Not only are these considered good odds, they are often the best across the entire betting market, which attracts quite a bit of traffic to the site. A lot of the sporting events rotate around American professional sports leagues like the NFL, NBA, and NHL, while a first deposit offers helpful resources new users a 100 percent matching deposit of up to $1,000. This is a significant increase from BetOnline and Bovada, who max their matching offer out at 50 percent, which means that the MyBookie turnover requirement is set at a steep 10x. There are also quite a few reload offers that keep bettors coming back to MyBookie after exhausting their new user bonuses. A betting reload offer is available whenever a user makes another deposit via match deposits or free bets, creating more incentive to continue using MyBookie for moneyline betting.
With that in mind, they allow for bets to be made on NFL moneylines while the game is in progress by offering live betting odds that update as time ticks off the clock. When betting on football game lines, NFL point spreads, moneylines, and over/unders are the three wagering options that will always be included. The NFL moneyline odds are the positive or negative three digit numbers placed in between the spread and the total. For most sites that offer sports betting odds, football is a very important section.
In this example, on a $1.00 bet on Chicago you would get back a total of $5.00 and on a $2.00 bet on the colts, you’d realize $3.00. As you can see, regardless of the format of the betting lines, the payout is the same. As of this writing (Sept. 20, 2018) here are which sports book groups offer which sets of money line bets in baseball. Naturally betting action on the NFL is at its height during the regular and post-season periods, culminating in the Super Bowl being the most bet on sports event all year. For American bettors, NFL bets can be placed at domestic sportsbooks or at online betting sites operating legitimately outside of the US. Hedging Futures – Let’s say you bet $100 on Team A’s +500 odds to win it all before the start of the NFL playoffs and they made it to the Super Bowl.
On an unrelated note, some sportsbooks will allow a correlated parlay of a team’s ML or spread along with the over/under of the same game. Not only can you make moneyline parlays, but you can also mix them with point spreads from other games, as well as totals in your parlay bet. The underdog odds signify the amount you will profit with a lay/risk/bet of $100. One team will have a minus sign (-) in front of their odds.
You can use our odds calculator to make non-round, more difficult conversions. Khabib was a -290 favorite over Tony Ferguson, who was a +230 underdog. Let’s use a UFC fight as an example, with odds from FanDuel. Moneylines will be formatted in American odds at a sportsbook like FanDuel. If you want to bet moneylines now, FanDuel will give you a $500 risk-free bet.
The less likely a team is to make the playoffs, the higher the odds and payout. Teams more likely to make the playoffs offer lower odds and a smaller payout. NBA odds means how likely or not that a particular outcome will happen. Bets with (-) are more likely to occur than bets with (+) according to that specific sportsbook. The higher the (-) number, the more likely the event will occur, the higher the (+), the less likely.
It’s a little trickier to convert between moneyline/American odds and decimal odds because moneyline takes the form of both positive and negative numbers. A positive (+) MLB moneyline represents the odds for the underdog in a game. This is in contrast to a negative (-) MLB moneyline, which represents the favorite.