Understanding American Odds

As the name suggests, American Odds are mostly popular with sportsbooks here in the United States. American sports gambling opportunities work differently sports predictions favorites and underdogs, and are sometimes called Moneyline Odds.

American odds for betting on a favourite work by showing how much money you would need to risk to be able to win $100. Let’s illustrate that idea with a few soccer odds…

Example:

The Miami Dolphins are -110 to win Sunday’s match
Putting a successful $110 wager on them yields 100 winnings
You also get you 110 back
Complete payout = 210
Things are somewhat different when gambling on an underdog, in that the positive number shows how much you’ll win if you risk $100. You may observe that this is comparable to’odds-on’ stakes in UK markets.

Example:

The Buffalo Bills have odds of +240 that Sunday
Putting a successful $100 wager will yield $240 winnings
You also get your $100 bet back
Payout = 340
If you find the letters PK together with the odds offered on a match, it usually means there is not any favorite and you ought to”pick” the winner of this game without the need to be concerned about any point spread.

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