What Are Betting Odds and How Do They Work?

<p><span style="text-decoration: underline;"><strong>Understanding Betting Odds for Newbies | InsightsBet Explains</strong></span></p><p><strong><br/></strong></p><p><strong>⚡</strong>Confused by decimal, fractional, or American odds? This beginner-friendly guide from InsightsBet explains all in plain terms.&nbsp;</p><p>Odds might look like numbers on a screen—but they’re actually telling you two things: <em><strong>how much you could win, and how likely that win is.</strong></em></p><p><em></em></p><p>Let’s break them down:</p><p><strong><br/></strong></p><p><strong>InsightsBet Tip:</strong></p><ul class=" list-paddingleft-2"><li><p><em>Decimal odds × stake = total return</em></p></li><li><p><em>Lower odds mean higher win probability, but lower payout</em></p></li><li><p><em>Always compare odds across platforms (InsightsBet&#39;s Odds Index coming soon)</em></p></li></ul><p><em><strong><br/></strong></em></p><p><strong>Mini FAQ:</strong></p><p>Q: Are odds always reliable?&nbsp;</p><p><em>A: They’re educated guesses from the platform—not crystal balls.</em></p><p>Q: Can report sketchy odds?&nbsp;</p><p>A<em>: Yep. Head over to our Scam Report section and let us know.</em></p><hr/><blockquote><p>