Let's use a UFC fight as an example, with odds from FanDuel. When 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. When 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. Moneylines will be formatted in American odds at a sportsbook like FanDuel.Ī moneyline in American odds is centered around winning or wagering $100 on a given bet. To read more about Caesars, check out our Caesars Sportsbook promo code recap.

For more information about bet365, read Action's bet365 bonus code review.

You can place point spread bets (and more) with any of Action's best sportsbooks, including bet365 and Caesars. The point spread on the other hand levels the playing field by giving the worse team a handicap but evens the payouts on both sides. That's because these two teams are expected to be much closer in ability this season. The moneyline between the Jets and Bills on the other hand is almost even, with Buffalo at -120 and New York at +100. At +350, you'll win $3.50 for every $1 wagered.A line at -450 means you must wager $4.50 for every $1 you want to profit.

We expect the Ravens to be much better than the Texans this season, which is why Baltimore is -450 against Houston in the opener. Moneylines use American odds, which are centered around a $100 bet, though it scales up and down depending on your bet size. The sportsbook isn't giving you the better team at the same price as an inferior team. But the odds are adjusted based on each team or player's ability, so the amount you win or lose can vary greatly, depending on the event. A moneyline bet is a wager on a team to win a game.

Explanation of betting odds