Whether you’re an experienced bettor looking to apply advanced betting tools or just starting out, it’s important to know the odds and probabilities of winning and losing. Fortunately, there are plenty of resources available to help you make smart wagers. These include calculators, charts, and a variety of betting tools.

The sports betting industry is fast-growing, with its omnipresent advertisements reaching into most U.S. homes during sporting events and even non-sports programming. Few TV viewers have been spared from a Sportsbet commercial featuring a slender and spry-looking football player in a red suit.

In addition to the traditional Moneyline wagers, Sportsbet offers a number of other betting markets. These include the point spread, which handicaps one team or player over another and requires them to win by a certain margin in order to cover the spread. You can also place a parlay, which combines multiple teams or players in a single bet. These bets are based on the probability that you’ll win all of your picks, and you can increase your chances of winning by shopping around for the best odds.

Despite their wide range of betting options, Sportsbet’s odds don’t seem to be up to scratch. When compared to other major bookmakers, their sports and racing odds are often below average. This is especially apparent for big race and football markets. While they offer a great Same Game/Race Multi Builder function, stats, insights, tips, live streaming and a Bet with Mates feature, these features are not enough to offset their poor odds.