{"id":1884,"date":"2020-11-24T13:12:11","date_gmt":"2020-11-24T13:12:11","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=1884"},"modified":"2020-11-24T13:30:22","modified_gmt":"2020-11-24T13:30:22","slug":"american-odds","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/american-odds\/","title":{"rendered":"How Do American Odds Work?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-857\" src=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2019\/07\/american-flag-400px-300x158.jpg\" alt=\"American Flag\" width=\"300\" height=\"158\" srcset=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2019\/07\/american-flag-400px-300x158.jpg 300w, https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2019\/07\/american-flag-400px.jpg 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Elsewhere on this site you can <a href=\"https:\/\/www.newbettingsites.co\/articles\/decimal-odds\/\">read about decimal odds<\/a>, which tend to be popular in Europe and the likes of Australasia and Canada. Americans, of course, like to do things slightly differently wherever possible, so they have their own odds system that you\u2019ll need to work out if you\u2019re planning on placing any bets in the US or with US-based betting companies.<\/p>\n<p>The key to understand American odds, which are also known as Moneyline Odds, is that you start with a base figure of 100 and then get either a positive or a negative from there. US odds are displayed at being &#8211; or +, with &#8211; being for the favourites and + being the symbol for the underdog. It seems confusing, but once you get your head around it it becomes much simpler.<\/p>\n<h2 id=\"moneyline\">Looking At The Moneyline<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1886\" src=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/american-odds-example.png\" alt=\"american odds example\" width=\"900\" height=\"441\" srcset=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/american-odds-example.png 900w, https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/american-odds-example-300x147.png 300w, https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/american-odds-example-768x376.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p>The best way to to think about American odds is that they\u2019re telling you how much money you would need to stake in order to win \u00a3100. -150, for example, would mean that you\u2019d need to bet \u00a3150 to win \u00a3100. +100, meanwhile, indicates how much you\u2019d win for every \u00a3100 bet. Let\u2019s say that we\u2019re looking at a baseball match between two sides with the following odds:<\/p>\n<ul>\n<li>Team A: +585<\/li>\n<li>Team B: -760<\/li>\n<\/ul>\n<p>In this instance, the bookies\u2019 odds of Team A winning are about 15%, with a \u00a3100 likely to return \u00a3585. This would give a total payout of \u00a3685 when you add in your \u00a3100 stake to your winnings. A bet on Team B, meanwhile, would need you to put \u00a3760 on in order to win just \u00a3100 in profit. That would mean a total payout of \u00a3860.<\/p>\n<p>As you\u2019ve no doubt figured out, the higher the number attached to a &#8211; symbol, the more chance that the team will win and the more you\u2019ll have to bet to make a profit of \u00a3100. Equally, the larger the symbol after the + is the less likely that team is to win and the more profit you\u2019ll get in return for your \u00a3100 stake. A -200 team has more chance of winning than a -120 side, say.<\/p>\n<p>On the flip side of that, a +200 side is considered to have more chance of winning than a +350 side, so you\u2019d stand to make more money with a bet on the latter of the two teams. It would have to win for you to turn a profit, of course, which a +350 team would have less chance of doing than a +200 side and both would have a worse chance than a team rated at -150.<\/p>\n<h2 id=\"working-out\">How To Think About American Odds<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1887\" src=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/100-number-300x264.png\" alt=\"100 number\" width=\"300\" height=\"264\" srcset=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/100-number-300x264.png 300w, https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/11\/100-number.png 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>The reality is that American odds are a more complex way of thinking about things than either fractional or decimal odds. It\u2019s why they\u2019re not really used anywhere outside of America. We need a way to think about them in order to get our head around the way in which they work, so the following is a good rule of thumb:<\/p>\n<p>You\u2019re using a baseline of \u00a3100. When betting on favourites, you\u2019re risking that amount to win \u00a3100. When betting on the underdog you\u2019re risking \u00a3100 to win that amount.<\/p>\n<p>In other words, with odds of -250 you\u2019re risking \u00a3250 for the purpose of winning \u00a3100. With odds of +250 you\u2019re risking \u00a3100 to win \u00a3250. As with fractional odds, you then have to add your stake money onto the projected winnings in order to figure out the total amount of money that you\u2019d get back if your bet was a winner.<\/p>\n<h2 id=\"format\">Make Things Easy On Yourself<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1598\" src=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/08\/odds-trading-300x241.jpg\" alt=\"odds trading\" width=\"300\" height=\"241\" srcset=\"https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/08\/odds-trading-300x241.jpg 300w, https:\/\/www.newbettingsites.co\/wp-content\/uploads\/2020\/08\/odds-trading.jpg 399w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Most bookmakers will give you the option of which odds format you want your bets to be displayed in, so if you\u2019ve grown up using fractional or decimal odds then see if one of them is an option rather than sitting at home and fretting about working out American odds. Equally, if you tend to bet with small amounts and \u00a3100 seems overwhelming to you, shift the Moneyline down.<\/p>\n<p>Let\u2019s say that you tend to bet in multiples of \u00a310. If that\u2019s the case, it\u2019s really easy to shift the Moneyline odds to be more more in line with the sort of bets that you\u2019d like to place by simply removing a zero from the end. Say you\u2019re looking at Team A versus Team B in the baseball and the Moneyline odds are +230 and -120. What do you do? Remove the zero.<\/p>\n<p>This changes the bet to make +23 and -12, meaning that a \u00a310 bet would give you \u00a323 back or you\u2019d need to bet \u00a312 in order to win \u00a310. Don\u2019t stress yourself out trying to think in terms of \u00a3100s if that\u2019s not the amount of money that you\u2019d normally bet. You also want to avoid opting for bets like handicaps if you\u2019re not all that comfortable thinking in Moneyline terms.<\/p>\n<h2 id=\"compare\">Comparing Odds<\/h2>\n<div class=\"scrollx\">\n<table class=\"paymentmethods\">\n<tbody>\n<tr>\n<th>American Odds<\/th>\n<th>Fractional Odds<\/th>\n<th>Decimal Odds<\/th>\n<\/tr>\n<tr>\n<td>-200<\/td>\n<td>1\/2<\/td>\n<td>1.50<\/td>\n<\/tr>\n<tr>\n<td>-150<\/td>\n<td>67\/100<\/td>\n<td>1.67<\/td>\n<\/tr>\n<tr>\n<td>-110<\/td>\n<td>91\/100<\/td>\n<td>1.91<\/td>\n<\/tr>\n<tr>\n<td>-100<\/td>\n<td>1\/1<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>100<\/td>\n<td>1\/1<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>150<\/td>\n<td>3\/2<\/td>\n<td>2.50<\/td>\n<\/tr>\n<tr>\n<td>200<\/td>\n<td>2\/1<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>250<\/td>\n<td>5\/2<\/td>\n<td>3.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Now let\u2019s have a quick look at American odds when compared to both decimal and fractional equivalents. -100 and +100 are both the equivalent of Evens or 2.00, given than a \u00a3100 bet would see you win \u00a3100 on any of them. That\u2019s the starting point for understand how it all works. The table above shows some some popular bets.<\/p>\n<p>You can quickly see why American odds, or Moneyline odds, might not be for everyone. They are more complex when you first encounter them and require you to spend more time trying to figure out the various amounts of money that you\u2019d have to stake in order to win the money that you want to win. That being said, once you\u2019ve got your head around them they can be easier to understand.<\/p>\n<p>Ultimately the sort of odds that you want to bet with will be a matter of personal preference. You\u2019ll need to figure out for yourself which ones work and try to bet using those odds wherever possible. If you need to do some calculations then you at least know that you can come back to this page and do exactly that, following the guidance above.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elsewhere on this site you can read about decimal odds, which tend to be popular in Europe and the likes of Australasia and Canada. Americans, of course, like to do things slightly differently wherever possible, so they have their own odds system that you\u2019ll need to work out if you\u2019re planning on placing any bets&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":468,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Do American Odds Work? - NewBettingSites.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newbettingsites.co\/articles\/american-odds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Do American Odds Work? - NewBettingSites.co\" \/>\n<meta property=\"og:description\" content=\"Elsewhere on this site you can read about decimal odds, which tend to be popular in Europe and the likes of Australasia and Canada. 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