Here’s another example based on a +200 underdog. You either lose $100, win $350, or your wager is a push. A +350 underdog means you risk only $100, but you win $350.You either lose $135, win $100, or your wager is a push. A -135 favorite means you must risk $135 to win $100 from the sportsbook.For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. What Do the Odds Mean?Īmerican odds always use a baseline value of $100. So a +200 underdog has a better chance to win than a +500 underdog.Ĭheck out the betting markets at our highest-rated bookmakers to see how they price up games in American odds.

The higher the number, the larger the underdog. Underdogs come with a ‘+’ symbol attached. 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. For example, a -200 favorite has a better chance to win than a -120 favorite.

The higher the absolute value of the number, the better the chance the bet will win. There are two basic types: favorites and underdogs.įavorites come with a ‘–’ symbol attached. A pick ’em is listed as “pk” or “pick” or “pick ’em”, depending on the sportsbook’s preference. American odds are simply one way to express odds.

What does pk mean in football gambling