![]() Here’s another example based on a +200 underdog. You either lose $100, win $350, or your wager is a push. ![]() A +350 underdog means you risk only $100, but you win $350.You either lose $135, win $100, or your wager is a push. A -135 favorite means you must risk $135 to win $100 from the sportsbook.For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. What Do the Odds Mean?Īmerican odds always use a baseline value of $100. So a +200 underdog has a better chance to win than a +500 underdog.Ĭheck out the betting markets at our highest-rated bookmakers to see how they price up games in American odds. The higher the number, the larger the underdog. Underdogs come with a ‘+’ symbol attached. ![]() 200 is greater than 120, so this is what we mean by absolute value – you ignore the ‘–’ sign and take just the number when considering this. For example, a -200 favorite has a better chance to win than a -120 favorite. The higher the absolute value of the number, the better the chance the bet will win. There are two basic types: favorites and underdogs.įavorites come with a ‘–’ symbol attached. A pick ’em is listed as “pk” or “pick” or “pick ’em”, depending on the sportsbook’s preference. American odds are simply one way to express odds.
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