American sports bettors typically use what are known as 'moneyline' odds when wagering on NFL games. Moneyline odds are simply a representation of how much you need to bet in order to win $100. However, these odds can be expressed using different formats, including decimal odds. Decimal odds are becoming increasingly popular with sports bettors, as they provide a more straightforward way to calculate potential payouts. To convert moneyline odds to decimal odds, simply divide the odds by 100 and add 1. For example, if the New England Patriots are listed at +250 on the moneyline, their decimal odds would be 3.50 (250/100 + 1). This means that for every $1 you bet on the Patriots, you would stand to win $3.50 if they were to win the game. While decimal odds may take some time to get used to, they can be a helpful tool for evaluating betting lines and calculating potential payouts.
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