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Betting odds demonstrate the probability of an event. If you view evens as 50%, under evens would represent an event that is likely to happen while over evens is what is unlikely to happen. These odds calculate the potential return that players may receive if they end up being successful in their bet.
Odds can be shown in three different ways, American odds, fractional odds and decimal odds are the three formats, American odds will be shown as the likes of +370 or -125. This demonstrates how much players would receive per £1. So, if your bet has odds of +370, this shows that you'd receive £3.70 for every £1 you bet.
Meanwhile, if you place a bet at -125, you would get 75% of your stake as a profit, meaning £0.80 would come as the profit of a £1 bet.
Fractional odds are much easier to read for beginners and that's what we would recommend all our bettors use. They come in the form of 1/10 or 10/1. If your bet pays out at 1/10, you will receive a 10th of your stake as profit. Meanwhile, at 10/1, if you win a £1 bet, you will win £11, as you've won 10x your bet with your £1 stake as an addition. Decimal odds, on the other hand, can be viewed at odds such as 1.32 or 8.00, if the odds are shown at 1.32, this will provide players with 32p profit from a £1 bet. Meanwhile, if you win a bet at odds of 8.00, this will provide £8 profit for every £1.