You will never see an event with two teams or players both possessing a plus sign, as bookmakers always set a favorite, indicated by the minus sign. If both teams or players have a minus sign, this represents an even contest that lacks the potential for a high payout. If you’re having trouble identifying which team is the favorite, focus on the minus sign next to a team or player’s name. Of course, odds this high seldom hit for a reason, which is why most bettors invest in winning teams to avoid unnecessary risk while making decent money.
Betting the favorite here is ill-advised, as you would need to wager $510 to win $100, while a $100 wager on the Jaguars at +375 would payout $375 in winnings from the sportsbook and return the $100 stake on top of it, making for a significantly better payday. This game is relatively even based on the moneyline odds, as the Indianapolis Colts are an overwhelming -510 moneyline favorite to beat Jacksonville in Week 10. However, if the Tennessee Titans at -160 was taken instead, you’d have to wager $160 in order to win $100, which is a notably smaller payout since the Titans are the betting favorite. Taking plus-odds or plus-money is often the strategy deployed to earn a lot of money in a short amount of time, as a $100 bet would pay out $140 in winnings from the sportsbook, along with the initial $100 stake, ultimately cashing out at $240. In this scenario, you’d be betting plus-odds on the underdog, which is the team with a lower probability to win the matchup. Let’s apply a $100 wager towards the New Orleans Saints moneyline at +140 odds. It is always easiest to analyze the moneyline in any sporting event by using $100 as the hypothetical wager. Selecting the winning team via moneyline bet returns the initial wager plus the additional winnings based on the odds taken at the time of the bet. If your moneyline bet is placed on the losing team, you don’t get any of your wager returned and it is kept by the sportsbook for profit. A draw is also known as a “push”, a term that is much more commonly used when betting the spread of a matchup. This is a rare outcome in the sport, known as a draw, which means the sportsbook will return the wager placed by the bettor. The NFL often has games that extend late into overtime, with a few that occasionally result in a tie between teams. The outcome will always be to select the winner by placing a wager on one team or one player before the event begins. To get a better understanding of how a moneyline bet really operates, let’s discuss the basics of making a moneyline wager. 11.7 Which is better spread or moneyline?ġ50% Match On The First Deposit Up To $300.11.5 What happens if you bet $100 on a +100 moneyline?.10 Explore Our Expert-Written Sports Betting Guides.MyBookie – One of the Best Sites for Moneyline Betting Bovada – Excellent Selection of Live Moneyline 8 Betting the Moneyline at an Online Sportsbook.5.1 Moneyline Odds and Implied Probability Win Percentage.
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