What are True odds?
True
Odds are an accurate reflection of the underlying probability for an event. A
sportsbook will then add their
margin (or '
juice', '
vigorish') in order to make a profit. If an event occurred where both teams were 50% chance of winning, the true
odds would be +100 ($
2.00) but the
sportsbook would usually list this at -110 ($
1.91) given their
margin.
