Very rarely, you will find that a bookmaker completely prices a bet incorrectly. This can be a very lucrative way of betting if you hit the market just right. By understanding the market you are betting on thoroughly you can learn to take advantage of fluctuations in the odds on sports. Sometimes you’ll find that a wager offers higher odds than you would have expected, sometimes lower. The key to successful betting is understanding odds value.
But of course, if it does, you’ll get a larger return for your money.
The higher the odds, the less likely a bet will come in.
As mentioned above, odds are used to indicate the likelihood of a bet being a success.