Betting Sites with Highest Odds

Top Betting Sites with the Highest Odds

Every betting site claims to have the most competitive odds. With new bookmakers cropping up daily, finding bookies with the highest odds is fast becoming a complex task requiring plenty of time and painstaking research. Luckily, we have summed up the top betting sites with the highest odds on the market. Check out the list below.

New Betting Sites with Great Odds

As mentioned before, lots of sports betting sites are popping up every year, each claiming to have better odds and more enticing bonuses than the last. But which of them truly offers the highest odds? Check out our list of the top new sportsbooks with great odds below:

Betting Apps with the Highest Odds

One of the best inventions in the betting industry is mobile sportsbooks. Whether placing wagers via a mobile browser or a downloadable app, bookmakers have done a brilliant job crafting an on-the-move betting experience. Here are the best betting apps with the highest odds on the market right now:

Understanding Odds and How They Work

It's pretty clear that the competition between bookmakers to offer the best odds is fierce. But how do you differentiate between high and low odds? Well, first, you must understand the concept of betting odds and how they work.

When it comes down to it, odds imply the probability of an event happening. More specifically, betting odds reveal the bookie's opinion on how likely an event is to occur. The more likely it is to take place, the lower/shorter the odds.

But if the event is less likely to occur, the higher/longer the odds. Likewise, betting odds show how much a bettor is expected to win if their wager is successful. Generally, the higher the betting odds, the higher the payout, and vice versa.

Did you know bookmakers use different formats to present their odds? Thankfully, the format used doesn't affect the value of the odds payout in any way. It just depends on which format is easier for you to understand. So, here are the different odds formats used in sportsbooks:

American (Moneyline) Odds

Often found in US sportsbooks, American, moneyline, or US odds are those that come with a plus (+) or minus (-) sign. Those with a + sign represent the underdogs, or the team the bookie thinks is less likely to win. The accompanying value suggests the payout you will receive for every successful $100 wager.
Alternatively, the favorite, those with the – sign, represents the team the bookie thinks has a higher winning chance. The accompanying value suggests the minimum bet amount to wager to win $100.

Decimal Odds

Also known as continental, digital, or European odds, decimal odds are much simpler to read and understand. You can easily spot the favorite and underdog from the value of the digits. In other words, the team with higher odds implies they are the underdog, while the team with lower odds is the favorite.
In calculating the payout, decimal odds imply the amount you stand to win for every $1 staked if your wager is successful. So, all you have to do is multiply your bet amount by the decimal odds. Unlike American odds, the profit and stake amount is already included in the total payout.

Fractional Odds

Extremely popular in UK sportsbooks, fractional odds are also easy to understand. The fraction's numerator reveals your potential payout, while the denominator shows the minimum stake amount. But you'll have to add the bet amount to the potential payout.
In addition, fractions whose numerator is of higher value than the denominator imply that the event is less likely to occur. But if the fraction's denominator is of higher value than the numerator, that outcome is highly likely to occur.

Hong Kong Odds

Often found on Asian betting sites, Hong Kong odds are similar to decimal odds. However, they do not include the stake in the total payout amount you get after multiplying your stake by the provided odds. In other words, they only reveal the potential profit amount for every $1 staked.

Indonesian Odds

As the name implies, these odds are rife among Indonesian bettors. Often quoted as a combination of Hong Kong and American odds, Indonesian odds come in two types: positive and negative. Positive Indo odds (representing the underdog) are those with a + sign and pay out higher. But the negative ones (favorites) are those with a -sign and have lower total payouts.

Do note that Indo odds are calculated based on a $1 stake. So, if you have a -1.50 Indo odd, it means you will bet $1.50 to potentially win $1. But if the Indo odds are 4.50, you can win $4.50 for every $1 staked. Do note that the + sign in Indo odds is sometimes implied.

Malaysian Odds

Commonly known as Malay odds, Malaysian odds also come with positives and negatives. For the positive prices, they work like Hong Kong odds. That is, they show the profit per one-unit stake. However, for negative prices, you divide the odds by your stake to get a potential return. Moreover, you must add your stake amount to the return to get the potential total payout.

Enhanced Odds – What Does it Mean?

Among the topmost improvements in online betting in recent years are enhanced odds. They are also known as odds boosts or price boosts.

Usually available to new customers, these are promotions where the bookmaker deliberately increases the prices on select markets. That way, they give punters a chance at winning bigger payouts, usually 10% – 40% more in profits. You don't even normally need any promo code to access them.

Think of enhanced odds like a sale or discounted price. Their main goal is to give you more for less stakes. So, you are convinced to place bets on specific markets you would otherwise consider for other bookmakers.
And like many other promotions, enhanced odds are short-term. So, once you find them, seize the opportunity while it lasts.

Another vital point to note is that enhanced odds come in varying terms and conditions, depending on the bookmaker. Often, the oddsmaker provides a stake limit as well as a payout limit.

Such offers are also often paid out in free bets. But that doesn't mean it's uncommon for bookies to offer free cash payouts from such promotions. So, ensure that you look through the terms and conditions before using enhanced odds.

Author's Tips to Find the Highest Odds

Let me clarify one thing right away. No sportsbook offers consistently high odds throughout the year. If a betting site purports to always have the best odds, it's probably blowing hot air.

After all, with odds constantly changing based on varying factors, a bookmaker cannot consistently lower its margins on all its markets and still be able to pay substantial profits. That's why I recommend bettors always shop around before settling on a site that claims to have the highest odds.

Consider the odds of various markets as well as the performances of both sides of the specific match. You want to ensure that even though the site has competitive odds, there's a decent probability of winning the high-odds bet.

“Likewise, be careful not to spend more money than needed, no matter how attractive the odds are.”

Our Verdict

If you intend to bet with high odds, ensure your investment is worthwhile. While many don't go the extra mile to determine whether a bookmaker claiming to have the highest odds actually has them, you owe it to yourself to dig as deep as you can when evaluating the odds and implied probability on different markets and sports.

Consider the factors listed in this detailed guide when looking for high-odds betting sites. Don't forget to keep a lookout for enhanced odds. Do note that even though you don't have a high-risk betting appetite, we still recommend that you take the information in this guide into account when searching for good odds.

After all, the only way to enjoy a high-quality, exciting, and profitable betting experience is to remain vigilant with your research. But if you don't have the time to do that, we recommend trying our recommended top betting sites with the highest odds.