If you are betting on the underdog, the team with a plus before their odds, then the formula is (stake/100)*odds.Īn example can be found in the image below where, in the MLB, the Baltimore Orioles take on the Washington Nationals. So you divide 100 by the odds on a selection and, whatever that number is should be multiplied by your stake.
To work out your return from US odds you need to use a one of two simple formulas: If you are betting on the favorite i.e., the team with a minus sign before the odds you use the formula (100/odds)*stake. If the odds are displayed with a minus sign, it indicates the amount you would need to bet in order to win $100. If the odds are displayed with a plus sign, you would win that amount if you placed a $100 bet.
They work around the number 100 and are displayed with either a plus (+) or minus (-) sign, followed by a number. American odds are a way of expressing the likelihood of an outcome in a sporting event or other form of gambling.
