How Do Betting Odds Work? Understanding Odds

Jun 10, 2024, 5:33PM EDT

Sports betting odds can look a little intimidating if you don’t know how to interpret them. But don’t worry, The Sports Geek is here to help.  Understanding betting odds is a critical skill for any bettor. To be successful in the long term, you’ll have to learn how to spot value in the lines.

No matter which sport you’d like to bet on, this guide will teach you everything you need to know about how to read betting odds at sportsbooks. You’ll learn what betting odds actually mean, the difference between American, fractional and decimal odds, how to calculate implied probability and much more.

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