If one of the teams has a negative odd and the opposition team has a positive odd, the negative one is the favorite while the positive one is the underdog.ĭecimal Odds: Decimal odds are mostly used outside of the United Kingdom, United States, and Ireland. You would get your stake returned if your bet wins so that your return is $220.

For example, an American odds of -120 means that you must wager $120 to earn a $100 profit. Negative odds(-): It indicates the amount you would need to wager to get a $100 profit. You would also get your stake returned for a successful bet, so your return would be $220. For example, an American odds of +120 would win $120 on a successful $100 bet. Positive odds (+): It states the amounts of profit you would earn from a $100 bet if your wager is successful.

The American odds usually start with a plus(+) or a minus(-). The American odds are also identified as Moneyline odds. The sportsbooks in Asia may also quote Hong Kong, Indonesian, and Marlay odds. A betting odds calculator can calculate these formats. The three most important betting odds formats are American, decimal, and fractional odds.

3 team parlay 6 point teaser payout