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Page added on January 13, 2010
In virtually all sports events, one competitor is the favorite, or the team most likely to win, and the other is the underdog. In order to make wagering more even, the linesmaker draws up an odds line, or the odds, such that you can bet on the probability of a competitor’s win. Odds are lesser if the event is more likely to occur.
Honestly, if the likelihood of the event occurring is the lesser, then the odds will be greater. Your potential payout is determined by the odds.
Moneyline odds are also called American odds because they are favored by American bookmakers. In this way, odds will be quoted with either positive or negative figures. Negative numbers indicate favorites, while the odds will list the amount of money you must risk to garner one hundred dollars.
The odds reflect the amount of money you will get on a wager of 100 dollars, if the number is a positive number. EVEN odds mean that you’ll win exactly what you wager.
A standard betting line, one in which the odds for each team is -110, indicates that neither team is favored to win the game.
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