 Hey everybody, Lisa Kearney here with Fandall and today we're going to take a look at betting odds. In almost every betting situation there's a favorite and an underdog. When it comes to odds the favorite is represented by a minus, the underdog is represented by a plus. Now betting odds tell us how likely it is that the favorite or the underdog will win, using a $100 bet as an example. Now that doesn't mean you have to bet $100, it's just the simplest way to explain it. So in this example our odds are minus $115 and plus $105. If you're betting on the favorite the minus number they're considered more likely to win, so you need to put down more than $100 to win $100. In this case you need to bet $115 to win $100, but if you're betting on the underdog the plus number they're considered less likely to win. So you can bet less money to win more money. In this case you bet $100 to win $105 and that's really all there is to it. So the next time you see your favorite team has minus $115 odds to win it won't look so odd.