American odds - Revision history

Vincent at 16:41, 1 November 2019

2019-11-01T16:41:06Z

Vincent at 16:27, 1 November 2019

2019-11-01T16:27:25Z

Vincent at 16:19, 1 November 2019

2019-11-01T16:19:00Z

Vincent: Created page with "American odds is a format used to display betting odds. Positive and negative numbers are used to indicate potential profit relative to a 100 unit risk. American odds are freq..."

2019-11-01T16:06:59Z

Created page with "American odds is a format used to display betting odds. Positive and negative numbers are used to indicate potential profit relative to a 100 unit risk. American odds are freq..."

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American odds is a format used to display betting odds. Positive and negative numbers are used to indicate potential profit relative to a 100 unit risk. American odds are frequently used in the United States.

== How American Odds Work ==

The betting odds for any market will be either a positive or negative number. The negative numbers require an initial risk of that amount in order to profit $100. The more favored a market is to win the larger the negative number as the bettor is required to risk more money for a fixed return. In the example below the New England Patriots are -180 favorites on the [[moneyline]]. A risk of $180 would yield $100 profit for a total return of $280.

{| class="wikitable" style="text-align: center; margin: auto;"
|- style="background-color:#eaecf0;"
|colspan="2"|'''Team'''
|'''Spread'''
|'''Total'''
|'''Moneyline'''
|-
|[[File:Patriots.png|25px]]
|New England Patriots
| -3.5 (-110)
| Over 44.5 (-110)
| -180
|-
|[[File:Ravens.png|25px]]
|Baltimore Ravens
| +3.5 (-110)
| Under 44.5 (-110)
| +160
|}

The positive numbers require an initial risk of $100 to profit that amount. Wagering on a market with +125 odds would give a $100 bet a profit of $125 for a total return of $225.

The industry standard for the odds of two teams or players with equal odds will be set at -110 for both sides. This means that a bet on either side

Two competing teams with equal moneyline odds would normally be set at -110 due to the bookmaker's commission (known as the [[vig]]). A risk of $110 would yield a $100 profit on either side. The more a team is favored to win the more negative the moneyline odds will become. Odds of -150 would now require a greater risk of $150 to profit $100.

{| class="wikitable" style="text-align: center; margin: auto;"
|- style="background-color:#eaecf0;"
|'''Moneyline Odds'''
|'''Risk'''
|'''Profit'''
|'''Return'''
|-
| -500
|$500
|$100
|$600
|-
| -250
|$250
|$100
|$350
|-
| -200
|$200
|$100
|$300
|-
| -150
|$150
|$100
|$250
|-
| -110
|$110
|$100
|$210
|}

Consequently, the larger the underdog the more positive the odds will be. A moneyline set at +150 will require a smaller risk of $100 to produce a greater profit of $150. The table below visualizes the transition from negative to positive odds:

{| class="wikitable" style="text-align: center; margin: auto;"
|- style="background-color:#eaecf0;"
|'''Moneyline Odds'''
|'''Risk'''
|'''Profit'''
|'''Return'''
|-
| -105
|$105
|$100
|$205
|-
| -101
|$101
|$100
|$201
|-
| +100
|$100
|$100
|$200
|-
| +101
|$100
|$101
|$201
|-
| +105
|$100
|$105
|$205
|}

In the example below the New England Patriots are favored to win with -180 moneyline odds. A bet of $180 would yield a profit of $100 for a total return of $280 in the event of an outright Patriot victory by any margin. The Baltimore Ravens are underdogs with +160 moneyline odds. A wager of $100 would produce a $160 profit and a total return of $260 should the Ravens win.

{| class="wikitable" style="text-align: center; margin: auto;"
|- style="background-color:#eaecf0;"
|colspan="2"|'''Team'''
|'''Spread'''
|'''Total'''
|'''Moneyline'''
|-
|[[File:Patriots.png|25px]]
|New England Patriots
| -3.5 (-110)
| Over 44.5 (-110)
| -180
|-
|[[File:Ravens.png|25px]]
|Baltimore Ravens
| +3.5 (-110)
| Under 44.5 (-110)
| +160
|}

@@ Line 25: / Line 25: @@
 |}
-Positive numbers will require a risk of $100 in order to profit that amount. Using the same example the Baltimore Ravens are +160 underdogs on the moneyline. A bettor who risks $100 would stand to make $160 profit for a total return of $260. It's important to note that the bettor can wager any amount they want within their sportsbook's defined limits and are not restricted to $100 intervals.
+Positive numbers will require a risk of $100 in order to profit that amount. Using the same example the Baltimore Ravens are +160 underdogs on the moneyline. A bettor who risks $100 would stand to make $160 profit for a total return of $260. It should be noted that any amount within a sportsbook's limits can be wagered. The $100 base risk and return are simply to make the odds easier to visualize.
-The more favored a market is to win the more negative the American odds will be. The bettor is required to risk larger amounts to yield the same $100 profit. Consequently the more of an underdog a market is the larger the positive number. The bettor will receive a greater return on their $100 wager if it were to win.
+The more favored a market is to win the more negative the American odds will be; the bettor is required to risk larger amounts to yield the same $100 profit. Consequently the more of an underdog a market is the larger the positive number; the bettor will receive a greater return on their $100 wager if it were to win. Here are some example odds with their respective risk, profit, and return:
 {| class="wikitable" style="text-align: center; margin: auto;"

@@ Line 27: / Line 27: @@
 Positive numbers will require a risk of $100 in order to profit that amount. Using the same example the Baltimore Ravens are +160 underdogs on the moneyline. A bettor who risks $100 would stand to make $160 profit for a total return of $260. It's important to note that the bettor can wager any amount they want within their sportsbook's defined limits and are not restricted to $100 intervals.
-The more favored a market is to win the more negative the American odds will be. The bettor is required to risk larger amounts to yield the same $100 profit. Consequently the more of an underdog a market is the larger the positive number. The bettor will receive a greater return on their $100 wager if it were to win. The following table features some example payouts for American odds as well as displays the transition between positive and negative odds.
+The more favored a market is to win the more negative the American odds will be. The bettor is required to risk larger amounts to yield the same $100 profit. Consequently the more of an underdog a market is the larger the positive number. The bettor will receive a greater return on their $100 wager if it were to win.
 {| class="wikitable" style="text-align: center; margin: auto;"
 |- style="background-color:#eaecf0;"
-|'''Moneyline Odds'''
+|'''American Odds'''
 |'''Risk'''
 |'''Profit'''
@@ Line 83: / Line 83: @@
 | +110
 |$100
 |$210
 |-
@@ Line 101: / Line 102: @@
 |}
+The transition between positive and negative odds can be observed in the table above. A wager that features a 1-to-1 return would have +100 odds since a $100 risk returns a $100 profit. However two sides of a betting market with equal odds will instead be set at -110. This is due to the bookmaker's commission known as the [[vig]]. In the example below both sides of the [[spread]] and [[total]] have -110 odds.
 {| class="wikitable" style="text-align: center; margin: auto;"

@@ Line 3: / Line 3: @@
 == How American Odds Work ==
-The betting odds for any market will be either a positive or negative number. The negative numbers require an initial risk of that amount in order to profit $100. The more favored a market is to win the larger the negative number as the bettor is required to risk more money for a fixed return. In the example below the New England Patriots are -180 favorites on the [[moneyline]]. A risk of $180 would yield $100 profit for a total return of $280.
+The betting odds for any market will be either a positive or negative number. The negative numbers require an initial risk of that amount in order to profit $100. In the example below the New England Patriots are -180 favorites on the [[moneyline]]. A risk of $180 would yield $100 profit for a total return of $280.
 {| class="wikitable" style="text-align: center; margin: auto;"
@@ Line 25: / Line 25: @@
 |}
-The positive numbers require an initial risk of $100 to profit that amount. Wagering on a market with +125 odds would give a $100 bet a profit of $125 for a total return of $225.
+The more favored a market is to win the more negative the American odds will be. The bettor is required to risk larger amounts to yield the same $100 profit. Consequently the more of an underdog a market is the larger the positive number. The bettor will receive a greater return on their $100 wager if it were to win. The following table features some example payouts for American odds as well as displays the transition between positive and negative odds.
 {| class="wikitable" style="text-align: center; margin: auto;"
@@ Line 52: / Line 46: @@
 |$350
 |-
-| -200
+| -125
-|$200
+|$125
 |$100
-|$250
+|$225
 |-
 | -110
@@ Line 66: / Line 55: @@
 |$100
 |$210
 |-
 | -105
@@ Line 101: / Line 80: @@
 |$105
 |$205
 |}
 In the example below the New England Patriots are favored to win with -180 moneyline odds. A bet of $180 would yield a profit of $100 for a total return of $280 in the event of an outright Patriot victory by any margin. The Baltimore Ravens are underdogs with +160 moneyline odds. A wager of $100 would produce a $160 profit and a total return of $260 should the Ravens win.