1X2 odds, commonly used in sports betting, represent three possible outcomes of a match: a win for the home team (1), a draw (X), or a win for the away team (2). These odds indicate the bookmaker's assessment of each outcome's likelihood, with lower odds suggesting a higher probability. For bettors, understanding 1X2 odds is crucial for making informed wagers, as they directly influence potential payouts. By analyzing these odds, bettors can identify value bets and strategize their betting approach effectively.