The Basics of Sports Event Betting Odds

Usually in most sporting events, there is a competitor who is the favorite or that is favored to win, and the underdog who is favored to lose. The linemaker will draw up an odds line which the gambler can bet on the probability of a competitor’s win. This helps wagering more even across the board. The more likely the event will occur, the more the odds decrease. The less that it is likely to happen the greater the odds are. The possible amount of money you will receive is reflected in the odds.

American bookmakers prefer to use moneyline odds which why some people call them American odds. With this format, the odds are quoted using either a positive or a negative number. Negative numbers indicate favorites, while the odds will list the amount of money you must risk to garner one hundred dollars. The underdog will be represented by a postive number, while the odds will show you how much you’re going to win if you had wagered $100. When the odds are listed as EVEN, you’ll win exactly what you wager. A standard line, where the odds are -110 for both teams, indicates that neither team is favored to win.

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