How does a moneyline work? | Who Wins on Sunday?

A moneyline is a wager on which team wins the game, without applying a point spread. The price tells you both which side the market favors and how much the wager costs relative to its potential return.

How it works

Negative odds such as -150 indicate the amount you would need to risk to win $100 in profit. Positive odds such as +130 indicate the profit on a $100 wager.

What to remember

Moneyline prices can also be converted into implied probabilities. Those raw probabilities include the sportsbook’s margin, so they should not be confused with a model’s independent estimate.

Betting markets are information, not guarantees. Use them as one input when making your own decisions.

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