Understanding Betting Odds

Learn how odds work, calculate potential returns, and find value in your bets

Understanding betting odds is fundamental to successful wagering. Odds tell you two things: the probability of an outcome occurring and how much you'll win if your bet is successful. This guide explains how odds work on Betpas and how to use them to make informed betting decisions.

How Odds Work

Betting odds represent the likelihood of an event happening and determine your potential payout. Betpas primarily uses decimal odds, which are straightforward to understand and calculate.

Odds Format Comparison

Decimal (European)
2.50
Multiply stake by odds for total return
Fractional (UK)
3/2
Win 3 for every 2 staked
American
+150
Win 150 from a 100 stake

Quick Calculation Example

Odds: 2.50
Stake: €100
Total Return: €100 × 2.50 = €250
Profit: €250 - €100 = €150

⚽ Odds by Sport

⚽
Football
Excellent
  • Competitive odds on major leagues
  • Strong over/under markets
  • Good value on Asian handicaps
  • Early odds on weekend fixtures
Basketball
Very Good
  • NBA odds above market average
  • Good EuroLeague coverage
  • Quarter betting options
  • Player prop markets
Tennis
Good
  • All Grand Slam events
  • Game handicap betting
  • Set betting markets
  • Live betting available
American Football
Very Good
  • NFL full coverage
  • College football markets
  • Competitive point spreads
  • Player touchdown odds

Finding Value Bets

How to Identify Value

1 Estimate probability yourself - Research and form your own view on the likely outcome before checking odds.
2 Convert odds to probability - Decimal odds of 2.00 = 50% implied probability (1/odds × 100).
3 Compare with your estimate - If you think probability is higher than implied, there may be value.
4 Track your results - Keep records to see if your probability estimates are accurate over time.

⚡ Live Betting Odds

In-Play Odds Features

Dynamic Updates - Odds adjust in real-time as the game progresses
Value Opportunities - Overreactions can create value on underdogs
Time-Sensitive - Odds change quickly, requiring fast decisions
Cash Out - Lock in value or minimize losses mid-event

Start Betting with Competitive Odds

Put your knowledge to work with Betpas odds

Contact Live Support

Related Guides

Sports Betting Guide → Live Betting Guide → Betting Options → Bonus Campaigns →

Key Takeaways

Understanding odds is the foundation of informed betting. Remember that odds represent both probability and potential return. Lower odds mean higher probability but smaller returns, while higher odds indicate lower probability but larger potential payouts.

The key to long-term success is finding value - situations where the offered odds are better than the actual probability suggests. This requires research, discipline, and tracking your results over time.