![]() In order to make the concepts easier to understand, I will use the closing lines (i.e. Finally, the #1 mistake made by rookie/inexperienced/amateur gamblers will be unveiled. Then, I will show you the very important relationship between odds and probabilities. What do they mean? How do I know how much I can win when betting on a certain team? We will also discuss the two most common types of odds: decimal odds and American odds. It all starts with understanding the odds posted by bookies. Here is a key phrase that you absolutely need to understand when you are done reading this article: “It’s all about the odds.” You will see what I mean as we go along.īefore you place your very first bet, you need to have the basics down. ![]() It could also have been entitled “Sports Betting 101.” This article is intended for those of you who are excited about getting into the great world of sports betting, but don’t know where to start. Sports Betting Lessons By Professor MJ How to Understand Odds, Point Spreads and Probabilities
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