like to place both high and low sports betting odds bets during the same day of betting. Much will depend on how confident they’re feeling at that particular moment. If you’re the type of gambler who enjoys the thrill of the possibility of winning a bigger payout, then we’re sure you can deal with the higher risk. In this case, the high odds will work best for you and allow you a better chance to win the jackpot online. But if you’re more conservative in nature, looking to both guard and grow your gambling bankroll, then we suggest you err on the side of caution. In this case, we recommend that you stick with lower betting odds.

Conclusion: Sports Betting Odds

At the end of the day, how you bet is entirely on how you want the possibilities of winning to play out. As you can see, there are both pros and cons to both high and low sports betting odds. Of course, much will depend on the actual sporting situation you’re thinking of using them in. As well as the jackpot winning strategies that you normally use. To that end, it is probably best to choose the odds that work best for the sport in question. As opposed to the odds you think will function best for yourself. Whichever you choose, the most important thing is that you enjoy yourself. To that end, we suggest that you head over to 22Bet Sportsbook. They cover every sport under the sun, and all with great odds.