Betting Odds Explained | Sports Betting 101

👋🏻 Hey guys! In today's video, I explain how betting odds work. This video goes over the maths behind betting odds and covers American, Decimal and Fractional odds. Then I explain how to convert odds to probabilities and how to use a betting exchange to find the fair odds. Overall, this is a great getting started guide for beginners or a sports betting odds 101.

🏆 🏆 For those looking to learn more about the specific strategies I used myself to make over $50000 profit from bookmakers using profitable betting strategies, then you can check out my sports betting course over on my website at:

If you enjoy this video and want to see more about mathematical sports betting, money or university life, please leave a comment down below saying what you would like to see next and any new video ideas are always appreciated!

🙋🏻 Who am I?
My name is Shane and I am an Australian Engineering and Commerce graduate from The University of Sydney and will be becoming a full time quantitative trader soon. This channel is dedicated to mathematics, arbitrage sports betting, and personal finance. I hope you can find this useful! Enjoy!

⚠️ DISCLAIMER: This video is not gambling/ investment advice - while the strategies and math I teach and the tools recommended will provide an advantage, there is still user error and luck involved when it comes to betting which can lead to losses. These videos are for educational purposes only and I am not guaranteeing any gains or losses from using the betting methods I talk about.

[ShaneHuang]

🏆 🏆 For those who do want to learn the trade and make money betting yourselves (like a pro trader), then you can check out my 5 - part sports betting course over on my website at:

[tto]

I am more confused than when I arrived.

[ojinwayoonyeze]

This man sounds super intelligent, and deep in the knowledge.
My worry is, often times this kind of people may not be able to translate knowledge into wealth for others.
How do I profit from what u know sir? Please reply.

[Betting.Investment]

Well explained! Keep making money betting!

[ilegendx]

I used X2 to watch this and I like the fact I didn't understand it. Never bet before and scared to but desire to know how it works, yet scared to.

[ronan]

im still finding it almost impossible to find arbitrage oppurtunities, seems like all the bookies are working in tandem with eachother

[emmanuelvacakis]

When you find a good deal, watch out. You are getting a good mathematical deal for a reason. Sports games are fixed. Therefore you should find bad deals and bet on them. These bookies and casinos are not stupid. When the worst team is a favorite, you should bet it. You should bet against the money. Games are fixed in many different ways. Baseball is fixed largely by the home plate umpire. Even one strike call on a bad pitch can make a huge difference. The Giants beat the Padres 7-4 on a homer by Yastrzemski. He hit it on a 3-1 pitch. I’m willing to bet that he doesn’t hit it on a 2-2 pitch. I understand that you can make money finding games that are offered at a huge variety of odds by betting the underdog at huge odds at one site, and betting the favorite at any other site that’s favored by the least amount. Sure you can win slowly that way regardless of the outcome. But it’s human nature to be greedy. The casinos are greedy. If they can intone the public to bet more heavily one one side, they will call it in and make that side lose. So if you can read into them, you can absolutely destroy them for a huge percentage overall.

[htxk]

WISPRED Sports Group, youre nailing it with your predictions! Im amazed at how match insights can lead to financial rewards. Lets keep the wins coming! ⚽️?

[hotsmissed]

I didn't understand something, in American odds we have +333 which represent the profit you will make if you risk $100 but what about -125? it doesn't make sense because you will risk $125 to win $100 which will result in total payout of $225, and that doesn't match the decimal result which says that if you risk $100 you will get $80 in profit which result in a total payout of $180 !!! any explanation ???

[Kipasa]

Im glad i found this vid and realised how stupid i am ....thank you shane 😂

[marquisethomas]

I actually came here to see how to convert a American odd to a percent

[HarrisonHollers]

Searched “betting odds explained.” A video with a pretty blond appeared 1st. Shane’s video appeared 2nd. Obviously I clicked on Shane. Call it a hunch.

Bet with your head not your heart!

[Fabricio]

thanks for this helpful video explaining odds

[belius]

i knew you was a savage with it when i seen you didnt even iron your shirt lol

[viniciusconte]

Sorry for my ignorance, but if the bookmaker price is the price shown in the platform, how do you know the fair price? Just through specific Betting Exchange platforms?

[martingonzalez]

what does it mean, if my parley ticket says .. pk or -3-110 or +300?

[jonnyjai]

decimal odds are the easiest to look at imo

[redbirdsjunkie]

What does it mean in American Odds if both numbers are negative?
For example, tomorrow 03/07/24 the Celtics play the Nuggets and Jaylen Brown's points line currently says Over 21.5 -120 / Under 21.5 -110 on DraftKings.
How would both lines be favorites? Does this imply that he's a favorite to go over 21.5 but a better favorite to go under 21.5?

[wisdomsakala]

In Africa so far so good we don't risks alot of money instead we add lots of team in one slip maybe 15 team less stake the strategy always works. Betting is easy money in Africa

[maloneshanefuentes]

If you Predict the betting its still you cannot find who will gonna win. No man can understand what future lies ahead