And we’re going to be discussing those for this article. There are usually three types of odds that are commonly used at most offline or online sportsbooks. Of course, we’re not saying that you absolutely have to understand the mathematical aspect of it, but it sure helps.Īmong the betting terms, sports betting odds and understanding the types should be your primary focus. Sports betting is an activity that requires the bettor to have a sound understanding of all the sports betting terms and mathematical calculations related to sports betting. Betting Odds Explained – Detailed Guide Fractional Odds Explained Decimal Odds Explained Percentage Odds Explained Money Line Odds Explained Betting Odds FAQs