![]() In the Broncos-Chiefs example, you would earn $3.70 for every $1 risked if the Broncos win. This means you will earn that amount for every $100 risked if the underdog wins the game. 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. The bookmakers’ moneyline implies a 64 chance of a victory for the Padres. San Diego has entered 11 games this season favored by -178 or more and is 6-5 in those contests. 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. This season, the Padres have been favored 30 times and won 14, or 46.7, of those games. When betting on a sporting event, there are a variety of wagers that a bettor can place on the game. In these instances, oddsmakers believe the matchup is a 50-50 coin flip. College Football Expert Picks & Predictions Sometimes you’ll see moneyline odds listed at +100.
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