If you have even the slightest interest in betting then you will need to know at the least the basics about betting odds. Bookmakers will express the odds in a number of ways – fractional, decimal and moneyline (or American). But they all mean the same thing and that is a reflection of how much you can expect to receive from a winning bet.

There is a lot of information that you can take from the odds – or the price – of an event’s outcome and when you understand how to read the format and what that means you can work out whether the bet is a good one to pick.