Every $100 bet, in this case, would turn a profit of $220 in return if they win.įor the underdog, the profit calculation is (Odds/100) * Bet Size. However, as an example let’s say you want to make a wager that the Ravens (currently +220) will win. 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. 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.

How to bet draftkings moneyline