How does NFL odds work?

As mentioned before, the odds payouts are posted based on $100 measures. So for a money line wager, if a team is a -220 favorite it means you need to bet $220 in order to make a $100 profit on your ticket. Conversely, if a team is a +350 underdog it means a successful $100 bet will earn you $350 profit.

What does +200 odds mean?

They are American money line odds; for example, +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the player would receive a total payout of $300 ($200 net profit + $100 initial stake).

What does +7 mean in football odds?

If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7, as long as they lose by less than seven points or win outright, you win your bet.

How do you read NFL odds spread?

The main bets for NFL lines are spreads, totals, and moneylines. For the first two, you'll see two numbers on each side: the line and the odds for placing the bet. On the spread, the team with the negative line is the favorite, and the positive line indicates the underdog.

How do you read the odds on football?

Odds are presented as a positive or negative number next to the team's name. A negative number means the team is favored to win, while a positive number indicates that they are the underdog. Ex: Dallas Cowboys, -135; Seattle Seahawks, +135.

How Do NFL Betting Odds Work?

How do you read odds for dummies?

Whereas negative (-) odds tell you what you have to bet on the favorite to win $100, positive (+) odds tell you how much you'll win for every $100 you wager on the underdog. So, a team with odds of +120 would payout $120 for every $100 wager.

What does minus 250 odds mean?

Now, if there is a minus sign in front of the odds, that is the number that you would have to bet in order to win $100. For example, if a football team was -250, that means you'd have to bet $250 to win $100.

What does a +12 spread mean in football?

The 49ers have to win by 12 or more points to cover the spread. If the Cardinals win or lose by 10 or less, that side wins the bet. If the game lands on 11, like a 21-10 49ers win, it's a push and all bets are refunded. If you see a -11 that means that team is favored, and +11 means you're taking the underdog.

What does a negative spread mean?

In the simplest terms, a negative spread indicates the favorite, which is the side that's expected to win the matchup. A negative point spread really means that team has some work to do. For a negative spread bet to hit, the team has to beat its opponent by a margin greater than the point spread.

What does +1.5 spread mean NFL?

The Eagles were favored by 1.5 points, which means if you bet them and they won by 2 points or more, you would have won your bet. The Chiefs were +1.5 point underdogs, so if you bet on them they would have needed to either win the game outright or at least not lose by 2 points or more.

What does +6.5 mean in football odds?

For example: Green Bay –6.5 means that Green Bay is the favorite and must win by at least 7 points. Chicago +6.5 means that Chicago is the underdog and has been “spotted” or “given” 6.5 points; if Chicago loses by 6 or fewer points, it is a winning bet (if Chicago pulls an outright upset, it is also a winning bet).

What happens if you bet $100 on a money line?

This means that the bettor would have risked $400 and ultimately gained $100. The positive number shows how much would be gained on a successful $100 bet. A +300 money line, for instance, would mean that if you place a successful bet of $100, you would win $300.

How do plus minus odds work?

How Does Plus/Minus Work in Sports Betting? With betting, odds are defined in terms of money and $100 is usually the standard amount. If the odds have a minus, that means you have to wager that amount to win $100. If the odds have a plus, that means you'll win that amount of money if you win the wager.

Is 20 to 1 odds bad?

The 20-1 betting odds probability is a 95.24 per cent probability of a particular outcome and 4.76 per cent probability of another outcome. The 20/1 odds implied probability means your selection has a 4.76% chance of winning and a 95.24% chance the selection will lose.

Are 10 to 1 odds bad?

At 10-1 horse odds you could look to bet each way and still show a good profit if the selection is only placed. Many punters ask if 10/1 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 10-1 winner is good odds and a 10/1 loser is bad odds.

What do odds +150 mean?

A moneyline is simply a bet type that only includes Odds, as in “Odds to win”. Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win.

Is plus or minus spread better?

If the team has a minus sign, that means they're the favorite and they'll have to win by the specified number or more for you to win your bet. If the team has a plus, that means they're the underdog and they'll have to either win the game or lose by less than the specified number for you to win.

Why would you bet on negative odds?

The minus sign shows you which team is favored. When you bet on the favorite you get worse payout odds on your bet since they're more likely to win. The team with a negative number (like -110) is the favorite.

What does minus 9 spread mean?

The negative value -9 indicates the Giants are favored by 9 points. The positive value (+9) indicates the Jets are underdogs of 9 points. To place a bet on the favored Giants means they must win by at least 10 points to cover the spread. The underdog Jets can lose by eight points and still cover the spread.

What is a minus 7 spread?

A favorite will always be surrendering points, i.e. a -7 spread for the Buffalo Bills against the Miami Dolphins means that oddsmakers have labeled the Bills as the favorite by seven points.

What is a minus 4 spread?

The minus sign denotes that that team has to win by more than that margin while the plus sign indicates that the other team can lose by that margin, or win the game, and they cover the spread in either case. Following this example, the Chiefs are at -4.5.

What is a minus 5 spread?

For example, if a spread is (-7.5) points, your team needs to win by eight or more. If you bet on an underdog, they can lose by fewer than the assigned spread or win outright for you to win. For example, if a spread is (+5.5) points, your team can lose by 5 or fewer or win outright.

Is it bad to bet on negative odds?

Betting 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. This example is the same for every sport. For the favorite, the calculation for your profit is (100/Odds) * Bet Size.

What does negative 300 odds mean?

In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.

What does minus 180 odds mean?

So, for instance, let's say a moneyline favorite appears as -180 on the betting board. That minus sign indicates the amount of money one must wager to win $100. So a bettor looking to win $100 will risk $180.