Lesson 2: Understanding Odds
Odds are crucial in betting as they determine your potential winnings and indicate the probability of an event occurring. Different regions use different odds formats, but they all represent the same thing: your potential return.
Key Points:
- Decimal odds (2.00) - Popular in Europe and Africa
- Fractional odds (1/1) - Common in UK
- Calculating potential winnings
- Understanding implied probability
Decimal Odds
Multiply your stake by the decimal odds to get your total return. Example: K1000 stake at 2.00 odds = K2000 total return (K1000 profit)
Converting Odds
- Decimal to Probability: 1/decimal odds = probability
- Example: 2.00 odds = 1/2.00 = 50% probability
Reading Value
If you believe the probability is higher than what the odds suggest, you've found potential value
⚠️ Important Betting Disclaimer
The information provided in this betting school is for educational purposes only. Please note:
- • Betting involves substantial risk of loss and is not suitable for everyone
- • Never bet with money you cannot afford to lose
- • Betting can be addictive - if you need help, contact the National Gambling Helpline
- • Past performance is not indicative of future results
- • This is not financial advice - always do your own research
- • You must be 18+ to participate in sports betting
⚠️ If you feel you may have a gambling problem, please seek professional help immediately.
