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Final Takeaways for New Sports Bettors DraftKings In American odds, the favorite is represented by a negative number (e.g., -150), indicating the amount you would need to bet to win 0. On the other hand, the underdog is represented by a positive number (e.g., +200), indicating the amount you would win if you bet 0. Decimal odds represent the total payout, including the original stake, and fractional odds represent the ratio of the potential profit to the stake. Chasing losses: It's natural to want to recover losses quickly, but chasing losses can lead to even bigger losses. Avoid increasing your bets in an attempt to recoup previous losses. Stick to your strategy and trust the process..
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