Do You Really UnderStand The Odds. Understand Like a Pro

How To Understand the TRUE CHANCES

How to Understand and Interpret Betting Odds (Like a Pro!)


So, you’re looking at betting odds and thinking, “What the heck do these numbers mean?” Don’t worry—I’ve got you covered. Whether you're betting on horses, football, or any other sport, understanding odds is way easier than it seems.


What Are Betting Odds?

Odds basically tell you two things:

  1. How likely something is to happen (according to the bookies).
  2. How much money you can win if you bet on it.

The Three Types of Odds

There are three main ways odds are shown:


1️⃣ Fractional Odds (UK Style)

Example: 5/1 (read as “five to one”)

  • This means for every $1 you bet, you win $5 (plus your original $1 back).
  • If the odds were 2/1, you’d win $2 for every $1 bet.
  • If the odds were 1/2, you’d need to bet $2 to win $1 (not as exciting, huh?).


2️⃣ Decimal Odds (European Style)

Example: 6.0

  • This tells you how much you get back in total for every $1 bet.
  • If the odds are 6.0, you’ll receive $6 for every $1 (including your original bet).
  • If the odds are 1.5, you’ll only get $1.50 for every $1—so it’s a safer but smaller win.


3️⃣ Moneyline Odds (American Style)

Example: +300 or -150

  • Positive numbers (e.g., +300) = How much you win from a $100 bet (so, +300 means you’d win $300 if you bet $100).
  • Negative numbers (e.g., -150) = How much you need to bet to win $100 (so, -150 means you’d have to bet $150 to win $100).

What Do the Odds Say About Winning Chances?


Betting Odds & Winning Percentages



For example, if a horse is 5/1, it only wins about 17% of the time. That means if the race happened 100 times, it would only win 17 times!


Remember if you are going to bet - DO YOUR HOMEWORK and MAKE A INFORMED DECISION !


Contact Us

Luke Murrell
March 5, 2025

Latest News

By Laurence Schuberth April 14, 2025
KRIS Lees has set a new goal with narrowly beaten Provincial-Midway Championships Final favorite Lord Of Biscay. It’s the same track (Royal Randwick) where the import just failed to overhaul the talented Matcha Latte in last Saturday’s $1m PMC Final (1400m) – but this time it’s an even richer target. That’s the $3m Listed Big Dance (1600m) at headquarters on November 4. Lees won the inaugural running in 2022 with Rustic Steel, ridden by Nash Rawiller. “Lord Of Biscay was very gallant last Saturday, and the extra distance of the Big Dance won’t be a problem,” Lees said this afternoon. “He became eligible for the race when he easily won the Ballina Cup over 1590m in January.  “Lord Of Biscay has done a terrific job this campaign, winning a couple of races and also being placed twice from five starts. “He will spell and we’ll get him ready for the Big Dance.”
By Laurence Schuberth April 13, 2025
Wandjina’s quality sprinting daughter Infancy produced a career best on day two of The Championships at Randwick when resuming off a break to win the Group II Sapphire Stakes (1200m). Showing her customary lack of early speed, Jason Collett settled Infancy back near the rear but found himself tracking short-price favourite Commemorative (I Am Invincible). That pair came widest in the straight with plenty to offer but Infancy produced a powerful drive in the final 100 metres to outgun the favourite and win by half a length with with Lady Laguna (Overshare) third. “She got a lovely ride from Jason and she's done the rest,” said trainer Kris Lees. “She's got a really good Randwick record. She's a back marker, so if you go through her form, there's a few hard-luck stories amongst it, but she had the luck today.” Bred by Australian Bloodstock, Infancy is one of two winners from two to race for Childhood (USA), an American-bred daughter of Lonhro, who won two of five starts in Ireland before failing at her only start in America. A half-sister to three stakes winners, including the Grade III winner Baby J and the Grade 1-placed Laureate Conductor, Childhood (USA) was a 60,000 gns buy for Ronald Rauscher from the Godolphin consignment at the 2017 Tattersalls July Sale. McEvoy Mitchell Racing / Belmont Bloodstock Agency (FBAA) shelled out $60,000 for a now to year-old filly by Graff consigned by HP Thoroughbreds to the 2024 Inglis Classic Yearling Sale. Her 2025 yearling, also by Graff made $90,000 to Tasman Thoroughbreds, again at Classic. She didn’t produce a foal last year and has been served by Tassort. Infancy is one of six stakes winners for Larneuk Stud’s Group 1 Australian Guineas hero Wandjina (Snitzel). He’s enjoying a strong year with three stakes winners including this season’s Group II winner and Group I placed Hong Kong galloper Galaxy Patch.
By Laurence Schuberth March 28, 2025
Australian Bloodstock director Luke Murrell is not afraid to take a decent punt on overseas stayers in his quest for more Melbourne Cup glory. Usually, though, the horse is younger than seven-year-old Vauban. “We’ve only bought a couple of expensive ones like him at that level, and they’ve always been three or four-year-olds,” Murrell said. “This one was older, but it’s probably like buying the Camry off the one-owner lady that’s got only 20,000kms on it, even though it’s 10 years old. “When you look at his record, he’d won eight of 21, and he was always a tough, sound horse, because those VRC protocols are ridiculous, so for him to pass them, he’s very sound.” Murrell and fellow Australian Bloodstock founder Jamie Lovett have built their syndication company on buying the right horse and giving clients a shot at the Melbourne Cup, and other features along the way. Protectionist put them on the map with his dominant Cup win in 2014 and Gold Trip, which cost more than $2 million, repaid them with victory in 2022. Vauban, though, is a new direction for Australian Bloodstock, which went halves with trainers Gai Waterhouse and Adrian Bott in a purchase believed to be close to $2 million after last year’s Cup.
By Laurence Schuberth March 26, 2025
Two strong juvenile maiden races at Randwick on Wednesday very nearly produced a winning double for Coolmore based shuttler Wootton Bassett (GB) with his colt Regulated Affair missing by a whisker on debut and then his talented filly Wootton Lass made amends with a stylish victory at her second start.
By Laurence Schuberth March 16, 2025
Vauban started his new chapter in Australia in fine style when thundering home to win the Sky High Stakes at Rosehill on Saturday. On his first start since finishing 11th in the Melbourne Cup for trainer Willie Mullins and owners Rich and Susannah Ricci, Vauban made a winning debut for Australian Bloodstock following his A$2 million (£1.02m/€1.22m) sale shortly after the Flemington feature last November. Almost three years to the day since the now seven-year-old won the Triumph Hurdle at the Cheltenham Festival, he was racing in very different conditions to what he is used to, with temperatures soaring to a sweltering 36C in the Sydney suburbs. The 1m2f trip of the Group 3 Sky High was also the shortest distance Vauban has run over in his career, which yielded eight wins in 21 starts in Europe. Despite those challenges, he proved up to the task as he overhauled Arapaho on the line to score by a nose under Tim Clark.
By Laurence Schuberth March 16, 2025
Gai Waterhouse admits her hopes of a triumphant return to the track for former Irish star Vauban were thinning moments before Saturday’s Group 3 Sky High Stakes (2000m) at Rosehill
More Posts
Share by: