Sports Betting Odds 101

Understanding American Odds

American Odds Explained
As the name implies, American Odds are mostly popular with sportsbooks here in the USA. American sports betting odds work differently for favorites and underdogs, and are sometimes called Moneyline Odds.
American odds for betting on a favorite work by showing how much money you may have to risk so as to win $100. Let’s illustrate that concept with a few soccer odds…
Example:
The Miami Dolphins are -110 to win Sunday’s game Putting an effective $110 wager on them yields $100 winnings
You also get you 110 wager back
Total payout = $210 Things are somewhat different when betting on an underdog, in the positive number shows just how much you can win should you risk $100. You may notice that this is comparable to’odds-on’ bets in UK markets.
Example:
The Buffalo Bills have odds of +240 this Sunday
Placing a successful $100 bet will yield $240 winnings
In addition you get your own $100 bet back
Payout = $340 If you find the letters PK alongside the odds offered on a game, it means there is no favorite and you should”pick” the winner of the match with no need to be concerned about any point spread.

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