Understanding betting odds can seem confusing at first, but once you learn the basics, betting odds are easy to follow and use correctly.
Understanding betting odds tell you two things:
- How likely something is to happen
- How much you can win
For example, if a team has low odds, it means they are expected to win. If the odds are high, the result is less likely.
Most betting sites use decimal odds.
Example:
- Odds 2.00 → If you bet €10, you get €20 back (including your stake)
So:
- Higher odds = higher risk
- Lower odds = safer bet
To make better decisions, it also helps to understand how matches are analyzed before placing a bet. Our guide on how to analyze sports matches before betting explains this in a simple, beginner-friendly way.
If you are new to betting, you can also read our Betting Basics guide to learn how online betting works step by step.
Common Betting Odds Mistakes Beginners Make
Odds can change before a match starts. This happens because of team news, injuries, or many people betting on the same result.
Many beginners misunderstand betting odds and focus only on high payouts. High odds may look attractive, but they usually mean higher risk. Another common mistake is betting without checking why odds changed before a match.
Some beginners also place bets without fully understanding how much they can lose. Taking time to understand betting odds helps you avoid poor decisions and manage your betting money better.
To make better decisions, it also helps to understand how matches are analyzed before placing a bet. Our guide on how to analyze sports matches before betting explains this in a simple, beginner-friendly way.
Learning slowly and choosing simple markets is the best way to build confidence.
If you are a beginner, avoid very high odds. Focus on simple bets and understand what you are betting on before placing a wager.
For more information about gambling risks and player protection, visit BeGambleAware.