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For example, a $100 bet on a +180 underdog will pay out $280 ($180 in winnings plus original $100 wager). DraftKings Sportsbook is available in Michigan through the DraftKings Sportsbook app and DraftKings Sportsbook website and offers dozens of American and international sports for users to bet on. There are also many different bet types that are unique to DraftKings such as live, in-game betting, Sportsbook Pools and Teasers+. Loughy goes over a beginners tutorial of how to bet on DraftKings sportsbook, also known as DK sportsbook. He explains the different features on this sportsb...In the United States, odds are based on a bet or payout of $100. Odds are represented by a (+) or (-). The ( + ) represents the underdog and means a winning bet of $100 will return that amount. 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