![]() 7:1 odds, in contrast, show that there is a clear favourite that every punter out there expects to win. Close odds, like 2:1 odds, means there’s very little separating the two teams and it could go either way really. The odds involved reveal the levels of confidence bookies have in each team. How do odds work?Įvery sports encounter, unless where competitors are extremely closely matched, will have a favourite and an underdog. They have the better ‘odds’ and are therefore a better bet. With 3 to 1 odds, a team is 3 times more likely to claim victory than their opponents. What are betting odds?īetting odds are the ratio (3 to 1, etc.) of staked amounts in a bet between the bettor and the betting agent. Knowing whether the odds are in your favour or not has always been key to a winning sport betting strategy. Sport betting has been a feature in society since the dawn of sport itself. It means being able to make the smart bet, making the most of your bankroll, and landing the jackpot at the end of the day. Understanding sports betting odds means understanding how to succeed at predicting outcomes and winning big. ![]()
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