American Odds | What Are Moneyline Odds? How Do They Work?

American odds are a popular method of displaying odds in sports betting in the United States. They are represented using a positive (+) or negative (-) sign, with the positive number indicating the amount that can be won on a $100 bet and the negative number indicating the amount that must be wagered in order to win $100.

Positive American odds indicate the underdog in a betting situation, and the number represents the amount that would be won on a $100 bet. For example, if the odds are +200, a $100 bet would result in a $200 profit if the bet is successful.

Negative American odds indicate the favourite in a betting situation, and the number represents the amount that must be wagered in order to win $100. For example, if the odds are -150, a bettor would need to wager $150 in order to win $100.

It is important to note that American odds can be used for any type of bet, not just sports betting. They are often used in casino games such as craps and roulette, as well as in financial markets to represent the potential return on investment for a particular security.

American odds can also be converted into other formats such as decimal odds or fractional odds for easier comparison across different sportsbooks. To convert positive American odds to decimal odds, simply divide the odds by 100 and add 1. For example, +200 odds would be converted to 3.00 decimal odds (200/100 + 1). To convert negative American odds to decimal odds, divide 100 by the odds and add 1. For example, -150 odds would be converted to 1.67 decimal odds (100/150 + 1).