Millions of people enjoy betting on sporting events and this involves keeping track of the gambling odds for each event. The gambling odds will give some idea about which team or individual is favored in a sporting event, but they are primarily designed to let you know how much you can win or lose on a specific bet. In order to place bets that have a good chance of being successful you need to look behind the odds and find out more about how they were arrived at.For example, the gambling odds on a baseball game will tell you which team is favored to win in a game involving the Texas Rangers and the New York Yankees. However, there can be many factors involved in determining why one team is favored over the other. For example, say that the Yankees are a heavy favorite to win the first game of a three game series. This may be due to the pitching match up if in fact the Yankee hitters have had great success in the past against the Rangers starting pitcher.On the other hand an injury to a key Rangers player may have helped determine the gambling odds. If the player is the best clutch hitter for the Texas team then that can certainly impact the outcome of a game. Even the place where the game is being played and the weather conditions can help determine gambling odds. If the game is being played in the Rangers home stadium it is known to favor power hitters like many in the Yankee line up and if it is expected to rain before the game, the outfield will probably be slippery. So take a look at the odds, learn all you can and place your bets.