how to understand odds in sports betting

Whereas, the Miami Marlins are +140, aka the underdog to win. The moneyline odds are determined by the likelihood of that team winning.Įxample: Atlanta Braves are -165 favorite to win, you have to risk $165 in order to win $100. Simply put, a moneyline bet is betting on a team to win the game. Sports Bet Types What Does Moneyline Mean? The higher number on top (3/1) indicates that the team is three times more likely to lose than they are to win. In fractional form, you’ll see something like 1/3 or 3/1: The lower number on top (1/3) indicates that the team is favored to win by three times more than they are to lose. On the other hand, when the odds are +125, you’ll be risking 100 to win $125. For example, when the odds are -125 it means you have to risk $125 in order to win $100. You’ll see something like -125 or +125: The negative numbers mean that they are the favorite – the positive numbers mean they’re the underdog. In numerical form, everything is based on $100 bets. While there are different ways to display odds, you’ll usually see odds displayed in a numerical or fractional form.

Sports Betting Explained: Complete Guideīetting odds indicate how likely one outcome is in comparison to the other.Monkey Knife Fight Promo Code and Review.

How to understand odds in sports betting