The numbers next to the minus (-) when you bet on a favorite shows how much you need to bet to win $100.įor example, the -110 bet above means if you bet $110, you would win $100 (and have your initial stake of $110 returned too). 110), while the underdog’s odds are displayed as a positive (e.g. The odds for the favorite will be displayed as a negative (e.g.
One team or player will be the favorite and the other the underdog. When betting on the moneyline, it’s important to understand how the odds are displayed. It’s easy to understand and you can even combine multiple selections into a “parlay” to win more. The moneyline is one of the most popular forms of online sports bets. Every legal US online sportsbook can now accept moneyline wagers after the laws were changed in 2018. In the Broncos-Chiefs example, you would earn $3.70 for every $1 risked if the Broncos win.Moneyline bets are wagers on a sports team or individual to win a game. This means you will earn that amount for every $100 risked if the underdog wins the game.
#Moneyline bet meaning plus#
In the Chiefs example above, you would win $1 for every $4.95 risked on Kansas City.īetting on the Underdog: The team that is the underdog in the game will have a plus sign (+) next to its odds. However, you don’t need to only bet in intervals of $100. How do Moneylines Work?Īs mentioned above, all moneyline bets will be formatted in American odds like the example from WynnBET Sportsbook.īetting on the Favorite: The team that is favored to win the game will have the minus (-) sign in front of its odds, meaning that you will need to risk that amount of money to win $100. For the Broncos side, a $100 bet would win you $370 since they are at plus odds (+370). In this instance, the Chiefs are set at minus odds (-495), meaning you would need to risk $495 to win $100 if the Chiefs win the game. Moneyline bets use American odds, which are centered around a bet of $100. Therefore, bettors would need to risk more money on the Chiefs in order to increase their payout. Kansas City is fighting for the top seed in its conference while the Broncos are going to miss the playoffs in the 2021 season. Here, the Kansas City Chiefs face the Denver Broncos and are a much superior team. Let’s look at a quick example of a game from Week 18 of the 2021 NFL season: However, with a moneyline, since you are only picking the team to win the game without a point spread involved, the odds will vary based on the strength of the two teams, or players involved. With a point spread, the spread is used to make the game “even” and it is usually accompanied by -110 American odds in football and basketball. The odds for the moneyline will be adjusted based on each team or player’s ability, which means there is much more variability in terms of how much you can win or lose than compared to a point spread. Here is everything you need to know about moneyline bets: Moneyline Bets Explained & MeaningĪ moneyline bet is simply when you pick the winner of a given sporting event. However, if you’re looking to pick the winner of a sporting event but aren’t sold on a team covering the point spread, then a moneyline bet is the perfect option for sports bettors. When betting on a sporting event, there are a variety of wagers that a bettor can place on the game.
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