In almost all sporting events there is always a favorite competitor or a team which will likely win and the other is considered the underdog. In order to even out the wagers, the linesmaker draws up an odds line, commonly referred to as “the odds”. The odds line is created such that a bettor can bet on the probability of a competitor’s win. The greater the likelihood of the event occurring, the lesser the odds. Conversely, the lesser the likelihood of the event occurring, the greater the odds. As expected, the odds determine your potential payout.

Moneyline odds are also called American odds because they are favored by American bookmakers. With this format, the odds are quoted using either a positive or a negative number. The favorite is represented by a negative number, and the odds represent the cash you’re going to gamble so you can win $100. Positive numbers indicate who is the underdog, and odds indicate just how much cash you will win when you bet $100. When odds are denoted as being even, you could walk away with the exact amount that is wagered. A standard line is when the odds are -110 for the teams will indicate that neither of the teams are favored to win.
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