Chornomorets – Obolon
Football. Ukrainian Premier League
Odds are a numerical expression of the probability that some potentially possible event can occur. In other words, odds are coefficients.
What is the distinctive feature of the odds of betting shops?
Unlike statistical probabilities, which are expressed in percentages, bookmakers offer their players a so-called bet, in which the probability is offered as a certain bet condition.
For example, the bookmaker offers the player to bet on the team winning with the odds of 2.26. This means that the betting conditions are such that if the player wins, the bookmaker will pay the cash prize in the following ratio: $226 will be paid for 100 delivered dollars.