Understanding Soccer Betting Odds

There is no shortage of people who would like to establish a regular income from betting on soccer but one aspect of this recreational activity that many people have difficulty with is understanding soccer betting odds.

Being able to understand soccer betting odds is crucial and can sometimes make the difference between turning a profit and taking a loss. There are several different types of odds used in different parts of the world.

Fractional odds are hugely popular in the United Kingdom especially among the traditional high street bookmaker and followers of the horse racing betting scene. Despite this popularity, there are many novices who struggle to grasp fractional odds.

Decimal odds were for a long time only used in European countries however the birth of the betting exchanges changed all that as decimal odds became the preferred choice for most betting exchange users. Decimal odds are much easier for a newcomer to understand and these days most online bookmakers offer odds in decimal as well as fractional format.

Moneyline odds are favoured by American bookmakers so are not widely used in the United Kingdom or Europe. Moneyline odds offer just two possibilities which are either positive or negative.

Regardless of which type of soccer betting odds you are using there are many free resources which can assist in the conversion of odds. Using these conversion tools can explain just how much money you stand to win or lose from a particular bet by taking into account your stake size and the odds concerned.

When you have developed a better understanding of soccer betting odds you can then concentrate on using these skills alongside your knowledge of soccer to create a source of additional income.

To read more articles relating to soccer please visit English Football Blog for the latest news and comment on the English soccer scene.

The author is an experienced sports journalist and has a keen interest in sports betting, poker and financial trading you can see some of his work at Football Betting System which is a popular soccer betting resource for use on the betting exchanges.