American odds are based around $100, but how they relate to $100 varies depending on whether the bet is favored or not.
Plus odds tell you how much profit you will get on a $100 bet.
A $100 bet would win $280, in addition to the original $100 bet.Fractional odds
Multiplying a bet amount by the fraction, will show the profit.
Betting $10 with 7-4 odds would net $17.
Underdog bets will have the numerator bigger than the denominator, as in the examples above.
Decimal odds are shown as one number, which is the amount a winning bet would collect on a $1 bet.
Slingshot gives a percentage chance of an upset happening.
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Additionally, keep in mind that you don't necessarily have to bet on the tournament winner or on the moneyline.
Make the most out of live betting.
Closely monitor your account balance and make sure to keep track of your losses.
Remember that while upsets do happen, they are rare.
Can You Make Money Betting on the Favorite? Of course, you can make plenty of money by betting on the favorite.
Alternatively, you can take a swing and place a big wager on the favorite for an increased payout – but it does come with a higher risk.
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