Sports Betting Odds 101

Understanding American Odds

American Odds Explained
As the name suggests, American Odds are mostly popular with sportsbooks here in the United States. American sports gambling odds work differently for favorites and underdogs, and are sometimes known as Moneyline Odds.
American odds for betting on a favourite work by showing how much money you would need to risk in order to win $100. Let us illustrate that concept with a few football odds…
Example:
The Miami Dolphins are -110 to win Sunday’s game Placing a successful $110 wager on these yields $100 winnings
You also get you original $110 bet back
Payout = 210 Things are a little different when betting on an underdog, in the positive number shows how much you’ll win if you risk $100. You will notice that this is similar to’odds-on’ stakes in UK markets.
Example:
The Buffalo Bills have odds of +240 this Sunday
Putting a successful $100 wager will yield $240 winnings
In addition you get your wager back
Total payout = $340 If you see the letters PK alongside the odds offered on a game, it means there is not any preferred and you should”pick” the winner of this match without the need to be concerned about any point spread.

Read more here: http://garuda.agencyfish.com/?p=42917

Related posts