There are many different bet types that sportsbooks offer. Different Types Of Sports Betting Markets Also, it’s worth noting that odds can also be even money or +100, which means you are betting $100 to win $100. However, this is not always the case, as multiway markets may plus odds outcomes. Typically, the favorite is signified by the (-) or negative side, and the (+) or positive sign is the underdog. However, when you see a number with a + sign, then it’s the amount you will win by placing a $100 wager. The best way to think about moneyline or American odds is that when you see a negative number like -150 or -120, is that you need to wager that amount to win $100. That’s how it works when there is a (-) or negative sign attached to the odds, but what about a plus sign? Well, a plus sign signifies an amount you will win based on a $100 stake, rather than the amount you need to bet to win a $100 stake. If the bet loses, then you lose your $110 and gain no profits. If you win your bet, your stake of $110 is returned to you, along with $100 in profits. This means when an odds market has -110 in moneyline odds, you need to wager $110 to win $100. This is also called the juice or the vigorish. The standard betting fee on sports betting is -110 or 10 percent. The simplest way to understand moneyline odds to use a $100 wager.
