## In the most basic form, betting odds are a representation of the underlying chance that an event will occur - the probability. In any event, every outcome has a chance of taking place. Odds are simply an interpretation of these chances.

## On Skrilla, each betting market is attributed an odd. Skrilla manages and creates the betting odds for each betting market.

## On the Skrilla platform odds are represented in decimals. For example a 50/50 bet would be represented as 2.00.

## The closer the odds are to 1.00 indicates there is a strong chance this event will occur. These is called short odds. The further the odds are away from 1.00 indicates the event has a less likely chance of occurring. These are called long odds.

## The longer the odds, the bigger potential payout. The shorter the odds, the smaller the payout.

## When you place a esports bet, you stake an amount of money on a particular betting market. The stake amount is multiplied by the odd of that market, and this create the potential payout amount.

## For example if the odds for mousesports to beat BIG are a 1.70. If you stake $10 on mousesports to win, your potential payout would be $17.00 = $1.70 (odds) x $10.00 (stake).