American odds are primarily used by sites that cater to US sports bettors, also know as “moneyline odds” they are the odds most often used for moneyline betting for American sports bettors. American odds are probably the easiest to understand as odds represent how much the bettor will have to wager to win $100.
American gaming laws are heavily influenced by the history of gambling itself. Games of chance first came to the American colonies with the first settlers. Attitudes on gambling varied greatly from community to community, but there were no large-scale restrictions on the practice at the time. The software is frequently tested & audited. These providers have also developed American online casino games that are available on desktop and mobile. Realtime Gaming– Also known as RTG, is a well-known software provider that started back in the ’90s. This company powers many of our best online casinos for US players. American Casinos and Gambling in United States Our United States directory of gaming properties includes over 1500 casinos, horse tracks, dog tracks, resorts, and cruise ships. Below is a list of states which have gaming with the number of gaming properties in parenthesis. Click on a state name for a directory of casinos, horse tracks, etc.
Together, the PASPA, the Interstate Wire Act of 1961 (18 U.S.C. § 1084), the Travel Act of 1961 (18 U.S.C. § 1952), and the Illegal Gambling Business Act of 1970 (18 U.S.C. § 1955) prohibit sports betting between states that disallow sports betting. Our argument is that it's time for the American government to end its partnership with organized gambling interests and to embrace a fundamentally different and higher path to national prosperity. For an overview, you can read (and consider signing) An American Declaration on Government and Gambling.
Introduction
American Odds are simply one way to express odds. A pick em will be listed as “pk” or “pick” or “pick ’em” depending on your site. There are two basic types, favorites and underdogs
Favorites come with a – symbol attached. The higher the absolute value of the number, the better the chance the bet will win. So for example a -200 favorite has a better chance to win than a -120 favorite. 200 is greater than 120 so this is what we mean by absolute value, you ignore the – sign and take just the number when considering this.
Underdogs come with a + symbol attached. The higher the number, the larger the underdog. So a +200 underdog has a better chance to win than a +500 underdog.
Have a look at the betting markets at some of our highest-rated bookmakers to see how they price up games in American odds:
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What Do The Odds Mean?
American Odds always use a baseline value of $100. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount.
A -135 favorite means you must risk $135 to win $100 from the sports book. So you either lose $135 or win $100, or push.
A +350 underdog means you risk only $100, but you win $350. You either lose $100 or win $350, or push.
American Odds can easily be converted into other odds such as decimal or fraction, using our free online calculator. Most, if not all, sites also offer odds in those formats, by simply choosing your preferred format.
We can also convert American Odds into percentages. This is useful because it gives you a breakeven % that you need to achieve long-term to win when betting certain odds.
The most common odds are -110 so we will use that. The question to ask is “how often will we need to win, when betting at -110 odds, to break even?” The answer is “enough so that you turn 110 into 210 often enough to overcome the juice” but it is expressed in percentages. So we take our $110 risked, divided by the ultimate $210 payout if our ticket cashes, and come up with .5238 or 52.38%. This means you must win at least 52.38% of your bets at -110 to break even.
Another example will involve underdogs. Let’s say we have a +200 underdog. How often do they have to win for us to break even? We take a $100 risk and divide by the ultimate payout of $300 and get .3333, or 33.33%. So any +200 underdog that wins 34%+ of the time is a profitable bet.
American odds are attached to point spreads in most American sports such as the NFL and NBA. Here is an example from the NFL:
Atlanta +3 -115
Carolina -3 +110
The American odds will give the bookmaker influence over the point spread without changing the key number of 3. Odds worse than -110 as we discussed can hurt your breakeven percentage and should be taken into account even when betting spreads. On the other hand, underdog plus odds will help your bottom line.
Conclusion
American Odds are convenient and fast once you get accustomed to them. Just like any other format, it is all personal preference. It is also easy to convert American Odds to fractional or decimal odds and can easily be done using our online odds converter.
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As the premier national trade group for the U.S. casino industry, the American Gaming Association advocates for a favorable policy environment in which gaming can thrive. We do this by highlighting gaming’s positive economic and social impact with key stakeholders.
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As the premier national trade group for the U.S. casino industry, the American Gaming Association advocates for a favorable policy environment in which gaming can thrive. We do this by highlighting gaming’s positive economic and social impact with key stakeholders.
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