Odds-making

Odds-making is the process of calculating and presenting the probability of an event occurring, typically used in sports betting and gambling. It involves analyzing factors like team performance, player statistics, and other relevant data to estimate the likelihood of different outcomes. The odds then translate these probabilities into a numerical format—such as fractional, decimal, or moneyline odds—offering bettors a way to assess potential winnings relative to their wager. Essentially, odds-making helps establish fair and competitive prices for bets, balancing risk and reward based on the predicted chances of each possible result.