Sports betting odds and lines specify the implied probability of an outcome and how much money can be won. Odds can refer to moneyline, spread and total. The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout rather than the profit. In. With betting, odds are defined in terms of money and $ is usually the standard amount. If the odds have a minus, that means you have to wager that amount to.
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