Sports Betting Odds 101

Knowing American Odds

American Odds Explained
As its name suggests, 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 need to risk in order to win $100. Let’s illustrate that idea with some football odds…
Example:
The Miami Dolphins are -110 to win Sunday’s match Putting a successful $110 bet on them yields $100 winnings
You also get you original $110 wager back
Total payout = $210 Things are somewhat different when betting on an underdog, in the positive number shows just how much you’ll win should 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 that Sunday
Placing an effective $100 wager will yield $240 winnings
You get your $100 wager back
Payout = $340 If you find the letters PK alongside the chances offered on a match, it usually means that there is no favorite and you should”select” the winner of this game without the need to worry about any point spread.

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