Everyone interested in sports betting knows that online bookmakers are more popular now than ever before. Despite the fact that some people use land-based betting shops to talk to their friends, iGaming has taken over the sports betting industry by storm. If you ever decide to use the gambling industry info and gambling guidance provided by Efirbet, you will see that online bookmakers offer way more things. Thanks to the reviews written by professionals, this site reveal every company’s payment options, betting sections, bonuses, and more.
Speaking of betting sections, punters who want to wager on sports are usually interested in the given site’s sportsbook. The latter has different designs and a variety of features. Some companies provide way more things than others, but they have a lot of things in common because all of them offer loads of markets and (sometimes) competitive odds.
Having access to good odds and plenty of markets is extremely important if you want to punt on sports. Since some users may not know a lot of information about those things, this article will point out a few important things.
Bookies determine their odds using a special formula
Online punters who decide to compare a couple of gambling websites side by side will notice loads of differences. Some events may have similar odds, but most options will be completely different. That’s because online bookmakers use a different formula to determine their odds.
Speaking of the devil, some of the top sports betting sites are accessible in many countries. Consequently, they provide local punters with several odds formats so that they can choose the most appropriate option.
The odds formats
There are all sorts of popular odds formats you will have access to, but the go-to option for most punters in Europe is called Decimal. The professional analysis from Efirbet always includes information about the odds and their formats, which means that you can choose the best website that offers this odds format.
Decimal is a system where we have to divide 100 by the chance of winning. The end result is expressed in percentage and it shows how likely a given team/player is to win. Since European punters use all sorts of gambling sites, almost every brand in the world offers this option.
The second popular odds format is known as Fractional, and it is most common in the UK. However, you can find it in many other countries, such as Australia, India, and even some parts of the US (although US bettors use their own formats).
The American odds are slowly gaining more popularity because many of the top gambling companies globally are now accessible in the US.
There are markets that are not worth it
After you decide the odds format you want to focus on, it is time to pick a given sport and check the available markets. As mentioned earlier, there are loads of different options to choose from, especially if you pick some of the more prevalent alternatives.
For example, sports like football are notorious for providing users with hundreds of pre-match and live betting markets. Even though some of them seem attractive and provide good odds, others only seem good on paper. They have high odds, but they are tough to predict.
While we are on the topic of markets, we have to point out that people who stake on live events will have access to more options. Usually, online bookies provide certain markets to their live bettors that are not available to regular punters. Although there are loads of options, most of them are short-termed.
