What is a Betting Line? A betting line is a form of wagering whereby the bookmaker or sportsbook set gambling odds and determine the favorite and underdog teams in a match. This handicap creates a margin (line) between the two teams, where there are only two outcomes possible, and sets the parameters for wagering on the game. Odds On & Odds Against – Two of the key terms that you’ll hear when it comes to betting odds are ‘odds on’ and ‘odds against’. These terms refer to whether a price is greater or lower than evens. Any price above evens is known as odds against, while anything below evens is odds on. Odds are displayed in either American, Decimal, or Fractional formats, and serve two purposes: They signal the implied probability of the outcome they are attached to They indicate how much money you could win betting on that outcome.Be careful relying on the odds alone when evaluating the probability an event will occur. Betting odds simply indicate the likelihood of an event and the return you’d get if you did make a wager on the result. Betting odds may be displayed in three different formats at US sportsbooks and online and mobile sports betting platforms: American odds, fractional odds and decimal odds.
What Does +100 Odds Mean
The legal sports betting world is changing. Quickly.
New states are opening their arms to the world of legal sports betting and are opening opportunities for you to take part in making legal sports bets on your favorite teams in casinos, race tracks and through online betting.
Part of our goal at SportsbookWire is to educate the new and/or casual sports bettor on the typical terms around legal sports betting and the various nuances that go into making a sports bet or wager.
In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.
Here are some negative money line examples:
The New England Patriots are -500 against the Buffalo Bills. If you’re betting the Patriots, you would need to wager $500 in order to win $100 if your bet is correct with the Patriots winning.The New York Yankees are
What Is An Odd In Betting
-200 to beat the New York Mets. If you are betting on the Yankees, you need to wager $200 to win $100 if your bet is correct with the Yankees winning.The Tampa Bay Lightning are -400
to beat the Detroit Red Wings. If you’re betting on the Lightning to win, you need to wager $400 to win $100 if your bet is correct with the Lightning winning.It’s actually pretty easy and we’re sure you get the point here.
What Do Odds Mean
Fractional odds of 1/2 and decimal odds of 1.5 are also equivalent in this scenario.
A negative money line is also considered as the favorite – or chalk pick – by the oddsmakers.
What Does A Negative Betting Odds Mean
We’ll get into that more in other pieces, but the heavier the team, player, situation or bet in general is favored to succeed, the higher the negative money line.
For example…
In the first round of the 2018-19 NBA Playoffs, the Golden State Warriors money line was -20000 to beat the Los Angeles Clippers. That means you would need to have wagered $20,000 to win $100 if the Clippers won.Kind of ridiculous, right? That’s how heavy the Warriors were favored over the Clippers … the sports books don’t want you making that bet, because it was expected to be an easy Warriors win.If you’re looking for more educational information on sports betting and terms around such, be sure to check out our How to Bet on Sports 101 section for a variety of betting definitions, betting terms and sports betting strategies to help you build your bank account.