In other words, this is the ratio of the amount (profit) won to the initial bet, which means that you will receive your stake ($1) in addition to the profit ($6), resulting in a total payout of $7.
In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
S.
e.
How American/Money Line Odds Work
The difference between the odds for the favorite and the underdog widens as the probability of winning for the favorite increases.
Let's understand this with the help of an example:
What Does It Mean When Odds Are Negative? Negative numbers (in American money line odds) are reserved for the favorite on the betting line and indicate how much you need to stake to win $100-you generally need to put down more to win $100 on the favorite.
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