A guide to odds and English football betting
English football – A lot of betting options
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English football is probably the most watched football league in the world which means there is huge demand for the game all over the world. As well as bringing huge amount of money to the clubs and TV companies, the interest in betting on English football matches has become a huge industry with a myriad of options to bet on. In fact, there are so many betting options it can be very confusing for the newcomer so it is worthwhile taking the time to understand the different ways to win and what to bet on.
Betting favourites or outsiders?
The emotional attachment of football means it is easy for a fan to place money on their team but this isn’t always the best way to make the most of a betting opportunity. A Manchester United fan may get great enjoyment from watching their team win most weeks but placing money on them winning isn’t an easy way to make money. This is because Manchester United start the majority of their games as favourites to win so the odds on them winning will be low.
Placing money on a lower club like West Bromwich Albion or Stoke City to win will see the odds being much higher and therefore a far better return on the money gambled will be earned. Of course, the odds are a fair reflection on how likely it is to happen so placing bets on who will win the league or on individual games requires a lot of patience.
Thankfully, there are so many different types of bets available that with a bit of thought, a combination of odds can be taken resulting in the possibility of winning more money. An accumulator can be a great way of running bets together and making a bigger return on your initial investment. With more games involved there is a higher risk but this also brings greater rewards.
Compare the bookmakers!
With a great number of online bookmakers, it makes sense to look around and see who has the best odds for the type of bet you wish to make but sometimes there is not much to choose between the different bookmakers. This makes sense as the odds should reflect the likely occurrence of events and any great deviation from the norm could leave a bookmaker open to greater risk of losing money.
Fractional ( UK ) or decimal odds
Another benefit of online betting is that odds are quite often displayed in fractional and decimal form, giving gamblers the opportunity to work with what they are most comfortable with.
The fractional odds are the more traditional version and are simple to understand. If Liverpool are 4/1 to defeat Fulham, betting £1 would win £4 and the return of the original money placed, so £5 is the total amount of money that the successful gambler walks away with.
Decimal odds are also very simple to understand. If Everton are listed as 2.10 to beat Aston Villa, you multiply your stake by the decimal odds to work out how much of a return is available if the bet is successful.
English football is one of the most exciting sports around and placing bets and working out the odds can make it even more interesting for the observer and give even more reason to watch the action.