The Post answers questions below that’ll help you accomplish that. Some formats of betting odds are different by country or by sport, and it’s important to have those betting odds explained so the best way to maximize money is understood.īut before you place your next bet, it’s important to understand how betting odds work and how to read them - regardless of whether you wager online or in-person. Where is sports betting legal? Updates for the USīetting odds have always lined newspapers, and now they’ve started to become popularized in electronic applications, too, as t he presence of mobile betting expands. What is over/under betting? Examples of how to bet on totals Your guide to the most common sports betting terms, with examples What is a parlay? Examples and how to make a parlay bet on sports