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Understanding Odds: A Guide to Sports Betting

When it comes to sports betting, understanding the odds is crucial to making informed decisions. There are three main types of odds: American, Fractional, and Decimal. In this article, we'll focus on American odds, which can be a bit tricky to grasp.

In American odds, favorites are indicated by a minus sign (-) and show the amount a bettor needs to wager to win $100. For example, the Miami Dolphins are favored to win at -110 odds. If you place a successful $110 bet on them, you'll receive $100 in winnings plus your original $110 bet back, for a total payout of $210.

On the other hand, underdogs are indicated by a plus sign (+) and show the amount a bettor can win if they stake $100. For instance, the Buffalo Bills are the underdogs to win at +240 odds. If you place a $100 bet on them and they win, you'll receive $240 in winnings plus your original $100 bet back, for a total payout of $340.

By understanding American odds, you can make more informed decisions when placing bets. Whether you're backing a favorite or taking a risk on an underdog, knowing the odds can help you maximize your winnings. So, get started today and learn more about sports betting at OnlineGambling.com.