Sportsbet Review – Odds Explained

Sportsbet is one of the top betting websites in Australia and has a wide range of markets on most major sports. They offer a number of features and bonuses that make them a great choice for new customers.

Odds Explained

Sportsbook odds are important for calculating how much you’ll profit from a bet, as well as the implied probability of a result. They also indicate whether the team is a favorite or underdog and how far it’s possible to spread your money between both options.

Moneylines

In addition to setting a line for the favorite and underdog, sportsbooks will also set a total number of points scored in a game. These figures help set expectations, as a tight line indicates that the favorite is a better bet than the underdog.

Fractional odds

These are a little more complicated than moneylines and show the percentage probability of an outcome. They’re a great way to determine who has the best chance of winning, as they’ll give you more accurate predictions than just the moneyline.

Bet With Mates

This is a cool feature that allows you to pool your funds with other people and bet on any racing or sports market at the same time. You don’t even need to bet the same amount – just split the bets up among the people in your group.