We explain how to read and understand sports betting odds. ExplainBettingOdds. com shows you how Vegas betting odds work and we explain the types of Point Spreads Explained · Over/Under? · NHL Betting Odds Explained · Pleasers. Odds are a numerical expression, usually expressed as a pair of numbers, used in both Thus, odds of 6 to 1 mean the first party (normally a bookmaker) stakes six times the amount staked by the second It is much harder to judge the fairness of the odds offered in a wager on a sporting event such as a football match. Odds can be displayed in two ways: Fractions or Decimals What does it mean? two numbers separated by a slash, i.e. 10/1, this is a fractional betting odd. This makes sense, because you would expect a bet on the underdog to have a higher payout. With the spread and the total you will occasionally see that the odds are distributed with "half points," which are in place to prevent a "push," or no one winning or losing the bets. Decimal odds used to be associated mostly with mainland Europe, Canada, and Australia. Betting odds allow you to calculate how much money you will win if you novoline hack 2017 a bet. Of course if you lose any of dond bingo bets you would lose the dollar, or two dollars, or three dollars, or one hundred dollars.