In American odds, +150 means a $100 bet wins $150 in profit. Get your stake back too and you collect $250 total.
Here's how the plus and minus signs work:
Turning odds into a probability. Odds also tell you how likely the book thinks something is (before its margin):
Decimal odds, which some apps let you switch to, include your stake. +150 is 2.50 in decimal: $100 × 2.50 = $250 back.
Once this clicks, the odds board gets a lot easier to read. What confused you most when you started reading American odds? And do you keep your app on American or decimal?
21+. Gambling problem? Call 1-800-MY-RESET.
Here's how the plus and minus signs work:
- Plus (+) odds = the underdog. The number is how much profit you make on a $100 bet.
- Minus (-) odds = the favorite. The number is how much you have to bet to win $100 profit.
| Bet | Odds | Profit if it wins | Total returned |
|---|---|---|---|
| $100 | +150 | $150 | $250 |
| $20 | +150 | $30 | $50 |
| $150 | -150 | $100 | $250 |
| $110 | -110 | $100 | $210 |
- Plus odds: 100 ÷ (odds + 100). For +150: 100 ÷ 250 = 40%
- Minus odds: odds ÷ (odds + 100). For -150: 150 ÷ 250 = 60%
Decimal odds, which some apps let you switch to, include your stake. +150 is 2.50 in decimal: $100 × 2.50 = $250 back.
Once this clicks, the odds board gets a lot easier to read. What confused you most when you started reading American odds? And do you keep your app on American or decimal?
21+. Gambling problem? Call 1-800-MY-RESET.