# start exploring

## HOW BETTING ODDS WORK

Betting odds are used by bookmakers to determine the likelihood of a given outcome in a sporting event.

- www.888sports.com

## BETTING ODDS AND PROBABILITY

Probability reflects the likelihood of any given event happening. Betting odds are designed to do the same thing.

## FRACTIONAL VS DECIMAL ODDS

- www.888sports.com

## FRACTIONAL ODDS EXPLAINED

Whenever you see two numbers separated by a slash, i.e. 4/1, this is a fractional betting odd.

- www.888sports.com

## DECIMAL ODDS EXPLAINED

Decimals are an alternative to seeing betting odds in the fractional format. Which option to view odds in is a personal preference for customers

## ODDS ON VS ODDS AGAINST

- www.888sports.com

## ODDS ON

“Odds on” is the opposite of “odds against”. It means that the event is more likely to happen than not.

- www.888sports.com

## ODDS AGAINST

When the probability that the event will not happen is greater than the probability that it will, then the odds are “against” that event happening. Odds of