Sports betting odds are the cornerstone of any bet. They represent the probability of an event happening and determine how much you can win if your bet is successful. There are three primary types of betting odds: fractional, decimal, and moneyline. Fractional Odds: Commonly used in the UK and Ireland, fractional odds (e.g., 5/1) show the ratio of the profit to the stake. For example, if you bet $10 at 5/1 odds, you would win $50 (5 times your stake) plus your original $10, totaling $60. Decimal Odds: Popular in Europe, Australia, and Canada, decimal odds (e.g., 6.00) are simpler to understand. To calculate your potential payout, multiply your stake by the decimal odds. A $10 bet at 6.00 odds would return $60 ($10 x 6.00). Moneyline Odds: Predominantly used in the US, moneyline odds are presented as either a positive (+) or negative (-) number. A positive number indicates how much profit you would make on a $100 bet, while a negative number shows how much you need to bet to win $100. For example, +200 odds mean a $100 bet would win $200, whereas -150 odds mean you need to bet $150 to win $100. Understanding these odds is crucial for making informed bets and calculating your potential returns.