The odds and how they work – Beginners Guide

The odds are the essence of sports betting.

Principle of odds:

The betting odds of a sporting event are a number that defines both your potential gain and your chances of winning. It is calculated by the online bookmaker according to multiple criteria.

“ Your bet “ x " odds”  = your potential gain

   10$ x 2.5 = 25 $

When you multiply your chosen betting odds, you get the amount you will win if your prediction is correct. Thus, the higher the odds, the more money you can make.

The betting odds also represent the probability of an event: the higher the odds, the more improbable the result.

Not all the bookmakers offer exactly the same odds for a given event. When you want to bet on a match, your interest is to compare the odds of bookmakers to find the one that is the highest.

Here we explain betting odds and their operating principle and different variations.