For today’s post, we’re going to guide you through all the things you need to know about the FIFA World Cup 2018 and how to make a bet on it!
You may not have noticed but the FIFA World Cup 2018 is just under a month away. It’s only one of the biggest sporting events in the world! Naturally, the betting world has become very enthusiastic about the outcome of certain matches. This means that they’re keeping a keen eye on World Cup betting odds 2018 as we build up to the tournament.
However, unless you’re a seasoned gambler with an inner knowledge about these things, you may make a decision that you might regret. Don’t just bet on England because that’s your home team! Football World Cup betting odds rarely work that way.
Without further delay, let’s take a look at the most important things you need to know before betting on World Cup 2018 odds to win.
How Odds Work
If you’re a newbie to betting, especially to World Cup betting, can you inform us how all the odds work? What do all those numbers represent? If you can answer both those questions, that’s awesome! If you can’t then we have a problem. Why are you looking at examining football World Cup 2018 betting odds if you know nothing about betting?
Before you make any kind of bet, you must first understand how it all works. World Cup betting odds are much more complicated than you might think! Here are the quintessential things you need to know before undertaking your first bets.
Odds and They Types
Before we start talking about best odds to win World Cup 2018, we must first look at how different odds are presented. Depending on where you live, you might discover odds are put across in different ways.
When it comes to live betting and football, especially the World Cup, however, they are shown in one of two different ways:
- As Fractions — These odds would be like this 1/2 and are mostly seen in the UK and Ireland.
- As Decimals — These odds would be like this 1.5 and are more popular in Europe.
Basically, if you live in the UK, you’re far more likely to come across fractional odds than decimal ones. Odds to win World Cup 2018 will be presented this way across most betting sites. As to what each fraction represents really depends.
TL;DR — You must get to know the different kinds of odds you can find on sports betting sites during the World Cup!
The Betting Odds Formula
To give you a better understanding as to how these betting odds work, we have made an example scenario which you could bet on:
England vs. France:
- England: 1/3
- Draw: 1/2
- France: 1/5
You have to convert the fractions to decimals, and to do that you must use the following formula to work out the percentage of each outcome:
Implied probability = 1 / decimal odds * 100
Hence, this is what these odds represent:
England: 1/1.33 * 100 = 75%
Draw: 1/1.5 * 100= 67%
France: 1/1.2 * 100 = 83%
Your safest bet in this scenario, therefore, would be to bet on France. That doesn’t mean you should, however. Aside from being a patriot, England’s odds are lower but that means that a win from them would produce a much higher return.
The same logic can be applied to the World Cup 2018 winner. If you bet on someone who is less likely to win, the risk is higher, and you therefore win more money. Not always advised but it’s a good option to have, we think.
TL;DR — Make sure you know what bets you’re making before you charge into them!
Where Can I Find Odds?
After all that, you might now be wondering where exactly you might find odds. They’re not hard to come across but here are a couple of places you can find them.
Sports Betting Sites
Your easiest and best accessible platform to find betting odds World Cup 2018 winner is online at Sport Betting sites. Our top examples would be bet365, Ladbrokes and William Hill, all of whom are top online bookmakers.
Here are just a few reasons sports betting sites might work for you:
- It’s much easier to compare different betting sites alongside each other.
- There are many, many different sites to choose from!
- No input from other players so your choice is entirely your own.
- Much better for quickly made or last-minute decisions.
Real life (or brick-and-mortar) bookmakers make for some excellent places to go if you want all the latest and top odds 2018 World Cup. Going into a physical building can also be a much more fulfilling experience as opposed to doing it all online.
Here’s why you should go to a bookmakers as opposed to doing it all on the internet:
- You can talk to other people who could help you make a better gamble.
- You feel less overwhelmed by all the options available.
- Keep every bet confined to one place without having to worry about going elsewhere.
- You get to feel more involved while making all your bets.
TL;DR — There are tons of places you can make your bets and by comparing different sites you can find the best odds.
Betting Odds World Cup 2018 Winner
So, who’s likely to win the World Cup this year? Hard to say; there’s just so many real contenders who are expected to make it to the final. France, Italy, Brazil, Germany… There’s just so many of them it’s hard to say.
In any case, it’s too soon to tell who exactly we’ll see in the final, but you can start putting your bets on the World Cup 2018 results right now at any local bookmakers and on your favourite sports betting site.
TL;DR — Too soon to tell but you might be best betting on a European or South American team winning the World Cup!