#HORSE WAGER CALCULATOR PLUS#

Moneyline bets are as straightforward as it gets in sports betting. To win $100 for a Cowboys win, you have to bet $170 If you bet $100 on the Giants and they win, you win $150 Moneyline BetsĪ moneyline bet is on the straight-up winner of a game. Going further, a $100 bet on the draw at +220 would payout $320. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. In this case where both teams have a ' + ' in front of their odds, the team with the lower number is the favorite. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.įor something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. 'įor an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. However, in most cases, the favorite will have a ' - ' in front of its moneyline odds while the underdog will always have a ' +. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. It's a similar case for the betting odds, though favorites don't always have a ' - ,' especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. In terms of the spread, the ' - ' always refers to the favorite and the ' + ' always refers to the underdog.

#HORSE WAGER CALCULATOR PLUS#

The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds. The main signifiers of American odds are that they either have a plus (+) or minus (-) in front of them and are in terms of 100. Most sportsbooks in the United States use American Odds. While odds look different, they mean the same thing. Odds can refer to moneyline, spread or total bets, and they can be displayed as American, British (fractional) or European (decimal). Sports betting odds and lines specify the implied probability of an outcome and how much money can be won. To understand how odds are calculated, it's best to learn what they specify. That extra $10 goes to the sportsbook because of the -110 odds and that's why the sportsbook wants equal money. If the Chiefs win by seven points and don't cover, the Chiefs bettor is out $110, while the Raiders bettor is up $100. Say there is one bet on each side, $110 to win $100. In the above situation, if equal money was put on the Chiefs -10 (-110) and Raiders +10 (-110), the sportsbook would finish in the positive no matter the result.

That's because of the vig, or the amount the sportsbook charges for taking a bet. While receiving equal money isn't always possible, it's always the goal because if that's the case, the sportsbook will come out in the positive no matter the final result.

And so, the sportsbook will continue to raise the line until the other side starts receiving action (from 10.5 to 11 to 11.5, etc). Sports betting odds are calculated with the main goal for sportsbooks being to receive equal money on both sides of a bet.įor example, if the Kansas City Chiefs are a -10 point favorite against the Oakland Raiders and are getting 90% of the money, the sportsbook would likely adjust their line so they don't finish in the negative if the Chiefs cover that spread.

Horse wager calculator