In gambling, the odds on display do not represent the true chances (as imagined by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.
now I want to be independent sports better hence want to learn about odds.
By simply skipping the part of "odds", will we able to make profits in sports betting like capability of predicting the winning team is alone enough ?
While in dice or roulette there are exact mathematical odds of winning, especially if you play online and thus don't have to take into account how perfect the dice are or whether the table it not slightly leaning towards one side. When it comes to sports betting, the odds are calculated approximately by experts taking into account various factors like the strength of the teams as well as on what people are likely to bet:
There are a team of people employed by any bookmaker, usually referred to as Traders, Risk Analysts or Odds Compilers. Their job is to produce odds that closely represent the chance of an occurrence.
Any skill-based game has to do with only approximate odds, but at the same time it's this proximity that leaves space for regular winnings.