How to Calculate Odds and Payoffs By Jeff Gordon The primary forms of sports wagering involve either the final scoring differential of a game or the odds of a team or individual achieving something. When you lose a bet, you lose the money you risked. When you win, you get your stake back plus earnings often defined by the “moneyline” on the event. When a bet results in a “push” with neither the bettor or bookmaker winning you get your stake back minus the commission (or “vigorish”) the bookmaker collects. Never bet more than you can afford to lose. Be aware than sports gambling can become addictive.
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