Betting on UFC matches became very popular in recent years thanks to the wide outreach of the events. More and more players are jumping in on this exciting activity to test their luck and knowledge of the fighters. Because of that, every sportsbook makes sure to include the UFC matches in their offer.
Now, each of them sets up their own odds on the UFC events. If you don’t know how these betting odds work then you should read what we laid out below.
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Understanding the UFC Betting Odds
It is crucial for you to understand the UFC betting odds before you start wagering on these events. It will definitely help you make smart decisions when placing wagers on the fighters.
The first thing you should know is that there are American, Decimal, and Fractional odds. In this article, we will analyze the American odds, as the other two are predominant in Europe. The American odds feature positive or negative amounts such as -200 or +1,300.
Bookmakers use these amounts to denote the probability of a fighter winning the clash. Each fighter feature such odds for winning, where the higher the number the lower their chances for winning. On the other hand, the lower the number the higher the chances for the fighter to win the fight.
But, we must mention that there are many surprises in the UFC events. This means that the underdogs may win the fight regardless of the odds. Sometimes the less likely winner can throw a few wild punches that can change everything during a fight.
The positive number in the odds shows the money that you can win on a $100 bet when wagering on the underdog. As for the negative odds, they show how much money you must place in order to get $100 on the big favorite.
The complete UFC odds differ from one sportsbook to the other and they can change as the fights get closer and closer. During the fights, the odds will also change for the live betting feature.
Bookmakers will adapt the odds according to the fighters’ showings in the ring. There are no rules for calculating the probability of winning a fight when using the American odds.
However, you can always convert these odds to decimals and calculate the probability of winning. For instance, the positive odds of +300 are 4.0 while the negative of -300 is 1.33. You need to multiply the decimal odds with the bet to find out the potential payout.
So betting $20 on the favorite (1.33 decimal odds) will get you $26.6 if they manage to win. To calculate the probability, you need to divide 1 with the decimal odds and that times 100. In the over example that is 1/1.33×100, which gives us a 75% probability for winning the bet.
How to Bet on UFC Fights
You can easily learn how to place bets on UFC fights, regardless if you are a beginner or an experienced bettor. It all starts with finding a sports betting site that features UFC fights in its offer.
Make sure to find a licensed and regulated online betting platform that utilizes the latest security technology. Then you must register an account, which will require certain personal and banking information.
You must then provide a photo of your ID card, driver’s license, passport, or utility bill for the verification process. The next step is to deposit funds into your betting account. Access your account, click on the Cashier section, and choose Deposit.
Select a payment method and an amount that you like to transfer. You will get your finds instantly, after which you can go to the sportsbook section. There look for the UFC category in the menu bar.
A list of all available fights will then appear on the screen. Choose one or multiple events that you like to bet on. Click on the odds of the fighter that you want to back with your money and click Confirm to conclude it.
After that, all you can do is sit back, relax, and enjoy the fight. If you manage to win your bet then you can cash out the money from the Cashier section. But, this time you must select Withdrawal and follow the instructions.
