Guide to Reading Betting Odds: What they Mean and How to Use Them

Written by:
Aaron Goldstein
Published on:
Apr/04/2022

Sports wagering is much more involved than just picking a winner or a loser. Odds show us the probability of an outcome, giving a value to each bet you make, whether on points, a straight-up winner, or any other number of things in the game.  Odds, such as those provided by our friends at BetUS, need to be interpretted.

betusreferallbonus.png

It's amazing how the average Joe looking to bet sports simply has no concept of what these odds mean.  Much of this has to do with the various formats, whether that's American odds, decimal or fractional.

What do these numbers mean? How are you supposed to read them? How can you use them to help decide whether or not to make a bet?

What's critical to the sports bettor is how much the payout will be on a particular bet. 

On today’s show, our host Gary Segars will explain betting odds, what they mean, and how you can use them to make your bets.

- Aaron Goldstein, Gambling911.com

Video News News

CFP Championship Game Betting Preview 2024

America loves an underdog story, but the majority of the United States is rooting against the “dogs” (Washington Huskies) in Monday’s CFP National Championship game.  Michigan has been hovering between a -4 and -4.5 favorite.

Senator Mullin vs. O'Brien Fight Odds Now Up

It's not often we get to cross the intersection of sports and politics, but on Tuesday that's exactly what happened when a congressional hearing devolved into an angry confrontation between these two men.

iGaming and Blockchain With Becky Liggero and LilBit

Long time friend of the Gambling911.com website Becky Liggero sat down with the frontline voice of BSV Blockchain, Handcash, Champions TCG and newcomers LilBit to discuss, among other things, the world of iGaming and how blockchain and micropayments can impact the space.

Syndicate