Odds are the numbers (usually a pair) offered by the bookmakers that represent their view for the chances of the team or a competitor. Note that the odds do not represent the real chances of winning, as the bookmakers base their odds on the proportions between the amounts of bets and money staked by the punters. Odds are usually presented a few days before the event. There are three types of odds: Fractional (UK, Ireland), American-Moneyline (US) and Decimal (rest of the world).

Read this article to know more about betting odds.