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Conventionally, gambling odds are expressed in the form "X to Y", where X and Y are numbers, and it is implied that the odds are odds against the event on which the gambler is considering wagering. In both gambling and statistics, the 'odds' are a numerical expression of the likelihood of some possible event.

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American sports betting odds work differently for favorites and underdogs, and are sometimes known as Moneyline Odds. American odds for betting on a favorite work by showing how much money you would have to risk in order to win $100. Let’s illustrate that concept with some football odds… Example: The Miami Dolphins are -110 to win Sunday’s game

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