Horse racing Bitcoin betting odds can be intimidating to those who don’t understand how it works. There are numbers here and there. Thankfully, once you learn the basics of Bitcoin horse racing betting, it couldn’t be any simpler. All it takes is some time and patience. Never forget that this could be the key to your success here.
A little familiarity with fractions is all it takes for anyone to understand horse racing Bitcoin betting odds. Each horse is expected to race in a list. This is always presented with the payout odds. The purpose of these Bitcoin sports betting odds is to let you and other bettors know how much money yoou can expect to win if you select that horse. If he finishes at your desired position, you will receive generous payouts.
Calculating the odds
Majority of horse racing Bitcoin betting odds are displayed as fractions. All you have to do is multiply your intended wager by the fraction. The number you get represents the winnings you receive.
For example, a 1 BTC bet at odds of 10/1 would give back 10 BTC in profits. Add in the return of your original wager and the total return is 11.
On the other hand, you can also encounter horse racing Bitcoin betting odds that are not in whole numbers. For example, odds of 3/2 and 10/7 might seem tricky. If you don’t have a calculator, you can figure the numbers out by dividing your intended wager by the denominator. When you get the number, multiply that by the numerator.
You can also look at the horse racing Bitcoin betting odds in the sense that they show you how much you stand to win and how much you have to risk. For example, take odds of 9/2. This means you can win 9 BTC for every 2 BTC you wager.
The importance of calculating your odds
It is recommended that you perform some calculations before placing a bet on any of the horse racing Bitcoin betting odds. This way, you can minimize your losses or control your betting. You do not want to bite more than you can chew. Knowing how the odds work is an essential aspect of horse racing sports betting with Bitcoin.
Be confident in every Bitcoin horse racing bet you place. Make best use of your skills and odds to emerge winners at the end of your betting runs.