Depending on the timing of placing the bet, the bettor can also have an advantage or a disadvantage depending on which way the spread has shifted. In this example, the negative number indicates the favorite, while the positive number indicates the underdog. For your bet to be successful, the 76ers need to win by at least 2 points. If not, the gamblers who bet the point spread on the Spurs would win. The plus and minus sign are predictive of which team is more likely to win the game, straight-up. Of course, when the point spread is taken into account, the favorite and the underdog will each have close to a 50% chance of covering the spread.

What Is A Trixie Bet?

This half-point move is significant since the spread is now off the key number of three. We always encourage bettors to shop for the best line, meaning Eagles backers should find a book topuniversitiesrank.com that is still offering +3, while Saints bettors should grab them at -2.5. As you can see there will often be odds associated with each outcome. In the above example the over 2.5 pays out at 2.1 (+110), while the under pays out at 1.8 (-125). Telling a cashier the rotation number of a bet is not absolutely mandatory. One could simply say “I’ll take the Cowboys -8” and the cashier will likely know that the customer is referring to an NFL point spread.

What Are Betting Odds?

You can quickly browse all of our trusted bookmakers with the best money line odds, point spread, and totals. To understand its importance, you should be aware that some bookmakers will reduce the odds to better their competitors. One sportsbook may offer -110 on your teams moneyline, whereas another book could offer -105, ultimately giving you more value for your money. Moneyline betting is the most simplistic form of MLB lines today, giving bettors a choice between team A or team B. Whichever team is victorious in the game is the side you want to be on. One group will enter their fixture as the favourite with their opponents, therefore, becoming the underdog.

Difference Between Revenue Vs Turnover

The variations can take some getting used to, but we’ll give you a breakdown on each format of betting odds explained. Betting odds matter because they tell you how much you could potentially win on a particular wager. Learn how to read odds correctly and you will be able to calculate what your exact return will be if your bet is correct.

Betting 101: What Is A Money Line Bet In Sports Betting?

If you bet a hundred dollars on the Chiefs and win, you’ll get a total payout of $180. If you win betting on the Jets, you’ll get a total of $300. The clear favorite in this example is the Chiefs, and the underdog is the Jets. Now, let’s examine how the odds can indicate how much you should stake and how much is your expected return. The Los Angeles Lakers, with the negative sign on the odds, are the favorite.

With a moneyline bet you’re simply picking the winner and the payout is determined by the odds. Based on Moneyline.com’s comparative odds rankings, Caesars offer the best odds on moneyline bets. Using -300 as an example, this means you must bet $300 to win $100. If you see odds of +300, this means you will win $300 for every $100 you stake. A -135 favorite means you must risk $135 to win $100 from the sports book. You may also note the bet price is not -110 like we have seen before.

You can bet on either over 2.5 goals being scored in the match, or under 2.5. Those who bet on the “over 42.5” think the Cowboys and Chiefs will combine to score more than 42.5 points. Those who bet the “under 42.5” think the two teams will combine to score less than 42.5.