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A $10 bet on +120 odds would pay out $12 in profits. Examples: Below is an example of NFL betting odds taken from an online betting site. In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet. View 20 photos for 1400 Beth Ln, Round Rock, TX 78664 a bed, 2 bath, 1,881 Sq. Single family home built in 1984 that sold on. Sports betting could have 1,400 locations in Montana. Up to 1,400 locations around the state could be eligible to offer sports wagering under a new rule proposed by the Montana Lottery. House Speaker Nancy Pelosi (pictured) is optimistic about getting new, $1,400 stimulus checks out very soon, with more progress expected this week. Or institutions playing it to bet on the. Take a look at the Win Bet Payout Table below to find out the minimum win bet payouts depending on the post time odds of a horse. The Win Bet Payout Table will show you the minimum payout for a $2, $5 and $10 win bet, the decimal and fractional odds along with the post time odds ranging from from a 1/9 heavy favorite all the way to a 99/1 longshot.

Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.

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Sports Betting Odds Explained

Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.

American Style Sports Betting Odds

Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:

American Odds

  • Matchup Odds
  • New England Patriots +120
  • Pittsburgh Steelers -140

The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.

The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.

The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.

A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.

Examples:

A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.

Examples:

Below is an example of NFL betting odds taken from an online betting site.


In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).

The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.

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Decimal Style Sports Betting Odds

Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:

If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.

If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.

Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.

Let the Madness begin, March Madness 2021 is almost here! A field of 68 NCAA men’s college basketball teams will battle it out throughout March and into April to declare which team is the best in the nation. Along the way, we’ll have all of the 2021 March Madness odds, picks and predictions you’re looking for and more college basketball sports betting coverage than you’ll know to do with.

The early National Champion favorites include Gonzaga (+300), Baylor (+300) and Michigan (+700) per the oddsmakers at BetMGM Sportsbook.

Selection Sunday is scheduled for 6 p.m. ET March 14, 2021 with the First Four games beginning 4 p.m. ET Thursday, March 18. The First Round of March Madness takes place Friday, March 19, and Saturday, March 20. The Final Four is scheduled for April 3 and 5. The National Championship game is scheduled for April 5, 2021.

March Madness National Championship Odds

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March Madness odds via BetMGM Sportsbook, last updated Feb. 25, 2021. Place your legal, online bets in CO, IA, IN, MI, NJ, PA, TN, VA and WV at BetMGM. New customer offer: Risk-free first bet! Terms and conditions apply. Bet now!

SchoolTournament Winner Odds
Gonzaga+300
Baylor+300
Michigan+700
Villanova+1100
Wisconsin+1300
Ohio State+1400
Houston+1400
Texas+1400
Florida State+1600
Alabama+1600
Texas Tech+1600
Creighton+1800
Iowa+1800
Virginia+2000
Tennessee+2000
Illinois+2000
West Virginia+2500
USC+2500
Missouri+3000
Louisville+3500
UCLA+3500
Indiana+3500
Oklahoma+4000
Xavier+4000
Loyola-Chicago+4000
Kansas+5000
San Diego State+5000
Oregon+5000
Florida+5000
North Carolina+5000
LSU+5000
Stanford+5000
UCONN+5000
Marquette+5000
Virginia Tech+5000
SMU+5000
Colorado+5000
Saint Louis+5000
Rutgers+5000
Seton Hall+5000
Michigan State+6600
Arizona State+6600
Purdue+6600
Minnesota+6600
Utah State+6600
Arkansas+6600
Duke+8000
Kentucky+8000
Syracuse+8000
BYU+8000
Memphis+8000
Clemson+8000
Boise State+8000
Drake+8000
Miami (Fla.)+8000
Maryland+10000
Butler+10000
Dayton+10000
Mississippi State+10000
Penn State+10000
Richmond+10000
South Carolina+10000
Saint Mary’s+10000
Georgia Tech+10000
Wichita State+10000
Pittsburgh+10000
Rhode Island+10000
Ole Miss+10000
UNLV+10000
VCU+10000
North Western+10000
Providence+12500
NC State+15000
Notre Dame+15000
TCU+15000
Temple+15000
UCF+15000
Nevada+15000
Belmont+15000
Western Kentucky+15000
Northern Iowa+20000
Cincinnati+20000
Utah+20000
Iowa State+20000
Georgetown+20000
Nebraska+20000
Texas A&M+25000
St. John’s+25000
Davidson+25000
Georgia+25000
DePaul+25000
Colorado State+25000
Oregon State+30000
Tulsa+30000
Tennessee Tech+50000
Washington+50000
California+50000
Kansas State+50000
St. Bonaventure+50000
Liberty+50000
Vanderbilt+50000
San Francisco+50000

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