The inability to read sports odds is a big headache suffered bymany punters who are new to the world of online sports betting, and this has led to avoidable huge losses for many bettors. If you are new to sports betting and you’re also facing the same problems, don’t fret, this article will solve all your problems. Nigeria’s finest online sports betting platform, BetKing has put together a guide to help you understand How to read and calculate sports odds: 1. Over Bets 2. Under Bets 3. Live Betting 4. and Pre-match betting on BetKing.
**What are Sports Betting Odds?** Sports betting odds are numbers set by bookmakers to measure the likelihood of a particular market occurring in a sports event. They can also be used to calculate how much money you could win if you make the right bet. So, odds help you understand the chances of winning and how much you will win if you get your picks right. At BetKing, odds are represented in a decimal format (e.g., 1.50, 2.90, 4.25) etc. The higher the odds, the less likely the event is to occur, while the smaller the odds, the higher the likelihood of the event to happen. [Betking](https://m.betking.com/) provides you with the best odds in the market, free bets, free sports betting tips huge welcome bonus package and many more offers for your gaming pleasure. [Sign up now](https://m.betking.com/account/registration) to be part of the Legion of Winners who already enjoy the ultimate betting experience on BetKing. **How to calculate your Potential Winnings:** Now that you understand what Sports Betting Odds are, let us delve into how you can calculate your potential winning from the odds of your selected bets. Calculating your potential winnings includes your stake, which is the amount you are willing to place on a bet. Your stake is to be multiplied by the [total] odds of your bet to get your potential winnings.
**What is an Accumulator?** An accumulator, also known as Combo bet, is a type of sports bet where you combine multiple individual bets into one larger bet. To win an accumulator bet, all the individual bets within the combination must be correct. The potential payout in an accumulator is higher than if you were to place each bet separately, but the risk is also greater since a single incorrect prediction can cause the entire accumulator bet to be lost. To mitigate this risk, BetKing provides you with a ridiculously high Acca bonus (300%!) which gives you the opportunity to increase your potential winnings just by placing bets with a minimum of five selections at odds of 1.20 or higher.
**Over Bets:** These are bets where you predict that the outcome of a total score or incident will be higher than a specified value set by BetKing. For example, if you place a bet on Over 1.5 goals in a football game, betting the “Over” means you are predicting that the combined goals scored by both teams will be higher than 1.5, that is a minimum of 2 goals must be scored in the game to win the “Over 1.5” bet. In a case where the combined goals scored is less than 2 goals in an “over 1.5” bet, the bet is lost. If you place a bet on “Over 7.5” corners in a football match, it means you are predicting that the combined corners taken in the match will be more than 7 to win the bet. For every Over bet, the outcome must be higher than the Over bet placed
**Under Bets:** These are bets where you predict that the outcome will be lower than a specified value set by BetKing. It is the complete opposite of an Over bet. Following the same example, if you bet the “Under” on total goals scored in a selected game, it means you are predicting that outcome must be lower than the Under. E.g. Under 3.5 goals, means the combined goals scored in a game will not be more than 3, if it exceeds 3, the bet is lost, if it is 3 or lower, the bet is won. This applies to every other incident such as Corners, Yellow Cards, Red Cards etc.
**Live Betting:** Also known as in-play betting, this refers to placing bets on a game or event while it is still ongoing. You can make real-time bets on various aspects of the game, such as which team will score next or how the game dynamics might change. Live betting allows you to react to the evolving circumstances of the game.
**Pre-Match Betting:** This involves placing bets on the outcome of a game or event before it starts. You are predicting the outcome based on information available before the event begins. Pre-match bets are typically placed well in advance, allowing you to analyse the teams, players, and other factors before making your predictions.
**Summary:** That is our full rundown on how to read sports odds. So now, you will know how to read odds and how to calculate your potential winnings. Since you now understand how accumulator bets, Acca bonus, Over & Under bets, Live and Pre-match betting works, you’re ready to start betting, go to [register on the Betking Mobile website](https://m.betking.com/account/registration), fund your account, and start winning! You can now begin to bet on live matches today, check today’s match result, enjoy free tennis betting tips with high odds, [learn how to pick a winning ticket in football betting](https://m.betking.com/blog/betting-tips/mastering-the-game-how-to-pick-a-winning-ticket-in-football-betting-on-bet-king/) and much more, all on BetKing. As always, remember that sports betting involves risk and should be approached responsibly and thus, ensure that you bet only on what you can afford to lose.