How Do Betting Odds Work? Understanding Odds

How do odds work in sports betting? match odds meaning Betting odds are the ratio between the amount staked by the bookies and the bettor, so 71 means the bookies stake seven times the amount the bettor has wagered match 6 pa lottery Remember, odds change as the bets come in, which means probability estimations vary with time Moreover, the odds displayed by different bookmakers can vary

match odds meaning What do odds mean in terms of betting probability? Let's say Arsenal are 72 to beat Manchester City, who are 45 to win the same game The draw