As the name suggests, American Odds are largely popular with sportsbooks here in the USA. American sports gambling odds work differently for favorites and underdogs, and are sometimes known as Moneyline Odds.
American odds for betting on a favorite work by revealing how much money you may have to risk in order to win $100. Let’s illustrate that idea with a few football odds…
The Miami Dolphins are -110 to win Sunday’s match
Placing a successful $110 bet on them yields 100 winnings
You also get you 110 back
Payout = 210
Things are a little different when betting on an underdog, in that the positive number shows just how much you can win if you risk $100. You will notice that this is similar to’odds-on’ bets in UK markets.
The Buffalo Bills have chances of +240 this Sunday
Placing a successful $100 wager will yield $240 winnings
You get your wager back
Payout = $340
If you find the letters PK together with the chances offered on a game, it means that there is no favorite and you should»pick» the winner of the match without the need to worry about any point spread.
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