You’d also know that the bookmaker who set the odds ranks the team’s chances of winning as one in every three times the game is played. If you were looking through the weekend Premier League fixtures and saw a team had fractional odds of 2/1 (that’s decimal odds of 3.0) you would know that you stand to win £2 in profit from every £1 that you stake should the team win. The probability of the selection winning.How much you stand to make should the selection win.After taking in all the information below, you will be much better equipped to set about making some profit.Īt their most basic, betting odds tell you two things: We’re going to explain exactly how betting odds work, how they are set and the differences in the ways they are displayed. An example of the various odds available on a typical betting market. That’s especially true for people who are new to betting. Unfortunately, betting odds can prove very confusing. When it comes to sports betting there is nothing quite as fundamental as the odds that the bookies offer. If you want to come out on top against the bookies it is vital that you understand the fundamentals.
