Legal US sports betting odds for NFL, MLB, NBA, NHL, and more. Odds are updated in real-time.
Betting Odds in The US
American odds, also known as moneyline odds, are the odds that are most frequently utilized by online sportsbooks that cater to bettors based in the United States. American odds are also referred to as "moneyline odds." The American odds, which are displayed with plus (+) and minus (-) symbols to indicate the amount of money one needs to bet in order to win $100 or the amount of money one would win for every $100 that was staked, are probably the odds that are the easiest to understand. American odds are displayed with plus (+) and minus (-) symbols.
How Would You Rate Your Chances in the United States?
The odds can be expressed in a variety of different ways; the American odds are just one of them. You might see the abbreviation "pk," "pick," or "pick 'em" when referring to a pick 'em, depending on the website that you visit. There are two primary groups to take into consideration: the favorites and the underdogs.
In the case of favorites, a minus sign (-) is appended to the corresponding notation. If the absolute value of the number is high, then there is a better chance that the wager will come out on top. As a result of this, a favorite with odds of -200 has a better chance of winning than a favorite with odds of -120 does. You should ignore the minus sign and concentrate on the number by itself when thinking about this matter because 200 is a greater number than 120. When we talk about absolute value, we are referring to something like this.
The names of the teams that are considered underdogs are followed by a plus sign. The larger the number, the better the odds are for the underdog team to pull off the upset and win. As a result, an underdog with odds of +200 has a greater possibility of victory than an underdog with odds of +500.
The odds can be interpreted in a number of different ways.
In the process of determining the likelihood of an event occurring, the starting point in the United States is always $100. When you bet on favorites, you always risk the amount in order to win $100; on the other hand, when you bet on underdogs, you risk the amount in order to win the amount.
A favorite with a point spread of -135 means that the total amount of money that must be wagered in order to win $100 from the sports book is $135. As a result, you will either lose $135, win $100, or be left with the same amount of money.
If the underdog has a betting line of +350, it means that you will win $350 for a total wager of $100. You have the opportunity to win $350, lose $100, or have the bet considered a push.
You can quickly and easily convert American Odds into other odds formats, such as decimal or fraction odds, by using our totally free online calculator. Using this calculator gives you the ability to convert American Odds into other odds formats. On the vast majority of websites, if not all of them entirely, there is a drop-down menu that allows you to select the format that is most appropriate for your requirements.
Our team is also able to convert the American Odds into percentages for your convenience. When betting on certain odds, knowing what percentage of breakeven you need to achieve over the course of a long period of time in order to win money is helpful because it tells you how much money you need to win.
We are going to stick with the odds of -110 because that is the number that is most commonly used. When betting with odds of -110, the question that needs to be asked is, "how frequently will we need to win in order for us to break even?" The answer is "enough so that you turn 110 into 210 often enough to overcome the juice," despite the fact that it is expressed in percentages. Therefore, we take the $110 that we have staked and divide it by the total payout of $210 that we could receive if our ticket is successful. This gives us the percentage that we will receive if our ticket is successful. The total percentage that we get from this is 52.38 percent. When you use odds of -110, this indicates that in order to break even, you will require a win percentage of at least 52.38 percent of your total bets.
One more example will highlight the underdog in the situation. Let's say that the odds of winning for the underdog are plus 200. How many times do they have to win before we are in the same position as when we started? If we stake $100 and divide that by the total amount of money we have the potential to win, which is $300, we get 3333, which is equivalent to 33.33 percent. As a result, an underdog with odds greater than +200 and a winning percentage of more than 34% would constitute a profitable bet to place.
Bets placed on American sports, such as those played in the National Football League and the National Basketball Association, frequently include the use of point spreads as one of the components.
Consider the following illustration from the National Football League:
Atlanta +3 -115
Carolina -3 +110
Due to the fact that American odds are being used, the bookmaker will have some influence over the point spread; however, the significant number three will not change. Even when betting on spreads, it is important to take into account odds that are worse than -110 because they can have a negative impact on the percentage of winning bets that result in a breakeven situation. On the other hand, if you choose an underdog that has odds that are favorable to you, it will be beneficial to your overall profit.