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. 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 and 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.

What does money line mean in gambling