Moneyline betting12/21/2023 Since right now there is still a lot up in the air and a lot of potential for things to shift, everyone is pretty much considered an underdog. In this case, the higher the positive number, the lower the team is on the totem pole. Currently, if you were to look up the odds for which teams will be in the 2020 Super Bowl, they would pretty much all be listed as positive numbers. Sometimes you’ll see a moneyline with a lot of positive numbers. Since the Titans are the underdogs, their profit margin is also higher.įor a $100 bet on Titans, you’d turn a profit of $185 for a final payout of $285. Using the same odds as before, the Tennessee Titans are underdogs at +185 and the New England Patriots are favored to win at -215. Say you want to make a wager on who will win a specific game. These teams may be less likely to win, but they will also bring in more money if they do. Positive numbers refer to teams not favored to win underdogs. Unlike in point spreads, where teams may be favored by 2.5 points – moneyline odds are awarded to teams individually and involve bigger numbers. Moneyline odds are often referred to as American or US odds. Positive odds are assigned to the perceived underdog. However, it can also be great for seasoned bettors to find unique betting opportunities. Moneyline betting can be a great way for beginner bettors to introduce themselves to odds. This example is the same for every sport.įor the favorite, the calculation for your profit is (100/Odds) * Bet Size. In this case, you would need to bet $215 on the Patriots to earn a $100 profit.īetting on a team with negative odds is probably a safer bet because they’re considered the favorite, but it also costs more and returns a lesser profit. However, you should analyze each game independently looking for value in both favorite and underdog moneylines.Say you want to bet on a game where the Tennessee Titans are the underdogs at +185 and the New England Patriots are favored to win at -215. In general, I think this means taking higher upside picks, such as underdogs rather than taking large favorites. There is no magic formula for moneyline betting, you’ll simply need to pick your spots wisely and balance your risk versus your potential reward. They will safely bet the point spread because they feel the game will be close, but will also put themselves in line for a nice payday if the underdog wins straight-up. In cases when there is a point spread and moneyline offered on an event, such as an NFL football game, many bettors will place a wager on the moneyline and point spread of an underdog they feel has a chance to pull the upset. If you can spot upsets even decently well, moneyline wagers on underdogs can be profitable bets. For a +300 wager, you only need to win 25% of the time to break even. Upsets happen more often than some of us think and moneyline betting is a great way to take advantage.įor example, for a moneyline wager of +250, you only need to win about 28% of the time to break even. On the other hand, underdog moneylines can be lucrative wagering opportunities. We try to stay away from large favorite moneylines, because the amount you must risk is very high and the payoff is low. You are risking a lot to win very little and even though a large favorite will win most of the time, when they do lose, you will find yourself out a lot of money. When your odds jump even higher to -400, you’ll need to win your bet 80% of the time to show a profit. On a moneyline bet of -300, you’ll need to win your bet 75% of the time just to break even. Moneyline betting can be tough to tackle for some bettors, but it is truly a balance of risk vs reward.įor instance, a large favorite of -300 or more is most likely to win going to win their matchup, but that large price means you’ll be risking a lot for a small payout. If you placed the same $100 on the Bills and they caused a surprise upset, your return would be $285. To win $100 by backing the Patriots, you must risk $330. ![]() The Patriots are massive favorites in this AFC East matchup. Buffalo Bills +285 vs New England Patriots -330
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