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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. Odds are lesser if the event is more likely to occur. Odds are greater if the likelihood of the event occurring is lesser. Your potential payout is determined by the odds.

Moneyline odds are favored by American bookmakers and, therefore, are often referred to as American odds. In this way, odds will be quoted with either positive or negative figures. Negative numbers indicate favorites, while the odds will list the amount of money you must risk to garner one hundred dollars. The odds reflect the amount of money you will get on a wager of 100 dollars, if the number is a positive number. You will receive your wager if the odds are even. When the odds are -110, which is called a standard line, that will show you that neither team is favored to win.
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