Betting odds are a representation of the probability that an event will occur. In each event, every outcome has a chance of taking place. Odds are simply an interpretation of these chances.
On Picklebet, each betting market offered will have odds attached.
Odds are represented in decimals, from 1.01 through to 1001. 2.00 represents an even likelihood of an outcome occurring. The longer the odds, the bigger the estimated payout. The shorter the odds, the smaller the estimated payout.
If the odds for mousesports to beat BIG are a 1.70 and you stake $10 on mousesports to win, your estimated payout would be:
$1.70 (odds) x $10.00 (stake) = $17.00 (payout).