Just what does a negative playing line mean?

Moneyline Betting Explained

However, in most cases, the favorite will have a ” – ” in front of its moneyline odds while the underdog will always have a ” + .” Check out the earlier parts of this guide to see the different formats of betting odds explained and learn how to estimate your potential winnings. American betting odds display with a plus or minus sign followed by a number. Negative numbers indicate the favorite, while positive numbers indicate the underdog. Learning how to read odds is the foundation of developing a successful sports betting strategy.

Deducting $100 from this return gives the bettor the net profit earned. For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker. It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e., 3.25 times) put at stake for Houston to win, which is a bit less probable.

With all of the tools on the internet to make these calculations for you I wouldn’t expect you to make these calculations every time you place a bet. The goal of this article was to teach you how to understand odds and what they are telling you as a bettor. The calculations above will help you identify value and how to determine market sentiment, but to make use of these numbers you have to apply your own numbers to games. By this I mean you need to determine the probability of a bet winning. Often when you can find a bet at better odds than the Pinny no-vig line the bet will be +EV.

However, if a sportsbook is too good at its job and the game ends exactly as expected, then there’s a problem, because now there’s a tie. One last thing to remember before beginning to calculate the payout is your initial stake. The listed payout is only your profit on the bet, so you’ll get your money back with your winnings, too. In this example, the Packers are favored to win the game by 9.5 points. So, in order for a bet on Green Bay to pay off, the team must beat the Bears by 10 points or more.

The US-Bookies team is passionate about the developing sports betting industry in America. Follow us for news, sportsbook offers, market updates, and product reviews. The method of determining probability from U.S. odds format differs, dependent on whether that number is positive or negative.

A sports betting company may decide to set the odds at +170 for Barcelona and -190 for Real Madrid to win. As you can see, betting on the favorite requires a much larger bet for a smaller win. It makes perfect sense since the underdog is not expected to win. The Arizona Diamondbacks are the underdog, and a wager of $100 will produce a profit of $140, for a total payout of $240. PRO•LINE at retail and PROLINE+ are two separate and distinct games, each with different odds, limits and methods of play. The retail PRO•LINE odds are set by considering a variety of factors and industry odds available at the time the event list is created.