![]() They dominate TV broadcasts for sports such as NFL, NBA, and MLB, so understanding what the numbers mean is important for bettors.Īlways remember the rule: when betting favorites, the number is how much you need to bet to make a $100 profit. When reading guides on how to read betting odds, it pays to learn about American odds. If it’s a bigger underdog in the range of +1000, you’re getting odds of 10/1 or $11 decimal currency. ![]() Betting underdogs is a different concept.īettors make $150 when betting $100 on the New York Knicks. It’s a straightforward concept, but it appears confusing at face value. Every bet placed with a favorite using American odds is to win $100. What do those numbers mean? Bettors need to invest $160 in the Golden State Warriors to make a $100 profit. American odds have been known to confuse even the most-seasoned bettors, so it can be tough to wrap your head around them.
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