I don't get this odd system, can somebody explain how this works.
Negative American Odds are representations of how much to wager in order to win $100.
For example, odds of -150 mean that in order to win $100, the wager must be $150.
Negative American Odds are used when winnings are less than stakes, which is normally the case of a favorite team.
Winning = Stake * 100/negative American Odds
Pay-out = Stake * (100/negative American Odds + 1)
= Winning + Stake
Positive American Odds are representations of how much the winnings will be when $100 are wagered.
For example, odds of +150 mean that $150 will be won, when $100 are wagered.
Positive American Odds are used when winnings are more than stakes, which is normally the case of a underdog team.
Winning = Stake * positive American Odds/100
Pay-out = Stake * (positive American Odds/100 + 1)
= Winning + Stake
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