Understanding Betting Odds

Betting odds represent the probability of an outcome and determine your potential payout.

American Odds

American odds are displayed as positive (+) or negative (-) numbers:

• Negative odds (-150): The amount you need to bet to win $100
• Positive odds (+150): The amount you win on a $100 bet

Example

• -150: Bet $150 to win $100 (total return $250)
• +150: Bet $100 to win $150 (total return $250)

Converting to Probability

To convert American odds to implied probability:

Negative odds: Probability = |Odds| / (|Odds| + 100) Positive odds: Probability = 100 / (Odds + 100)

Why Shop for the Best Odds?

Even small differences in odds can significantly impact your long-term profits. A difference of 10 points on a -110 line could mean thousands of dollars over a season of betting.

That's why LineMonkeys exists - to help you always find the best odds across all major sportsbooks.