As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / Betting Terms A-Z / T / What is True Odds? True Odds Explained in 2 minutes

What is True Odds? True Odds Explained in 2 minutes

Publish Date: March 31, 2021
Fact checked by: Jesse M Cox

What are True Odds? True Odds Betting Explained

True odds is a betting term which refers to the actual probability of something happening, rather than the odds which a bookmaker or casino might offer against it happening. It always has to be remembered that bookmakers will set the odds they do not as a simple reflection of what they think the outcome of an event will be, but at a level which they believe is likely to make them the most money. The odds offered by a bookmaker need to be attractive enough to bring in bets, but still profitable in the event of the bookmaker wining, and not too damaging for them if the bettor wins.

How are True Odds Used in Sports Betting?

Calculating the true odds of a sporting outcome is a question of examining all of the odds being offered in depth and comparing the likelihood the bookmakers are expressing to the likelihood as it actually is. Of course, much of the pleasure of sports betting, and of watching sports in general, lies in the unpredictable nature of very many outcomes, so calculating the true odds will always be a matter of opinion as much as it is anything else. Professional tipsters who advise bettors on where to place their bets should, if they’re to be trusted, be able to spot the true odds on any given bet.

The ability to spot true odds is something which usually comes over time to more experienced sports bettors. It’s a combination of having the determination to truly study an event and all participants – noting factors such as the form of race horses, the likely line up of a football team or the ground at which a cricket match is being played – and an instinct for when bookmakers are playing safe in order to protect their profits. Being able to spot the true odds of a bet means being able to place a higher stake with some of the uncertainty removed.

See Also:

Evens

Value Bet

Odds-On

Read Also
What is American Odds? American Odds Explained in 2 minutes
American odds are also known as moneylines, and, like other odds, are ...
What is Odds Against? Odds Against Explained in 2 minutes
Odds compilers create a betting market by devising odds in an event ...
BetMGM Promo
What are Even Money Odds? Even Money Odds Explained
What are even odds in betting? Even money – or evens – ...
What is Decimal Odds? Decimal Odds Explained in 2 minutes
The odds on a bet represent the bookie’s calculation of how likely ...
What is an Odd Even Bet? Odd Even Bet Explained
An odd even bet refers to a wager that predicts the total ...
Top Betting Sites
Top Betting Bonuses
Bet365
4.6/5
BetMGM
4.6/5
FanDuel
4.5/5
Caesars
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
Get $150 in Bonus Bets Win or Lose when you bet $5!
T&Cs apply
4.6/5
Subject to meeting qualifying criteria. Minimum wager $5. Minimum odds -500 or greater. $10 minimum deposit. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only. Available in app only. Max. prize, game restrictions, time limits and T&Cs apply. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets If Your Bet Wins!
T&Cs apply
4.5/5
Caesars
Caesars Bonus
First bet back as a bonus bet up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
Bet $5, Get $200 in Bonus Bets Instantly!
T&Cs apply
4.5/5
Our Team
David Genge
David Genge
Editor
Jesse M Cox
Jesse M Cox
Chief Editor
Alyx Tzamantanis
Alyx Tzamantanis
Editor
Simon Briffa
Simon Briffa
Sports Editor
James Leeland
James Leeland
Editor
Author Icon
Marcus
Content Writer
mikegoodpaster
mikegoodpaster
Head Content Writer
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSLco² neutral
Close
Our Sports Pros recommend these awesome Social Casino sites this week:
Stake.us
Stake.us Bonus
55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply, 18+
Promo Code:
Go to Stake.us
Get Bonus
Fortune Coins
Fortune Coins Bonus
Claim Your Free 650,000 Gold Coins & 1,400 Fortune Coins
T&Cs apply, 18+
Promo Code:
Go to Fortune Coins
Get Bonus
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site