The term “odds” is an integral part of sports betting. It is essential to know how to read the odds and compare and understand the risk for winning bets. Likewise, knowing the odds is vital to calculating the probability of an outcome.

With many platforms available to place bets, narrowing down the websites with the best betting odds is crucial. For instance, it is a comfort to look at the welcome bonus and other promotions a platform provides but define everything.

This article will look at how bookmakers set an odd, how to read them, and a list of the best odds betting sites that have been rated high by their users.

Sports Betting Platforms – The Odds
Usually, the betting odds are set based on two factors:

Based on trends, statistics, etc.
The margin of the bookmaker
Team or player popularity, among others.

Do Odds Change?

Yes, the odds keep changing. As mentioned above, various factors determine the odds. For instance, if one team is the popular one, some trend change could turn the tide in the other team or player’s direction, impacting the odds. If both the parties are equally essential contenders in a particular game, these could affect the margin by the bookmaker.

Reading the Odds

There are three types of ways to read the best betting odds:

American Odds:

They are whole numbers with a positive (+) or a negative (-) sign in front. For example
Team A: + 120. Here the player needs to bet 100 to win 120
Team B: -120. Here the player needs to bet 120 to win 100.

Factional Odds:

It is used most in the UK. For example, if the odd is 1.7/1, it is to be read as to win 1.7, the player has to bet 1

Betting Sites with Best Odds:

A few of the sites that provide the best betting odds are listed below for reference.

FairPlay Club:

FairPlay Club is known for its best odds in the market. In addition, it classifies itself as a betting exchange and not as a bookmaker. The bets are placed amongst the players and not against the house. Hence, the odds of winning are pretty high. The welcome bonus, other promotions and the ease of withdrawal are other attractive features.

22Bet:

22Bet platform is famous for football betting. The odds of it are one of the best in the market. They also offer regular promotions to their users.

1Xbet:

At a rating of 8.9, 1Xbet is one of the sought-after platforms in the market. Dwayne Bravo is its Brand Ambassador in India. They have live streaming, multi live video, BetConstructor, amongst the other features.

Bet365:

They are a famous and recognized brand in the world of online gaming. Their platform includes football, horse racing, cricket, among others. Apart from regular promotions, they also have live streaming and live betting for their users.

Rabona:

It is a new betting site, but its odds are among the best. They offer the latest games and features. In addition, they give a detailed review of the match. Most users prefer this site for live betting.

Choosing the Best Odds Betting Sites
It is best to keep the following factors in mind while picking the site that provides the best betting odds:

Limits on the Bookmakers:

There is always a minimum and maximum payout limit for any bookmaker. You can examine these limits on winnings to make an informed decision.

Margin:

Assessing the margin is another factor. However, if the odds are excellent, this will be secondary.

Live Betting:

It isn’t enough if the site offers just the canopy view, it should also provide betting in many games and markets, including in-play betting.

Best Acceptance Time:

The time required by a platform to accept the bet is crucial. Therefore, it is a factor to be keyed in along with the odds while choosing a site.

Practice, understand the odds and read about them to ensure wins. Along with it, keep a watch on the trends, statistics, and line shopping. Once you understand sports odds, it is easy to evaluate the sites that offer the best betting odds and win on them.