US sportsbooks display all types of bets in the moneyline odds format by default, but there is also a specific type of bet called the moneyline. However, online sportsbooks provide handy bet slips integrated into the software that allows users to input various bet sizes to instantly view how much they stand to win with any particular wager. These examples make use of convenient bet sizes for simplicity, but newer bettors may find it difficult to tell how much they stand to win or lose for random bet sizes at various odds. Sportsbooks adjust the odds in this manner to make both sides of any bet look attractive despite perceived differences in the quality of each team. Betting on the favorite required a $120 bet for a chance at profiting $100.īy contrast, betting on the underdog required a smaller outlay of just $100 for a chance at profiting $120. When comparing these two examples, the key thing to note is that betting on the favored team required a larger upfront outlay. In this example, a winning bet of $100 would also return a total payout of $220 (the original $100 wager plus $120 in profit). A $100 wager will yield $120 in winnings.The underdog’s odds in a matchup are displayed with a positive sign (+) and indicate how much the bettor stands to win per $100 wagered. The odds also show bettors at a glance which team is the favorite (more likely to win) and which is the underdog (more likely to lose). Whatever the format, sports betting odds tell bettors how much they stand to win on a bet relative to the size of their wager. Example: 10/11 indicates bettors must wager $110 for every $100 in potential winnings. Fractional Odds: Used at some international betting sites, using fractional notations.Example: 1.91 indicates bettors must wager $110 for every $100 in potential winnings. Decimal Odds: The default at most international betting sites, using decimal notations.Example: -110 indicates bettors must wager $110 for every $100 in potential winnings. American Odds: The default at all US sports betting sites, using three-digit numbers.That’s three different odds formats that most bettors should be aware of:

Sportsbooks in other parts of the world display the odds in one of two alternative formats, which US bettors may see occasionally when researching odds and strategies, particularly for sports like soccer and cricket. US sportsbooks display odds and sports betting lines in the American format by default, which most fans will recognize as the positive and negative three-digit numbers that describe favorites and underdogs (see the dropdown explainers below).

Online betting odds comparison