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Mybookie Betting Odds

If you are planning to enter the betting or the gambling world, it is important to understand and interpret all types of odds well. Be it casinogambling, sportsbetting, or any other type, it’s important to understand the odds. Betting odds represent the probability of an outcome occurring and the winnings you will receive if your bet is a winner.

There are three fundamental types of betting odds: American (Moneyline) odds, Fractional (British) odds and, Decimal (European) odds. These are distinct ways of presenting the same thing and hold no difference in terms of payouts.

American odds

The odds for favorites are accompanied by aminus (-) sign, showing the amount you need to stake to win $100. Meanwhile, the odds for underdogs are accompanied by a positive (+) sign, indicating the amount won for every $100 staked. In both cases, you get your initial wager back, in addition to the amount won. The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.

Fractional odds

Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.

For example, with odds of 4/1, for every $1 you bet, you will win $4. There is a 20% chance of this happening, calculated by 1 / (4 + 1) = 0.20.

Total Return = [Stake x (Numerator/Denominator)] + Stake
where numerator/denominator is the fractional odd, e.g. 28/6.

Decimal odds

The favorites and underdogs can be spotted instantaneously by looking at the numbers. The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total return, rather than the profit.

The total (potential) return on a stake can be calculated as:

Total Return = Stake x Decimal Odd Number

More articles Related to these Topics how to, how to bet

MyBookie is an online betting site available to customers from the United States, Canada, and Australia. The site launched on August 1st, 2014 and is operated by former managers of BetOnSports. MyBookie offers sports betting, casino games, live dealers, and horse racing.

Shortly after the site's inception MyBookie began attracting customers from the US market through internet and radio advertisement campaigns. The betting site was a frequent sponsor of many sports podcasts and ESPN radio programs.

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Signup Bonus

MyBookie offers new customers a selection of different signup bonuses. Bettors who register using the MyBookie March 2021 promo link will automatically have access to these bonuses including a 50% first deposit match up to $1,000. This is currently one of the largest signup bonuses being offered among betting sites available in the United States.

Full list of MyBookie signup bonuses and promo codes for March 9, 2021:

First deposit match

Customers who registered their accounts with the MyBookie March 2021 promo link will receive the $1,000 first deposit bonus. A 50% match on the player's first deposit will be credited to their account in free plays. There is a 10x rollover associated with the 50% first deposit bonus.

Cash deposit bonus

Players who do not want rollover commitment can elect to take the MyBookie cash deposit bonus. Customers receive a 10% match on their first deposit up to $200. Funds from this bonus option are credited directly to the user's MyBookie balance as cash. This signup bonus carries a smaller rollover requirement of 1x. Bonus money is ready to be withdrawn after one stake.

Casino deposit bonus

Users who are primarily interested in casino games should take the MyBookie $750 MyBookie casino bonus. First deposits are matched by 150% in bonus funds that can be used exclusively in the MyBookie casino which features hundreds of table games, slot machines, and live dealers. The casino bonus incurs a rollover requirement of 40x.

Sports reload bonus

Existing MyBookie customers are eligible for a $500 sports betting reload bonus. Players who have already registered for an account can receive a 25% match on deposits up to $500. A minimum deposit of $100 is required to be receive this promotion. The reload bonus carries a rollover of 5x.

Available Countries

MyBookie is currently available in many large betting markets including United States (all 50 states), Canada, and Australia.

Availability by country as of March 9, 2021:

Deposit Methods

Credit, debit, and pre-paid card deposits are accepted through VISA and MasterCard. Users may also fund their accounts through eCheck, e-Transfer, and MoneyGram. Accepted cryptocurrencies include Bitcoin, Bitcoin Cash, and Litecoin. MyBookie deposits have no additional fees.

Withdrawal Methods

MyBookie's accepted withdrawal methods include bank wire transfer and Bitcoin. US customers are also eligible to receive their payouts through eCheck; where funds are transferred directly to the player's bank account after 5-7 business days. MyBookie deposits are free with no additional fees.

Sportsbook

MyBookie's website runs on software distributed by Digital Gaming Solutions. The sportsbook features betting markets for most professional leagues including NFL, NBA, MLB, and NHL. International soccer, tennis, and college football and basketball are also available. MyBookie's sportsbook carries a wide range of betting markets including spreads, totals, moneylines, game props, player props, and futures. Customers to registered using the MyBookie March 2021 promo link will receive a 100% match on their first deposit up to $1000 which can be used for sportsbetting.

Betting Limits

The minimum wager amount is $2 USD. The maximum amount for regular markets is $2,000 USD and $250 for props and futures. Customers may contact MyBookie 12 hours in advance to request a higher limit on a given market.

Livebetting

Users may place bets on games that are already in progress. In-play wagering is enabled on most major football, basketball, baseball, hockey, soccer, and tennis events. Live scores and play-by-play are implemented into the livebetting interface.

Casino

MyBookie's casino features blackjack, craps, roulette, baccarat, slot machines, video poker, and keno. Users who register their accounts using the MyBookie March 2021 promo link will receive a 150% match on their first deposit to be used in the casino (up to $750 USD). Software for MyBookie's casino games are provided by Betsoft, Concept Gaming, and Nucleus Gaming. The MyBookie casino includes multiple variations of popular table games blackjack, roulette, craps, baccarat, pai gow poker, caribean poker, and red dog. The casino features over 100 standard and 3D slot machines including Tiger's Claw, Sin City Nights, and Dragon Kings.

Live Dealers

MyBookie's live casino allows users to play popular table games with an in-person dealer. The interface features a video stream. Players can chat with other users or the dealer while they participate. MyBookie's live casino currently features blackjack, roulette, baccarat, and Super 6.

Contact Info

Players may contact MyBookie customer support over the phone or through live-chat and e-mail.

MyBookie contact information for March 9, 2021:

My Bookie Sports Betting