Betting Odds

Betting odds represent the probability of an outcome and determine how much you'll win. South African sportsbooks typically use decimal odds: 2.00 means even money (double your stake), 3.00 means triple. To calculate profit: (Odds × Stake) - Stake. For example, R100 at 2.50 returns R250 (R150 profit). Lower odds indicate higher probability (favourites), higher odds indicate lower probability (underdogs). Understanding implied probability is key: divide 1 by the odds (1/2.50 = 40% implied probability). The difference between true probability and bookmaker odds is the margin (overround), which is how sportsbooks profit.