You can explore this concept further by using the BetMGM bonus code to try it out. It might be easier to think in terms of dollars instead of $100's, so for every $1.30 risked on the Yankees in this game, you'd win $1, and for every $1 risked on the Red Sox, you'd win $1.20. So if you're betting the Red Sox at +120, you'll risk $100 and will win $120 if Boston wins the game (plus your original $100 back).
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). If You're Betting a Favorite: The odds for favorites will have a minus (-) sign in front, and indicate the money you need to risk to win $100.It scales up and down depending on your bet amount. MoneylinesĪmerican odds are centered around winning or wagering $100 on a given bet, though you don't need to actually wager $100.
Betting Odds, Explained Table of ContentsĢ.
