What do sports betting odds actually mean?

As sports leagues have embraced gambling, betting lines are becoming ubiquitous and understanding them is an important skill for an informed citizen. (This video is neither to encourage nor discourage sports betting, but just to explain what the numbers mean mathematically).

0:00 Intro
0:37 Moneyline
1:51 Fractional
2:27 Decimal
2:48 Comparison
3:16 Edge
4:08 Formulas

Investopedia
https://www.investopedia.com/articles/dictionary/042215/understand-math-behind-betting-odds-gambling.asp
https://www.investopedia.com/articles/investing/042115/betting-basics-fractional-decimal-american-moneyline-odds.asp
Pictures
https://en.wikipedia.org/wiki/Sports_betting#/media/File:Betting_on_the_Favorite.jpg
Baishampayan Ghose, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0, via Wikimedia Commons
joshjdss, CC BY 2.0 https://creativecommons.org/licenses/by/2.0, via Wikimedia Commons
https:///en.wikipedia.org/wiki/Sports_betting#/media/File:Joey_O'Brien_West_Ham_Vs_Birkirkara_(19319060114).jpg

AP News
https://apnews.com/article/us-open-tv-betting-schedule-866b6c8b2842155d20e0ec8fca0a4020
Independent
https://www.independent.co.uk/betting/tennis/us-open-tennis-betting-preview-mens-2023
Wikipedia
https://en.wikipedia.org/wiki/Fixed-odds_betting

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