![]() As action comes in and any newsworthy developments happen, the sportsbook might shift the odds. Negative odds: When the odds are negative, the number equals how much you have to bet to get back $100 on a winning wager, such as $110 at -110.If you place a $100 bet at odds of +120 and that team goes on to win the game, your profit would be $120. Positive odds: For positive odds, the number indicates how much you’ll get back on a $100 wager.Sportsbooks will display the potential return on your wagers before you click submit, but you can also easily ballpark it based on the odds. Here is another example using a game between the Green Bay Packers and the Pittsburgh Steelers. If your selection loses, then the bet itself is a loser as well. To win a moneyline bet, the side that you choose has to come out on top. The range between the numbers on both sides can help you quickly determine which games the sportsbook expects to be close or potential mismatches. Let’s take a look at an example using the moneyline odds for Super Bowl 57. For games that fall into this category, oddsmakers have deemed the game to be a toss-up, meaning that both teams have an equal chance of winning in the eyes of the sportsbook. In rare cases, the odds will be equal on both sides, as in -110 for both teams. Positive odds, such as +130, indicate underdogs.Negative odds, such as -150, indicate favorites.When you view the betting lines for a slate of games, you can easily spot the favorite or underdog in a matchup by remembering the following: There are no spreads to worry about, just straight winners and losers. And over the course of hundreds or thousands of sports wagers, small differences like this can add up in a big way.When betting on the moneyline, the goal is to simply pick the winner of the game. As a result, it would be a no-brainer to bet at sportsbook number three if a bettor deemed that team worth betting on in that game. In this example, the third sportsbook allows bettors to risk less money than the other two bookmakers, with a higher potential win amount on the same bet. In this scenario, bettors would have to risk $125 to win $100 at the first sportsbook, $105 to win $100 at the second, and $100 to win $105 at the third sportsbook. One sportsbook is offering -125 odds on that team to win, one is offering the team at -105, and the other is offering it at +105. This can be the key to profitable sports betting if done effectively.Īs an example of how impactful line shopping can be, let’s say that three sportsbooks are all offering moneyline betting on a team to win an upcoming game in the NFL. Line shopping is the act of comparing the betting odds for a game across multiple sportsbooks, with the goal of finding the most favorable odds possible. Line shopping is one of the most underrated skills that a sports bettor can develop, and it may be most valuable in the moneyline market. It is up to bettors to balance the risk and reward when betting on this market more than any other. But a $100 bet on the +150 underdog would yield a payout of $150, while a $100 bet on the +500 side would produce a profit of $500. For example, a +150 underdog is considered more likely to win a matchup than a +500 underdog. When backing underdogs, things work a little differently, as there is a higher risk to backing bigger underdogs but a higher reward as well. While the -1000 favorite is considered much more likely to win than the side at -120, the amount of risk needed to back the heavier favorite is considerably higher. At -1000 odds, backing the favorite would require a bet of $1,000 to turn a $100 profit, while a bet of just $120 would be needed to win $100 on the other favorite at -120. In moneyline betting, the amount you are willing to risk and the odds for the selection you are making combine to determine how much you can win on each bet.įor example, there may be two games where the favorites are at prices of -1000 and -120, respectively. This is a huge departure from point spread and totals betting, where the odds are largely similar, and payouts are largely similar as a result. The amount that can be won when betting on the moneyline can vary greatly depending on the odds on each team to win.
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