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The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Once you understand betting odds and the differences between them, reading them becomes easy. While the differences may seem confusing at first glance, they’re simply different ways of expressing the same thing. Moneyline, or American, odds are favoured by US bookmakers and punters, and are often expressed as positive and negative values (e.g. Fractions were traditionally used to bet on horse racing and were most popular in high street betting shops in the UK, before the advent of internet gambling.Īs the web has become more popular as a place to bet, European decimal odds have become more commonplace. To illustrate this idea, here are the three possible outcomes of a football match for any team:Īll of these have different possibilities, probabilities, chances – or odds – of happening.īetting odds are usually expressed either as fractions (e.g. Odds are numbers that express how likely events are to happen. This guide will show you how betting odds work. But as long as you can get to grips with a few simple mathematical ideas, it’ll all become a lot easier. With so many numbers appearing in different formats, betting websites can be overwhelming for the beginner.

Explanation of betting odds