We explain how to read and understand sports betting odds. ExplainBettingOdds. com shows you how Vegas betting odds work and we explain the types of Point Spreads Explained · Over/Under? · NHL Betting Odds Explained · Parlays. Odds are only a representation of probability. Calculating odds from probability is the first step in developing your own assessments of betting value. And all sportsbooks work out your odds for you with easy-to-use betting slips. These websites have a built-in sports bet calculator to help gamblers work out their. Moneyline odds are often referred to as American odds. They have fractional, decimal and American odds alike, with all of the best bet types. US Odds If you wish to bet free money poker no deposit US Sports then you will also need to understand American odds. Football fans should look at our football accumulator page and see who is best to bet with Think this article could be improved? The odds show how many units you win in terms of winning per unit staked. Laying Odds This is another term for a bookmaker taking bets.