How sports betting works
A bet is a prediction on an outcome, priced by odds. With decimal odds of 1.80, a ৳1,000 stake returns ৳1,800 if it wins: ৳800 profit plus your stake. Lower odds mean the bookmaker considers the outcome more likely.
Implied probability converts odds into a percentage: 1 ÷ odds × 100. Odds of 2.00 imply a 50% chance. Comparing that figure with your own estimate is the basis of value betting.