How to read bets, what do all those numbers mean?
American Odds: Centered around winning or wagering $100 on a given bet.
The odds for favorites will have a minus (-) sign in front, and indicate the money you need to risk to win $100.
So if you’re betting on the Yankees at -130, you need to risk $130 and will win $100 if New York wins the game (plus your original $130 back).
The odds for underdogs will have a plus (+) sign in front, and indicate the money you’ll win for every $100 risked.
So if you’re betting the Tigers at +120, you’ll risk $100 and will win $120 if Detroit wins the game (plus your original $100 back).
Of course, you don’t always want to bet $100. American odds can scale up or down based on your bet size.