Positive odds are assigned to the perceived underdog. However, it can also be great for seasoned bettors to find unique betting opportunities.
Moneyline betting can be a great way for beginner bettors to introduce themselves to odds. This example is the same for every sport.įor the favorite, the calculation for your profit is (100/Odds) * Bet Size.
In this case, you would need to bet $215 on the Patriots to earn a $100 profit.īetting on a team with negative odds is probably a safer bet because they’re considered the favorite, but it also costs more and returns a lesser profit.
Say you want to bet on a game where the Tennessee Titans are the underdogs at +185 and the New England Patriots are favored to win at -215.
