GENERALGuide
How to Read Betting Odds: Beginner's Guide
Betting odds show the probability of an outcome and your potential payout. In American odds, +200 means bet $100 to win $200 profit; -200 means bet $200 to win $100. Decimal odds like 3.00 mean a $1 bet returns $3 total (2.00 profit). Fractional 2/1: $1 wins $2 profit. Convert formats and calculate implied probability for better bets.