How do odds work in online sports betting?

In online sports betting, odds are a way to determine the probability of an event happening and the potential payout you could receive. They are presented in different formats, such as decimal, fractional, or American odds.

Generally, lower odds indicate a higher probability of the outcome occurring, but with smaller potential winnings. Higher odds imply a lower chance of the event happening, but with greater potential returns. Understanding odds is essential for making informed betting decisions and evaluating potential risks and rewards. Always remember to gamble responsibly and set limits on your betting activities.