Sports betting odds explained: How they work and how to read them
The IndependentAnyone who is new to the world of betting will soon be confronted with the first question that you need to understand when placing a wager: how do betting odds work? Though it may all seem a little confusing at first, it can be easy to understand once you have had sports betting odds explained, and this understanding will allow punters to get started using different betting sites and a whole range of markets. So, we’ve created a handy guide for any bettor needing betting odds explained to them, including how odds work, different types of odds offered and some useful odds-related terms. The odds that established and new betting sites display can therefore be used to work out the probability of an event occurring – more on that below. The underdog is reflected with higher odds on betting sites – for example, football betting sites might make an underdog 10/1 to win a match, with the favourite being 5/6 – something known as being ‘odds-on’.
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How to Bet on Football Online
The Independent
Understanding sports betting odds and how to read them
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