When you see -150, +230, or any other three-digit number with a minus sign or plus sign in front of it, you’re dealing with American betting odds. You may hear bettors refer to this amount as “ the juice” or “ cut” or “ vig(orish).” American Odds Explained Odds also reveal how much the book is charging to take your bet. Your sportsbook may manipulate the odds to incentivize bets on a certain side, and the sum of the probabilities for a single event will always surpass 100 percent because the sportsbook takes a cut that is baked directly into the odds.