Negative odds: When the odds are negative, the number equals how much you have to bet to get back $100 on a winning wager, such as $110 at -110.If you place a $100 bet at odds of +120 and that team goes on to win the game, your profit would be $120. Positive odds: For positive odds, the number indicates how much you’ll get back on a $100 wager.Sportsbooks will display the potential return on your wagers before you click submit, but you can also easily ballpark it based on the odds. Here is another example using a game between the Green Bay Packers and the Pittsburgh Steelers. If your selection loses, then the bet itself is a loser as well. To win a moneyline bet, the side that you choose has to come out on top. The range between the numbers on both sides can help you quickly determine which games the sportsbook expects to be close or potential mismatches. Let’s take a look at an example using the moneyline odds for Super Bowl 57. For games that fall into this category, oddsmakers have deemed the game to be a toss-up, meaning that both teams have an equal chance of winning in the eyes of the sportsbook. In rare cases, the odds will be equal on both sides, as in -110 for both teams. Positive odds, such as +130, indicate underdogs.Negative odds, such as -150, indicate favorites.When you view the betting lines for a slate of games, you can easily spot the favorite or underdog in a matchup by remembering the following: There are no spreads to worry about, just straight winners and losers. When betting on the moneyline, the goal is to simply pick the winner of the game.
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