How Sport Bet Came To Life Sports betting is the general term for forecasting the results of some sports events such as football (also known as soccer), American football, basketball, volleyball, hockey, horse racing, etc. As a rule, supporters of authorized bookmarking think that it is like a hobby for some people. It adds the interest in sports competitions and in this way sports betting is beneficial for teams and individual players. In contrast, opponents are afraid that due to big money involved gambling can blur the boarders between real and fixed games and the true quality of sports games will be affected. Odds There are several formats for presenting odds: â€˘ Decimal odds format (is also know as the European format) which is popular in Europe, Canada and Australia represent the ratio of complete pay-off to the stake. The even bet in this format is 2.00. â€˘ Fractional odds format (some professionals call it the UK format) which is preferred in Great Britain represent the ratio of the sum which was won to the stake. The even bet in this format is 1/1. â€˘ Money line odds format (most of US based sites name it "the American format") which is popular in the USA. Money line odds are the sum won a hundred stake if positive and the stake has to win one hundred if negative. The even bet in this format is 100.