Why getting good odds is essential

Why Good Odds Are So Important

Any New Zealand punter who has placed a wager on a sporting event or race or two will know that odds are applied to the event by a bookie or an online sports betting site. These odds may vary from site to site and can be the difference between a successful, profitable wager and a disappointing one.

What Are Good Odds?

Odds are there to tell you the probability of an event happening. Odds play a part in the entire world, not just online sports betting so getting a handle on them will help you in many situations. When it comes to sports betting, however, the odds will give you an indication of how the event should play out. Odds on a rugby game will give you an idea of which team will win and in the same way odds on a horse race will give you an idea of which horse will win. Of course, odds are not a definite prediction by any means, we all know how anything can happen.

Good odds are odds which fall in line with your idea of how the game or race may play out. Any punter worth his salt will have done their own research before placing a wager, and therefore have an idea of how the game may go without having to look at the odds sheet. Good odds also play a part in how much you will win if your wager is successful; the higher the odds the lower the pay-out.

How To Spot Good Odds

So you have perused a number of online and mobile sports betting sites which are available to New Zealand punters, and a number of them have different odds. How do you choose which odds are the best? Firstly, you need to have a sound knowledge about what you are betting on. Knowing not only the sport but also how the betting system works is essential for any punter placing a wager.

Good odds should fall in line with your opinion of how the game will play out. For example, in a rugby match if you think the two teams are pretty evenly matched, but a site offers high odds on one and low odds on another, they will not work for you. In the same way, you need to look for odds which will earn you money. In a horse race, there are seven horses running for your money with Caulfield Cup betting. You know that the favourite has been off for some time and is wearing a piece of equipment which is new to him. You also know that one of the underdogs is rising in form and running in preferred conditions. Good odds for you would be low odds on the underdog winning as if you are correct then you will turn a good profit.

Shop Around

I cannot stress enough how important it is to shop around for the odds which you feel suit you best. There are a vast number of online and mobile sports betting sites which can be accessed by New Zealand punters, so there is no shortage of choices. Choose sites which you trust and which have a good track record. Beware of unheard of sites with no reviews even if they offer amazing odds.