Odds betting

Basic characteristics

Betting odds is a game of chance where a win is dependent on guessing of the betting opportunity. A betting opportunity means in particular an outcome of a sports or other public event. The amount of the win is directly proportional to the winning ratio (hereinafter referred to as the "odds") at which the bet was accepted and the amount of the bet.

A specific type of it is live betting , where bets are accepted while the betting opportunity is taking place.