Understanding how odds work in betting is essential for making informed wagers. Betting odds represent the likelihood of an event happening and determine your potential payout.

**Fractional Odds:**Common in the UK, these are expressed as fractions (e.g., 5/1). They show your profit relative to your stake.**Decimal Odds:**Popular in Europe, they are straightforward and show the total payout (e.g., 6.00 means $1 bet gives $6 total).**Moneyline Odds:**Common in the US, positive numbers show potential profit on a $100 bet (e.g., +500), while negative numbers show how much to bet to win $100 (e.g., -200).