Understand moneylines. Another way to represent odds is with moneylines. Moneyline odds are a given number in the hundreds or thousands, accompanied by a plus or a minus.
- A positive moneyline odds value indicates how much you will earn on an $100 bet. When winning a moneyline bet, you’ll also get your initial betting unit returned.
- For instance, if you bet $100 on a team with +200 moneyline odds, you’ll get $300 back (your initial investment of $100 plus $200). If you bet $200 on a game with moneyline odds of +100 and win, you’ll get $400 ($100 on the first hundred you spent, another $100 on the second hundred you spent, and your initial $200 investment).
- Calculate potential profits with positive moneyline odds by dividing the odds by 100, then multiplying the result by your initial stake.
- Moneyline odds represented as a negative number indicate how much you must invest before earning $100.
- For instance, if moneyline odds on a team are -100 and you wagered $100 and won, you’d get $200 back (your initial investment of $100 plus $100 in winnings).
- Calculate potential profits with negative moneyline odds by dividing the odds by 100, then dividing your stake by the result.