Unless you know how to calculate betting odds, you will have no way of knowing whether the sports bets are good value or best left alone.

It doesn’t matter whether you’re going to the best betting sites with PayPal in Australia, or the best betting sites with bank transfer in Australia, as they will all put on odds that you get a chance to bet on. Thankfully, we are here to show you how betting odds are calculated and to have betting odds explained in a simple way that anybody can easily understand. ‘What do betting odds mean?’ is a question that you will need to get answered if you have any hope of making any money from your sports bets.

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How are sports betting odds calculated