American Money Line Odds 

Moneyline odds (aka “American” odds or “American” odds) are popular in the United States. Odds for favorites are marked with a minus sign (-) to indicate the amount you need to bet to win $100. On the other hand, Loser odds have a plus sign (+) indicating the amount won for every $100 wagered.

In both cases, the winner gets back their original wager in addition to the winnings. Difference between the two; odds for the favorite and the underdogs widen as the probability of the favorite winning increases.

Example:

Suppose a betting site is pricing an NFL game between the Pittsburgh Steelers and the Kansas City Chiefs at the following odds.

Steelers: +585

Chief: -760

The bookmaker gave the Steelers odds of +585, which indicates that the bookmaker thinks the Steelers have a much lower probability of winning (about 15%). So you’d need to risk $100 on the Steelers for a potential win of $585. If the Steelers can get out of the way, you’ll get back an initial $100 bet in addition to your $585 win, a total of $685.

If you decide to bet on the Chiefs (which, according to the bookmaker, has a higher implied probability of winning the game), you would need to bet $760 to win $100. If the Chiefs win, you will win $100 for a total payout of $860 ($760 initial stake + $100 profit).

In this game, the two odds are very different, indicating that the Chiefs have a much higher probability of winning the game.

What are 7 to 2 odds?

The seven-to-two odds mean you can win $7 for every $2 wagered if the bet is successful. The fractional odds are the number on the left indicates how much you won, while the number on the right means how much you need to bet.

What does +200 mean to the odds?

When odds are indicated with a plus (+) or minus (-) sign followed by a number, they are American odds lines; for example, +200 represents the amount a bettor can win if they bet $100. If the player’s bet is successful, they will receive a total payout of $300 ($200 net profit + $100 initial stake).

What does it mean when the odds are negative?

Negative numbers (in U.S. Money Line odds) are reserved for favorites on the betting line and indicate how much you need to bet to win $100 – you usually need to put more to win the $100 favorite. Instead, a positive number is attached to the loser and refers to the amount you could win if you bet $100. You can make more money with positive odds, but your chances of winning are lower.

What are Vegas odds?

Vegas odds are used for sports betting. Using the U.S. currency line, including the spread and the total number of points the bookmaker thinks will be scored. This allows bettors to bet above or below the bookmaker’s score and indicate what they believe the spread will be.

Bottom line

If you are planning to enter the world of betting, it is essential to understand and explain all types of odds well. You need to be familiar with the conversion between different odds formats, the transformation of odds to implied probabilities, and the difference between the real chance of an outcome and the displayed odds. Only then can you place an educated bet.