The match also highlights that the timing of a bet is crucial to its value. Backing a popular underdog early on will give you better odds than waiting until the day of the event. Our sports odds guide offers more info on point spread, fractional odds, and more if you want to boost your knowledge on sports betting. Moneylines are quite different from point spreads, and it’s important to understand the difference.
A moneyline, by comparison, adjusts the value of a winning bet to account for uneven games or teams. Moneyline bets are popular in all types of sports betting, so understanding them is a great way to get into some sports wagering action. At TopBet, we have you covered for all things betting, including the comprehensive breakdown of how to assess and lay a moneyline bet below. In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100.
If you bet $100 on the favored Cubs and they go on to win, odds of -105 means a return of $95.20. The moneyline is a little tighter on this one, with the Celtics favored over the Rockets. If you place a $100 bet on the underdog at odds of +120 and the Rockets go on to win, the return is $120. A winning $100 bet on the Celtics at -140 would bring back a profit of $71.40.
Here is moneyline, spread, and total points betting advice for the Illinois football vs Wisconsin game. Live betting, also referred to as in-game betting, allows you to bet in the middle of the action. The odds change alongside what’s happening in the game, which means they change pretty fast most of the time.
In the above example, Toronto is the underdog at +240, with Boston the favorite at -260. If you bet $100 on Toronto and they win the game, you win $240. More than a dozen states either currently offer online sports betting or have a launch of mobile sports betting products pending. Another huge player in the legal sports betting market, FanDuel Sportsbook offers mobile sports wagering in seven states. Along with DraftKings Sportsbook, FanDuel Sportsbooks stands as one of the top two mobile sports betting brands in the US. The “To Win” output yields the profit produced if the Rays win.
It is also equivalent to fractional odds of 1/2 and decimal odds of 1.5. When a money line is a positive number then the odds are the amount you would win if you were to bet $100 and were correct. For example, a money line of +200 would mean that you would make a profit of $200 if you bet $100 and were correct. That’s also equivalent to fractional odds of 2/1 and decimal odds of 3. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result. To further explain, consider two people make a bet on each side of a game without a bookmaker.