Money Line Betting
Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)].
They tend to be high-risk, high-reward ventures because it is necessary to win every single part of the parlay (known as “legs”) to win the entire bet. First and foremost, understand that your bet did not just get any worse or better. Whatever odds you have on your betslip are the odds at which the game will play for you, regardless of where the line moves. By now, you’ve likely noticed that there are plus and minus signs next to various odds displays. They are always present in spread bets, moneylines, and most other options in American sportsbooks. However, if you saw a team or player listed as, say, 2 / 5, then the team or player is the favorite to win.
Quite simply, it is difficult to forecast into the future with any great certainty. Even the favorites to win it all are still underdogs against the field. One thing to bear in mind about moneylines is that point spreads for the same match can reveal further information about the rationale behind where the line is. In this case, DraftKings has set McNeese State as a mere 0.5-point favorite, so the game really could go in either direction. Bear in mind that a payout is simply the profit you can expect to realize on the bet.
They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread. The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread.
If the number is positive , simply divide the number after the plus sign by 100. Then, place a 1 under the number, and you have the fractional equivalent. Conversely, if the denominator exceeds the numerator, then the team is the favorite. In our example above, all four teams are underdogs against the field for winning the World Series. Fractional odds are probably the most common format that most people have seen for odds.
This guide will teach you how to read odds for moneyline, total and spread bets. We will be looking at American, decimal, and fractional odds, which are three different ways of writing the same odds. Understand that negative odds indicate how much money your must spend to make $100. When betting on the favorite, you take less risk, and thus earn less. When betting on a favorite, the moneyline is the amount of money you need to spend to make $100 profit. In the previous example, in order to make $100 of profit betting for the Cowboys, you would need to spend $135.