Moneyline Odds: Mainly used in the United States, moneyline odds show how much you need to bet or how much you can win. So, for example, odds of 6.00 mean that you could win £6 for every £1 bet. So, for instance, if an outcome has odds of 5/1, you could win £5 for every £1 you bet, plus your initial stake if your bet wins.ĭecimal Odds: These are more popular in Europe and other parts of the world and they represent your total payout, including your stake. Types of Betting OddsĪt most sports betting sites, you’ll find three main formats of odds:įractional Odds: These are generally used in the UK and Ireland and they express your potential profit relative to your stake. In this beginner's guide, we'll unravel the mysteries of sports betting odds so that you’ll be able to make more informed betting decisions. Odds are literally at the core of every single bet you place, determining how much you can win - and your chances of winning. Whether you're a bit of an expert bettor or just starting your journey into the world of online sports betting, understanding betting odds is essential. Sports betting can be a fun way to pass the time - and it is becoming ever more popular all across the globe.

Sports betting beginner's guide