Knowing American Odds
American Odds Explained
As the name implies, American Odds are mostly popular with sportsbooks here in the USA. American sports gambling odds work differently for favorites and underdogs, and are sometimes called Moneyline Odds.
American odds for betting on a favourite work by showing how much money you may have to risk in order to win $100. Let’s illustrate that idea with some football odds…
The Miami Dolphins are -110 to win Sunday’s game Placing an effective $110 wager on these yields $100 winnings
In addition you get you first $110 back
Total payout = 210 Things are somewhat different when gambling on an underdog, in the positive number shows just how much you can win should you risk $100. You may observe that this is comparable to’odds-on’ stakes in UK markets.
The Buffalo Bills have odds of +240 that Sunday
Placing an effective $100 wager will yield $240 winnings
You also get your $100 wager back
Complete payout = $340 If you find the letters PK alongside the odds offered on a match, it usually means that there is not any preferred and you should”pick” the winner of the game with no need to worry about any point spread.
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