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With Team A, they’ll have to win by 7 or more points for you to win your bet and Team B will need to win or lose by less than 7 for you to win your bet. If Team A doesn’t win by 7 and Team B either doesn’t win or loses by more than 7, then you won’t make anything.

It’s easy to understand but has the chance of starting to get confusing when you start getting into bets with much bigger amounts. The way that odds are calculated will depend on the type of bet being placed. There are three main types of bets, which are moneyline, decimal odds, and fractional odds. Moneyline odds are the plus and minus bets that we talked about earlier, so we’re going to focus on decimal and fractional odds in this section. A moneyline bet is when you bet on only one team to win. Let’s say the two teams are the Browns(+150) and the Steelers(-110). The +150 means you’ll win $150 if you place a $100 bet and the Browns win.

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An Example of How Betting Lines Work

These numbers represent the amount you could win against each $1 you put at stake. So, if you bet $100 on Donald Trump to be reelected as president, you could receive a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, resulting in a net profit of $300.

How Do You Understand Odds in Sports Betting With American Odds?

Next, simply choose the sport you want to bet on and go to that page. You’ll then see all of the lines and games for the upcoming days. The next thing you’ll do is decide whether you want to bet on the favorite or the underdog. From there, decide how much you want to bet and place it.

Betting odds are what tell you the odds of a certain team winning or certain things happening. As you can see, there is a 17.1% chance that Player A wins. You might also see odds displayed as something like 6/4 where the first number is bigger.