Fractional Oddsįractional odds are most commonly used in the UK and Ireland.

They’re easy to understand and are often the default at sports betting sites. 2/1 is a lot more likely than 20/1 so you get less profit if that bet wins.ĭecimal odds are one of the most common odds formats at betting sites around the world. This is also known as implied probability.

The bigger the odds, the lower the chances the sportsbook thinks that outcome will happen. Just ask the people who bet on Leicester City to win the Premier League at 5000/1. The odds offered by bookmakers are based on what they think is likely to happen, but of course sport regularly has big upsets. In this cricket betting example, if you bet ₹1000 and Kohli does score the most runs, you win ₹2000 and get your original ₹1000 bet returned too.īetting odds are offered by sports betting sites but it’s up to you to decide whether they are good or not. They also offer you a chance to gamble on that probability.Įxample – Kohli to score the most runs – 2/1įractional odds show how much you win on the left if you bet the number on the right.

Sports betting odds are used by bookmakers to show what they think the probability of an event happening is. If you want sports betting odds explained, you’ve come to the right place.