Odds are always present in conversations surrounding betting. There is simply no separating the importance of odds from betting sites.
If you’re unsure, odds represent the likelihood of an event unfolding, and also represent the amount that you stand to win depending on whether the selection you make is the correct one.
Betting sites give high odds to an outcome that is unlikely to happen, and give low odds to events that are more likely to happen.
As an example we’ll use a hypothetical soccer game, if an in form Liverpool are playing a struggling Fulham, a betting site might give Liverpool odds of 1.5, while Fulham might be given odds of 15.0.
This means that if you bet R10 on Liverpool, and they win, you’d stand to win R15 (R10x1.5), but if you bet on Fulham, and they were to win, you would win R150 (R10x15.0).
Not all betting sites offer the same odds, so it’s important to select a betting site that offers the best odds for the sport you are interested in betting on.
If we keep going with the Liverpool vs. Fulham example, if one betting site gives Liverpool 0.5 odds, but another gives them 1.5 odds, the betting site that has given them 1.5 odds are offering the better odds.