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 favorite work by showing how much money you would have to risk in order to win $100. Let’s illustrate that concept with some soccer odds…
The Miami Dolphins are -110 to win Sunday’s match
Placing a successful $110 bet on these yields $100 winnings
You also get you 110 bet back
Total payout = 210
Things are somewhat different when betting on an underdog, in the positive number shows just how much you can win if you gamble $100. You will observe that this is comparable to’odds-on’ stakes in UK markets.
The Buffalo Bills have chances of +240 that Sunday
Placing an effective $100 wager will yield $240 winnings
You get your bet back
Total payout = $340
If you see the letters PK alongside the chances offered on a match, it means there is not any favorite and you should»pick» the winner of this match without the need to be concerned about any point spread.
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