How do sports casters (nbc, etc) report the odds to win for each team? (500 to 1, 6 to 1)

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How do sports casters (nbc, etc) report the odds to win for each team? (500 to 1, 6 to 1)

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Anonymous 0 Comments

they are basically reporting betting odds from the major bookies. ie all the people who bet for one side to win vs the other side.

if both sides have equal bets, then it’s 50/50. if one side has slightly more bets to win, then it might be 52:48, etc.

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