SportsUntapped.com, a leading source of online sports betting information, has just announced the launch of its new tried, tested, true and free betting odds converter. This new tool is great for novice online sports bettors who have a hard time understanding the different ways odds are displayed by regional sports betting sites.
Online PR News – 12-November-2010 – – Sliema, Malta - Online sports betting is a big business; a multi-billion dollar industry in fact. For such revenue to be generated on an annual basis, you not only need veteran sports bettors who come back year after year to place their sporting bets over the internet, but a stream of new clientele entering the market at a steady influx.
SportsUntapped.com has been following the online sports betting industry for quite some time now, providing both new and veteran sports bettors with the tools necessary to make the most prosperous choices when wagering over the internet. The most recent addition to the Sports Untapped line-up is its new betting odds converter, an invaluable tool for beginner sports bettors.
The sports betting authority proudly unleashed its new sports betting odds converter this week to anyone who would like to take advantage of it. Many sports betting strategy utensils will cost you hundreds of dollars, but Sports Untapped has published its betting odds converter free to all.
The free odds conversion tool is fairly simple to use, if not self explanatory to a regular online sports bettor. For novices, it can be an absolute necessity. All you have to do is enter any one of the following attributes: US odds, decimal odds, fractional odds, implied probability, Hong Kong odds, Indonesian odds, or Malay odds.
So long as you have some kind of understanding of one of these types of odds, the free betting odds converter will do the rest of the work for you. How is this helpful? Let’s say you join a new online sports betting site where the odds for the PGA golf tour are supposed to be phenomenal. You log in and find that the odds for your favorite putting guru to win are 1.2, written in the European decimal format and you are not sure what that means.
Maybe you are more familiar with UK fractional odd, or the US odds format. By entering 1.2 in the decimal odds field and pressing the Convert button, you are instantly shown that the US odds are -500, the fractional odds 1/5, Hong Kong odds 0.2, Indonesian odds -5.0, Malay odds 0.2 and implied probability (chance of winning) 83.333%. What that means is you would have to bet $1 to win $0.20; $10 to win $2; $100 to win $20 and so forth.
Not only will the free betting odds conversion tool help new users to make the best wagering decisions no matter which online sportsbook they choose to place their wager at, it will help novices to learn other ways to read and understand betting odds.
As an authority on the online sports betting industry, SportsUntapped.com also provides an all inclusive sports betting guide that includes comprehensive descriptions of all formal and informal types of bets. Straight bets are very rudimentary, but there is a big difference when it comes to money line bets, parlays, over/unders, teasers, props and future bets.
Most recently, Sports Untapped announced the launch of its free NFL betting picks just last month. The sports betting site is expanding at an impressive rate to cater to all fans of online sports betting from all regions of the world.
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