The odds of a bet determine the likeliness of the bet hitting and how much you could win based on how much you bet.
American Odds Explained
American Odds that start with “–” tell us that the bet is favored to win. Because of the higher likely outcome, the return on this wager would be less.
American Odds that start with “+” indicate an underdog bet. This outcome is not as likely, so this wager would pay out more if it were to win.
EXAMPLE: If a team has -120 odds to win a game, it means that team is slightly favored to win. You would have to bet $120 on that team to earn $100 in winnings.
Alternatively, if a team has +120 odds to win a game, they are slight underdogs. A wager of $100 on that team would earn you $120 in winnings.
Check out the table below for a few examples.
Just remember, “–” is a more likely bet that would pay out less, and “+” is a less likely bet that would pay out more. Odds of +100 is an even bet (50/50) that would pay out a return that matches the wager.