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Some formats of betting odds are different by country or by sport, and it's important to have those betting odds explained so the best way to maximize money is understood.
For American odds, which are the default options at United States sportsbooks according to Action Network, there's a "+" or "-" symbol in front of a three-digit number.
40), that determines the amount that you wager is multiplied by to determine the winnings.
With bets, they can be placed on either the favorite, known as the team projected to win, or the underdog, which is the team that's predicted to lose.
How do bookmakers create odds?
For American odds, since outcomes are calculated based on a $100 bet.
If the Giants were underdogs against the Eagles, with the line +120, that 120 would be multiplied by 24 and divided by 100 - giving a payout of $28.
And for fractional odds, those winnings are calculated by taking the wagered amount and multiplying it by the fraction.
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