• 1200 Bennington Street East Boston
• 1200 Etting Street Baltimore

Home » Sports Betting » Beginner's Guide » Odds » Moneyline. Calculating Payouts From Moneyline Odds. In the United States, most bookmakers use the moneyline format to express the odds they offer. Frankie Whispers Betting Breakdown: The Vegas Golden Knights (14-4-1, 28 points) hold a one-point lead over St. Louis (13-8-2, 28 points) in the West. However, we should note that the Blues have. Betting Odds Explained - Understanding Odds. Knowing how to convert betting odds can be very helpful. In fact, if you don't know how to convert betting odds into their respective implied probabilities, you're not helping your chances in the competitive world of sports betting. The bettor is risking $100 to win $1200, and since the original $100 wager is added back into the stake the potential return on this bet would be $1300. The math to calculate breakeven percentage would.

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 -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.

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.

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…

1200 Bennington Street East Boston

In the first round of the 2018-19 NBA Playoffs, the Golden State Warriors money line was -20000

1200 Etting Street Baltimore

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.