Anything above 2.0 means that team or player is plus-money anything below 2.0 and they're minus money. Here's how they work.ĭecimal odds: Your total return for every dollar risked (including that dollar). » Return to the table of contents «Īround the world, most sportsbooks and bettors use decimal odds or fractional odds. Keep track of updates regarding ESPN's sportsbook offering by reading our ESPN BET promo code and review. An exciting new sportsbook has entered the market as well - ESPN BET. Make sure to enhance your betting strategies by using welcome offers such as the Fanatics Sportsbook promo code, the Caesars Sportsbook promo code, and/or the FanDuel promo code. Most of the time, football and basketball spreads will be -110 - just a 10% tax on your bet - since the spread makes things equal.įor lower-scoring sports, the point spreads will be low (often -1.5) but the odds on each side will be different because it's harder for a baseball, soccer or hockey team to win by multiple goals.įor example, you could get paid +150 betting Yankees -1.5 against the Red Sox, and have to risk -200 for Red Sox +1.5 in that same game. When you're trying to bet on sports, you'll see American odds everywhere.īut there are two different ways they're used: You can explore this concept further by using the BetMGM bonus code to try it out. It might be easier to think in terms of dollars instead of $100's, so for every $1.30 risked on the Yankees in this game, you'd win $1, and for every $1 risked on the Red Sox, you'd win $1.20. So if you're betting the Red Sox at +120, you'll risk $100 and will win $120 if Boston wins the game (plus your original $100 back). If You're Betting an Underdog: The odds for underdogs will have a plus (+) sign in front, and indicate the money you'll win for every $100 risked.So if you're betting on the Yankees at -130, you need to risk $130 and will win $100 if New York wins the game (plus your original $130 back). If You're Betting a Favorite: The odds for favorites will have a minus (-) sign in front, and indicate the money you need to risk to win $100.It scales up and down depending on your bet amount. MoneylinesĪmerican odds are centered around winning or wagering $100 on a given bet, though you don't need to actually wager $100. Betting Odds, Explained Table of ContentsĢ.

How do sports betting lines work