What Are Betting Odds and How Do They Work?

Understanding Betting Odds for Newbies | InsightsBet Explains

⚡Confused by decimal, fractional, or American odds? This beginner-friendly guide from InsightsBet explains all in plain terms. 

Odds might look like numbers on a screen—but they’re actually telling you two things: how much you could win, and how likely that win is.

Let’s break them down:

InsightsBet Tip:

• Decimal odds × stake = total return

• Lower odds mean higher win probability, but lower payout

• Always compare odds across platforms (InsightsBet's Odds Index coming soon)

Mini FAQ:

Q: Are odds always reliable? 

A: They’re educated guesses from the platform—not crystal balls.

Q: Can report sketchy odds? 

A: Yep. Head over to our Scam Report section and let us know.