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A minus symbol in betting odds tells you that you need to wager that much in order to win a $100 profit. A $100 bet at -110 would earn you a $91, while a $10 bet at -110 would earn you $9.10.
Decimal odds represent the amount a bettor wins for every $1 wagered. And the number represents the total return, not just the profit like American and fractional odds. The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds.
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Decimal odds represent the amount that is won for every $1 that is wagered. For instance, if the odds are 3.00 that a certain horse wins, the payout is $300 for every $100 wagered.
You would type -110 in the American Odds section to see how much you’d win based on the amount wagered. If you believe the combined score for both teams will be 105 points or more, you would bet the OVER. If you think the combined score for both teams will be 104 points or less, you would bet the UNDER.
Understanding betting odds is critical to becoming a successful sports bettor or at least giving yourself a better chance at winning pick’em pools and other contests. Odds Shark shows you how the betting line is set, who sets the line, and Why Lines Move during the week.
Get the latest odds, spreads and betting lines from this week's games, as well as full coverage of the National Football League from USA TODAY