When i say odds that mean if u pay one amount and u get back more than just 2x how much you bet. This only happen when you bet on a person that is mostlikely to loss and the person win. For example there was a 5,000 pl person verse a 1,000 pl person, The ref will say that the odd are 20 to 1 on the 1,000 pl person all that mean is that what ever u get paid u will get 20x the money if the 1,000 pl person wins the match.

There is no privite bets all bets go thought the Bookie. The only time there will be a bookie in the room is if there is a tournment.