Madden NFL is a game that can trace its history right back to the release of John Madden football in 1988. Obviously, given that it is based on gridiron football, the game is most popular in the United States, but it has players and fans all over the world, and has become popular as an esports game.
Fans of esports betting have also taken to the game, and in this quick guide we’re going to take a closer look at Madden NFL odds for you. Read on to find out more!
How do odds work?
Understanding esports odds is absolutely essential if you want to make any success of betting on Madden NFL, or indeed betting on anything. Odds are a yardstick by which you can gauge the probability of an event happening. They also tell you how much you will win if your bet is successful. Both of things are important to know before you place a bet!
There are three kinds of odds you might see when you bet on Madden NFL. These are American odds, decimal odds and fractional odds. While most esports bookmakers now give you the option of using any of the three of them residents of Europe will find decimal odds more familiar, while bettors from the UK and Ireland will recognise fractional odds.
Understanding American odds
As NFL is an American game , we’ll start by explaining how American odds work. These can sometimes look a little strange to bettors who are not from North America. American odds are designed to let you know either how much you need to wager to win $100, or how much you will if you wager $100.
So you might see one team at odds of +600 and another at odds of -300 when you are checking out the odds. In the first case, you will win $600 if you bet $100, and in the second case you need to bet $300 to win $100.
Decimal odds and fractional odds are different to American odds!
Decimal odds and fractional odds will be familiar to you if you live in Europe or the UK. Decimal odds tend to be used in Europe and they are very easy to understand. Decimal odds are written as numbers like 1.50 or 3.75. The higher the number the lower the probability and the higher your winnings. Multiply the number by your stake to calculate your winnings.
Fractional odds look a little different to decimal odds but work on the same principles. They are written 2/1 or 4/5. The higher the first number the less likely the event is to occur. For odds of 2/1, you win $2 for every $1 staked. The same principles apply for UFC odds as well.
Read Also: How to Convert Betting Odds
Tips for successful Madden NFL betting
- Play the game yourself to gain insights into how players might react in certain situations
- Follow all the latest esports Madden NFL news. Social media can help with this
- Understand the different types of bet you can place so that you make good decisions about stake size