Difference between revisions of "American odds"

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(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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== How American Odds Work ==
 
== How American Odds Work ==
  
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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.
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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;"
 
{| class="wikitable" style="text-align: center; margin: auto;"
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|}
 
|}
  
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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.
  
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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.
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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.
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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
 
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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;"
 
{| class="wikitable" style="text-align: center; margin: auto;"
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|$350
 
|$350
 
|-
 
|-
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| -200
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| -125
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|$200
+
|$125
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|$100
 
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|$300
 
−
|-
 
−
| -150
 
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|$150
 
 
|$100
 
|$100
−
|$250
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|$225
 
|-  
 
|-  
 
| -110
 
| -110
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|$100
 
|$100
 
|$210
 
|$210
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|}
 
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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:
 
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{| class="wikitable" style="text-align: center; margin: auto;"
 
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|- style="background-color:#eaecf0;"
 
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|'''Moneyline Odds'''
 
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|'''Risk'''
 
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|'''Profit'''
 
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|'''Return'''
 
 
|-
 
|-
 
| -105
 
| -105
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|$105
 
|$105
 
|$205
 
|$205
 +
|-
 +
| +110
 +
|$100
 +
|$210
 +
|-
 +
| +125
 +
|$100
 +
|$125
 +
|$225
 +
|-
 +
| +250
 +
|$100
 +
|$250
 +
|$350
 +
|-
 +
| +500
 +
|$100
 +
|$500
 +
|$600
 
|}
 
|}
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 +
  
 
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.
 
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.

Revision as of 16:19, 1 November 2019

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. 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.

Team Spread Total Moneyline
Patriots.png New England Patriots -3.5 (-110) Over 44.5 (-110) -180
Ravens.png Baltimore Ravens +3.5 (-110) Under 44.5 (-110) +160

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.

Moneyline Odds Risk Profit Return
-500 $500 $100 $600
-250 $250 $100 $350
-125 $125 $100 $225
-110 $110 $100 $210
-105 $105 $100 $205
-101 $101 $100 $201
+100 $100 $100 $200
+101 $100 $101 $201
+105 $100 $105 $205
+110 $100 $210
+125 $100 $125 $225
+250 $100 $250 $350
+500 $100 $500 $600


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.

Team Spread Total Moneyline
Patriots.png New England Patriots -3.5 (-110) Over 44.5 (-110) -180
Ravens.png Baltimore Ravens +3.5 (-110) Under 44.5 (-110) +160
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