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Betting odds in bookmaking represent the probability of a specific event occurring. The higher the probability of an event, the lower the odds will be. Conversely, the lower the probability of an event, the higher the odds will be. Higher odds mean a larger payout if you win the bet.
You can read more about it in our guide.
Bookmakers apply a betting margin, resulting in offered odds being lower than the actual implied probability. It's fees they take from player bets. Betting margins vary from site to site, but as a rule of thumb, lower margins are better for players because odds increase proportionately.
Yusaku is an editor and fact-checker at BettingGuide India. He has worked for a few online casino operators in customer support, management and marketing roles since 2020. His few years of hands-on experience in casino operation and expertise in the iGaming industry help see through the qualities of online gambling sites and create honest reviews. If you have any questions about online gambling in India, please feel free to contact him.