Betting odds represent the probability of an event happening and determine how much money you can win. Understanding them is crucial for informed betting decisions.

Types of Odds:

**Fractional:**Common in the UK, displayed as ‘5/1’, indicating potential profit relative to your stake.**Decimal:**Popular in Europe, shown as ‘6.00’, combining your stake and profit.**American:**Used in the US, with positive (e.g., +500) or negative (e.g., -200) values showing profit per $100 or stake needed to win $100.

Calculating Winnings:

**Fractional:**Divide numerator by denominator, then multiply by stake.**Decimal:**Multiply decimal value by stake.**American:**For positive odds, divide by 100 and multiply by stake; for negative, divide 100 by odds and multiply by stake.

Bet smarter by understanding these basics!