As its name suggests, American Odds are mostly popular with sportsbooks here in the United States. American sports gambling opportunities 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 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 game
Putting an effective $110 wager on these yields 100 winnings
You also get you 110 back
Total payout = 210
Things are somewhat different when gambling on an underdog, in that the positive number shows just how much you’ll win if you gamble $100. You will observe that this is comparable to’odds-on’ stakes in UK markets.
The Buffalo Bills have odds of +240 that Sunday
Putting a successful $100 bet will yield $240 winnings
In addition you get your $100 wager back
Complete payout = 340
If you find the letters PK together with the chances offered on a match, it usually means there is not any favorite and you ought to”pick” the winner of this match with no need to worry about any point spread.