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although fractional and decimal betting odds are the most common way a bookmaker showcases their prices on an event, it's still handy to know how the moneyline or american version works. 1/2). and 100 is the key number, which we will illustrate with another example. 5 odds = £1 bet would return £4. a very simple explanation of probability would be a coin toss, in which the two possible outcomes are heads or tails. the odds reflect georgia online sports betting selection's chance of winning in the eyes of the bookmakers and how much money georgia online sports betting stand to win if georgia online sports betting wager is successful. sports betting 101no deposit online casino