On the other hand, underdog odds are represented by a positive (+) sign, and denote how much you can win by betting $100. Put simply: Potential profit = Wager / (Odds/100). – To calculate your potential payout on a favorite, all you need to do is divide your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. The odds for favorites are denoted by a negative (-) sign and the amount you need to bet in order to win $100. As such, in each moneyline bet, there is a favorite and underdog. As opposed to betting on a point spread (which takes into account who wins and by how much), the moneyline bet is ONLY about which team wins. Simply put, it is betting on a specific team to win the game. Moneyline bets are the easiest wagers of all. – American odds (also referred to as “moneyline odds”). Having said that, betting odds are displayed in a variety of formats, each with a different way of calculating payouts. So before placing a bet, be sure you do an odds comparison with Sidelines. This ensures that they are not exposed and make an even amount of money. They minimize their risk by adjusting the odds on either side of a particular bet in order to drive action to one side or another. However, before taking a sportsbook at their word regarding the odds of an event, you should know that sportsbooks don’t like to gamble. Second (and most relevant factor for sports bettors), they communicate how much money you could win by betting on an event. First, odds are the numerical way sportsbooks indicate the likelihood of an event happening. Meaning, betting odds are not arbitrarily assigned they serve to communicate two things to every bettor. Lines are created by sportsbooks using a statistical model to provide a forecast of a game, which then drives the first line and the odds.

Sports betting american odds calculator