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1xbet USA (USD) Best betting guide 2024
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Understanding American Odds

American odds, also known as moneyline odds, are commonly used in the United States. They’re different from other odds formats like decimal or fractional. American odds are usually displayed with a plus (+) or minus (-) sign. These signs indicate the favorite and the underdog in a game.

The favorite is marked with a minus (-) sign, while the underdog gets a plus (+) sign.

Here’s a quick rundown:

• Favorite (-): The amount you need to bet to win $100.

• Underdog (+): The amount you win if you bet $100.

Positive (+) American Odds

Positive American odds represent the underdog in a game. Let’s say the odds for a team are +200. This means if you bet $100 on this team and they win, you’ll win $200. In other words, positive odds show the potential profit from a $100 bet. Negative (-) American Odds Negative American odds, on the other hand, represent the favorite.

For example, if a team has odds of -150, you need to bet $150 to win $100. So, negative odds show how much you need to bet to win $100. Calculating Potential Winnings with American Odds Calculating potential winnings with American odds is straightforward. For positive odds, the odds represent the amount you’d win from a $100 bet. For negative odds, they show how much you need to bet to win $100.

Example Bet on a Favorite

Let’s say you want to bet on a favorite team with odds of -150. This means you need to bet $150 to potentially win $100. So, if your bet is successful, your total return would be $250 (your $150 stake plus $100 winnings).

Example Bet on an Underdog

Now, let’s consider an underdog team with odds of +200. In this case, a $100 bet could win you $200. If the underdog team wins, you’d get a total return of $300 (your $100 stake plus $200 winnings). American Odds in Practice: Real-World Examples American odds are used in a variety of sports. For instance, in a football game, you might see the New England Patriots listed at -150 and the Miami Dolphins at +130.

This means the Patriots are the favorites to win, and the Dolphins are the underdogs.

Reading the Odds Quickly

With practice, you can learn to read American odds quickly. Just remember, negative odds for favorites show how much to bet to win $100, and positive odds for underdogs show potential winnings from a $100 bet.

Finding Value in American Odds

Finding value in American odds is all about understanding the risk and reward. For example, betting on an underdog with high positive odds might be risky, but it could also offer a high reward if they win. Converting American Odds to Other Formats American odds can be converted to other formats. This is useful if you’re more comfortable with decimal or fractional odds. Let’s look at how to convert American odds to these formats.

From American to Decimal

To convert American odds to decimal odds, you divide 100 by the American odds (if they’re negative) and add 1.

For positive American odds, you divide them by 100 and add 1.

From American to Fractional

Converting American odds to fractional odds is a bit more complex.

For negative American odds, you convert them to a fraction with 100 as the numerator and the absolute value of the odds as the denominator. For positive American odds, the odds themselves become the numerator with 100 as the denominator.

Tips and Strategies for Betting with American Odds Betting with American odds can be a bit tricky at first. But with a few tips and strategies, you can quickly become a pro.

Here are some tips to help you out:

• Always compare odds across different sportsbooks. This can help you find the best value.

• Understand the concept of value and implied probability. This can help you make smarter bets.

• Keep track of your bets and analyze your betting history. This can help you identify patterns and improve your betting strategy.

• Don’t be afraid to bet on underdogs. They often offer great value.