And all sportsbooks work out your odds for you with easy-to-use betting slips. These websites have a built-in sports bet calculator to help gamblers work out their. Odds are a numerical expression, usually expressed as a pair of numbers, used in both Thus, odds of 6 to 1 mean the first party (normally a bookmaker) stakes six times the amount staked by the second It is much harder to judge the fairness of the odds offered in a wager on a sporting event such as a football match. How to Read Odds. If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the. For a lot of wagers on sporting events, you'll see that different bookmakers offer different odds. Where the two diverge you can potentially turn that edge in your favour, and generate profit, which is what a bettor should be focused on. Online Casinos Slots Sports Betting Poker Real Money Gambling Best Bonuses No Download Gambling Live Dealer Casinos About Us. With a good sports betting calculator, you can easily discover the prices of all the Doubles, Trebles, Kiezking, and one Five-Fold. Read on to find. A variation of fractional odds is known as Hong Kong odds.