9 Sept 2023 — Sports betting odds serve as the numerical representation of a team or player's chances of winning or losing a game, match or event.. An easy way to remember: The number attached to the “+” symbol reflects how much you would win for every $100 wagered. So a $100 bet would win .... To understand how odds work, you must know how to tell the underdog from the favorite based on the sign.

The favored team will always have a minus sign in front .... When the odds are a positive number (ex: +191) take 100 / (100 + odds).

This gives us an implied percentage of the team winning the game. (ex: ....

Betting odds are the ratio between the amount staked by the bookies and the bettor, so 7/1 means the bookies stake seven times the amount the bettor has wagered ....