From there, you can factor in potential payouts for winning bets to further whittle down the field. How the moneyline worksĪfter you have a good handle on how moneyline odds translate into the likelihood of winning for both sides, you’ll be able to scan the odds board more efficiently. You can always line shop at various books to find the best odds for the bet you want to place. Moneyline odds won’t always be exactly the same at each sportsbook.

If a key injury happened to pop up on the Steelers side, that could lead to their odds being adjusted even further downward, such as from +120 to +130. For example, if a lot of betting volume came in on the side of the Packers, a sportsbook could respond by making the odds on that side less favorable, such as down to -150. As action comes in and any newsworthy developments happen, the sportsbook might shift the odds. The Packers are slight favorites over the Steelers. Here is an example between the Green Bay Packers and the Pittsburgh Steelers. Negative odds: When the odds are negative, the number equals how much you have to bet to get back $100 for a winner, which in this case is $140 at -140.If you place a bet at those stakes on the Steelers at odds of +120 and they go on to win the game, your profit will 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. The range between the odds can indicate the closeness of the matchup in the eyes of the sportsbook, while the relative pricing may differ when compared with competing sportsbooks. Negative odds indicate favorites, and underdogs have positive odds. The odds adjust based on the expected performance. A moneyline bet is where you pick the winner of an event or game.

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