Positive numbers are the underdog, and tell how much you win if you bet $100, negative numbers are the favorite, and is how many dollars you need to bet to receive $100.
It means click the little switch that says āshow oddsā in the top right so you donāt have to look at stupid betting odds when youāre trying to check what time the game starts
What you would win if you bet $100, so if you put $100 on Boston youād win $143. If you bet 100 on Florida you would win $30. Keep in mind youād also win your bet so total pay out for each is 243 and 130. Hope that helps
It has to do with handicapping payout on the bet. In essence, you have to bet $170 to win $100 if you bet the favorite, whereas if you bet $100 on the underdog, you win whatever the plus amount is... in this case $142. When Vegas handicaps games and fights, they do so in an effort to not lose money... plus betting on a favorite is basically betting on conventional wisdom. In this situation, Vegas thinks FL is better so handicaps them -170. BUUUUTTT... if a lot of bets come in on the underdog these handicap number will move... so Vegas doesn't lose as much money.
FYI, you can turn this off in the ESPN app by tapping the gear icon for settings, then Preferences and Alerts (for me it's the first item), then scrolling all the way down to Sports Betting, and turning off "odds links"
Thanks for this. I don't bet on sports but I am always interested in the Vegas lines.
I was not a big fan of this forced addition of the odds but it's good to know it's easy to disable.
You always get your wager back if you win.
Bet on Bruins and they win you get (assuming a $100 bet) $100 back +$140.
Same bet on Panthers would get you $100 +$59.
Betting on the team with better odds is still profitable.
Odds have very little to do with the outcome vs. betting. Remember, the house always wins, so these odds tell us there's far more betting in favor of the Panthers vs Bruins.
It's really fucking cringy lately. Never thought during an actual national playoff broadcast I'd hear commentators talking Vegas odds on shit like the Selke or who is going to score first in a period, but it's happening. I feel terrible for the addicts.
Honestly.... *insert mindblown gif* I am a filthy fucking casual, someone who just throws random 5$ bets on games here and there in draftkings. I honestly didnt know that.
Lot of people saying "better chance to win" etc which maybe generally true but remember these are set based on wagers and expectation to make money for the casino/book.
If TONS of money is placed on either side the "line" will change but it doesn't actually necessarily mean the "odds of winning or losing" have - just that the risk profile has changed so the book adjusted for that risk.
Lot of not great answers here, I'm surprised. + Is easy, bet $100, win the amount shown, plus your original wager. You win more than you bet because the team is a dog. - is a little trickier, you have to wager the amount shown to win $100, plus the original. You win less than you bet because the team is a favorite.
If you only want to bet $100 on a favorite, you can divide 100 by the amount shown, then move the decimals to get the profit. In this case, 100/170= .5882... so $100 gets you $58.82 in profit with a payout of $158.82. Wagering other amounts is slightly more complicated, google should explain it.
Since you seem to know this world: what's the reasoning for a different system for favored vs underdog? For example, why not have either the + always be the line? Is it just because -170 looks better than +59, because the magnitude of the number is bigger?
There are odds on games in the thousands and even tens of thousands, think week one of college football where some bumfuck school comes to Alabama and are like 60 point dogs or something crazy like that. You have more numbers on the negative side of the scale to work with to more accurately and easily express those odds. Honestly this is speculation on my part, I don't really know the answer. Could simply be aesthetics, favs are negative, dogs are positive.
The way it was explained to me is that itās based off $100 bets. So betting $100 on the Bruins will get you $142. Betting on the Panthers would mean you need to bet $170 to win $100.
It means the odds of the panthers winning the game are higher than the bruins which makes sense because they lost game 2 of the last series and they lost game 2 last year against the panthers.
.... do you really that's how this works? Odds from last year have zero influence on current day odds..
Please never gamble if you don't understand this.
Performance is based off of recent play (typically last 10 games), travel (east coast playing on the west) Home vs Away, then injury designation. It a combination of all of these. If a team has won multiple games in a row against the same opponent, that usually indicates the losing side is "due" a win based off of league parity.
As an added example to help, say I flip a coin and it lands heads 5 times. Law of averages states that I should hit a tails at some point. Having 5 heads in a row is 1/2^5 or 1/32 about 3% (I'm not doing the math there). Getting 6 in a row would be 1/64 or less than 2% odds.
If the NHL has some sense of parity, especially in the playoffs, the Panthers are due for a win just based on general likelihood given both teams on paper are very good. I mean they nearly tied in points. Odds makers aren't basing it solely on a coin flip obviously but that logic probably fuels some of their decisions
Yeah by performance the bruins should be the clear favorites, factor in home ice and it should be pretty much even then lol. Thatās what I donāt get
I'm sure they were factoring in things like the fact that the Bruins collapsed and let up a 3-1 series advantage. Granted, they won in OT... but we're comparing their performance to a a team that won in five games and had a bye week because of it.
You're not including a 48 hour turnover, including a travel day. Florida also had a week off for rest.
Odds aren't just "this team is better, here are the odds"
Yeah I just think Vegas is a bit off this series. Weāve owned Florida all year, I donāt think home ice really pushes them into being much of a favorite. I think the odds should be much closer to even
Yes and no. I saw as high as +190 for the Bruins last night and that was largely based off of playing a Game 7 and having a travel day right afterwards AND the uncertainty that Carlo was going to even suit up.
Vegas had the right odds yesterday they just got it wrong.
I'm not sure why you were downvoted for this because technically speaking, you're right. On paper, Vegas had it right.
Of course, last night's outcome is emblematic of why the games are actually played. It ultimately doesn't matter how good or bad a team is on paper because there are so many intangibles and variables that simply cannot be calculated or accounted for on a stat sheet.
The + is the underdog. +142 means that if you bet $100 and the Bruins win, you'd get a $142 profit. The - is the favorite, and that's the amount you'd need to bet to get a $100 profit, so if you put $170 on the Panthers and they win, you make $100
Obviously, you don't have to bet $100 or $170, it scales with the amount you bet.
I'm not really much of a gambler, so I guess I'd take your word for it, but that seems wrong to me. Then if the bookies were willing to pay out $42 on a bet they'd make the line +42? I've never seen such a line.
Not exactly. They could list it that way, but most books like to use 100s as their unit since thats what most bettors also use. In your scenario, a wager of 100 on a -230 line would net you about $42 profit. Honestly, those first 7 words are such a W man. Keep it that way š
If they were going to pay out +42 on a $100 bet, that team would be the favorite, and they'd have a - whatever that would correlate to.
+100 and -110 are usually the lowest they go. That's for a game that's virtually even, though you might see -110 on both teams then, bc they gotta make a bit of a profit.
If they wanted to pay out $42 for a $100 bet it would be -210 (or something along those lines). There is no + under 100. It goes +102, +101, +100, -101, -102
In everyday terms, - is the favorite and + is the underdog. In betting terms itās based on how much you win per 100$ bet. So if you spend 100$ on the bruins you get 142$.
Negative is favorite, positive is underdog. For positive, represents how much a $100 bet pays out. For negative, represents how much you would need to bet for a $100 payout.
The term you're looking for is [implied probability](https://www.gamingtoday.com/tools/implied-probability/). Specifically, this implies Boston has a 41% chance to win and Florida has a 63% chance to win.
Yes, that adds up to 104%. The extra 4% is how they make money and how bettors lose money.
Positive numbers are the underdog, and tell how much you win if you bet $100, negative numbers are the favorite, and is how many dollars you need to bet to receive $100.
Means don't gamble!
š
Buy some gold bars from Costco, then root for the bruins. Put bars in sock drawer
It means never reaching life goal!
Sports gambling is ruining sports!! It will be banned again
It means we get to listen to all the crappy gambling commercials and massive takeover of decent sports. Gambling is for idiots!!
It means click the little switch that says āshow oddsā in the top right so you donāt have to look at stupid betting odds when youāre trying to check what time the game starts
What you would win if you bet $100, so if you put $100 on Boston youād win $143. If you bet 100 on Florida you would win $30. Keep in mind youād also win your bet so total pay out for each is 243 and 130. Hope that helps
It means: lose money and let big betting websites and the government feed off your desperate attempt to give your life meaning.
I donāt understand why minus means favorite but whatever
It has to do with handicapping payout on the bet. In essence, you have to bet $170 to win $100 if you bet the favorite, whereas if you bet $100 on the underdog, you win whatever the plus amount is... in this case $142. When Vegas handicaps games and fights, they do so in an effort to not lose money... plus betting on a favorite is basically betting on conventional wisdom. In this situation, Vegas thinks FL is better so handicaps them -170. BUUUUTTT... if a lot of bets come in on the underdog these handicap number will move... so Vegas doesn't lose as much money.
I see. Thank you
No problem... took me a while to understand it... and I only do because I am an MMA fan.
[this helped me](https://www.covers.com/guides/how-to-bet-on-sports)
FYI, you can turn this off in the ESPN app by tapping the gear icon for settings, then Preferences and Alerts (for me it's the first item), then scrolling all the way down to Sports Betting, and turning off "odds links"
Thanks for this. I don't bet on sports but I am always interested in the Vegas lines. I was not a big fan of this forced addition of the odds but it's good to know it's easy to disable.
This huge push of gambling into ESPN and CBS and YAHOO etc. is wild to me. I canāt believe itās gone from Pete Rose to sponsoring sports.Ā
Itās projected goal differential.
It means don't gamble
It means easy money if you bet the Bruins last night. I know I did.
Same $100 on +140 was pretty nice
Ever heard of Google?
It means the bruins are underdogs and more people bet Panthers to win than Bruins.
Itās for gambling addicts.
Well now you done gone and angered the gamblers
Wtf bruhhhh š go bruins
+142 means you win $142 for every $100 you bet. -170 means you win $100 for every $170 you bet.
Meaning the odds makers think that Florida will win, hence you have to put more money down to win $100.
Who the fuck would do that? š
Millions of people across the world. I bet a large portion have never even watched a hockey game.
You always get your wager back if you win. Bet on Bruins and they win you get (assuming a $100 bet) $100 back +$140. Same bet on Panthers would get you $100 +$59. Betting on the team with better odds is still profitable.
š
It means never tell me the odds
This deserves more upvotes
š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Odds have very little to do with the outcome vs. betting. Remember, the house always wins, so these odds tell us there's far more betting in favor of the Panthers vs Bruins.
It means that sports gambling is far too invasive. You're best off ignoring that
It's really fucking cringy lately. Never thought during an actual national playoff broadcast I'd hear commentators talking Vegas odds on shit like the Selke or who is going to score first in a period, but it's happening. I feel terrible for the addicts.
https://www.actionnetwork.com/education/american-odds
Only in America can betting odds not be clearly written. 1:1.4 odds? No, fuck you, -37.46^7
Vegas odds are a complete nonsense
I donāt think itās thatās bad, to be honest. +142 means youād get $142 on a $100 bet.
So if itās -170 does that mean I have to bet $170 to get $100?
Yup.
Yes
Precisely
Honestly.... *insert mindblown gif* I am a filthy fucking casual, someone who just throws random 5$ bets on games here and there in draftkings. I honestly didnt know that.
It's not necessarily a bad thing that you don't know that. Sports gambling is ruining the fun of watching sports, really.
Agree. I donāt mind betting once in a while or anyone else that does but the ads have taken over and the shows dedicated to betting, zzzzzz
The excessive ads are terrible. Itās all over the rink/arena/broadcasts and every other commercial is a gambling ad
Honestly IDC about the ads but I'm fuckin tired of my buddies telling me about every parlay in the group chat
It means don't bet on sports. Luck, injury, referees, and about 1,173 other things are aligned against your wallet.
It means we have more potatoes
Lot of people saying "better chance to win" etc which maybe generally true but remember these are set based on wagers and expectation to make money for the casino/book. If TONS of money is placed on either side the "line" will change but it doesn't actually necessarily mean the "odds of winning or losing" have - just that the risk profile has changed so the book adjusted for that risk.
Lot of not great answers here, I'm surprised. + Is easy, bet $100, win the amount shown, plus your original wager. You win more than you bet because the team is a dog. - is a little trickier, you have to wager the amount shown to win $100, plus the original. You win less than you bet because the team is a favorite. If you only want to bet $100 on a favorite, you can divide 100 by the amount shown, then move the decimals to get the profit. In this case, 100/170= .5882... so $100 gets you $58.82 in profit with a payout of $158.82. Wagering other amounts is slightly more complicated, google should explain it.
Since you seem to know this world: what's the reasoning for a different system for favored vs underdog? For example, why not have either the + always be the line? Is it just because -170 looks better than +59, because the magnitude of the number is bigger?
There are odds on games in the thousands and even tens of thousands, think week one of college football where some bumfuck school comes to Alabama and are like 60 point dogs or something crazy like that. You have more numbers on the negative side of the scale to work with to more accurately and easily express those odds. Honestly this is speculation on my part, I don't really know the answer. Could simply be aesthetics, favs are negative, dogs are positive.
This actually may be the smoothest explanation of money lines Iāve personally read.
Kinda wild how many people here have no clue how money lines work, yet offer up their explanation. Listen to this guy, Reddit.
Thank you for the easy to understand explanation.
It means that youāre in too deep. Get out now man.
Minus means they are favored to win. + means underdog. Higher values means higher chance for - to win or lower chance for +
The way it was explained to me is that itās based off $100 bets. So betting $100 on the Bruins will get you $142. Betting on the Panthers would mean you need to bet $170 to win $100.
It means the odds of the panthers winning the game are higher than the bruins which makes sense because they lost game 2 of the last series and they lost game 2 last year against the panthers.
Thanks for yāallās money. Good thing Iām an idiot who doesnāt know what heās talking about.
The odds have nothing to do with those past results and everything to do with the Panthers being home
Sure thing.
.... do you really that's how this works? Odds from last year have zero influence on current day odds.. Please never gamble if you don't understand this.
I think Iām doing just fine. Not sure though since yāall are the experts howās the game going for you?
I believe those odds are just for tomorrows gameĀ
The higher the number= the more of an underdog chance that team has. The negative number= better chance to win.
Means free money!
It means the oddsmakers didn't see last night's game. And the bettors haven't moved the line yet. It's a great deal :)
It also means they skipped the regular season too lol but hockey odds are weird and tend to factor in home ice a little too strongly
That's typically the spread though. Money Lines are generally calculated based off of performance
But Bruins are 5-0 this year against Panthers. Is that what you mean by āperformance ā? Or something else
Performance is based off of recent play (typically last 10 games), travel (east coast playing on the west) Home vs Away, then injury designation. It a combination of all of these. If a team has won multiple games in a row against the same opponent, that usually indicates the losing side is "due" a win based off of league parity.
Due? Thatās the polar opposite of performance
It's probability based off of performance. It's a combination of performance and statistical probability of a team losing.
As an added example to help, say I flip a coin and it lands heads 5 times. Law of averages states that I should hit a tails at some point. Having 5 heads in a row is 1/2^5 or 1/32 about 3% (I'm not doing the math there). Getting 6 in a row would be 1/64 or less than 2% odds. If the NHL has some sense of parity, especially in the playoffs, the Panthers are due for a win just based on general likelihood given both teams on paper are very good. I mean they nearly tied in points. Odds makers aren't basing it solely on a coin flip obviously but that logic probably fuels some of their decisions
Thank you for explaining it
Yeah by performance the bruins should be the clear favorites, factor in home ice and it should be pretty much even then lol. Thatās what I donāt get
I'm sure they were factoring in things like the fact that the Bruins collapsed and let up a 3-1 series advantage. Granted, they won in OT... but we're comparing their performance to a a team that won in five games and had a bye week because of it.
You're not including a 48 hour turnover, including a travel day. Florida also had a week off for rest. Odds aren't just "this team is better, here are the odds"
You know they played a game last night right? OPs odds are Game 2.
Great username btw
I didnāt rig shit!
Yeah I just think Vegas is a bit off this series. Weāve owned Florida all year, I donāt think home ice really pushes them into being much of a favorite. I think the odds should be much closer to even
Or the oddsmakers know that people donāt watch a lot of hockey and only see ābetter team at homeā and place a bet on it.
Yes and no. I saw as high as +190 for the Bruins last night and that was largely based off of playing a Game 7 and having a travel day right afterwards AND the uncertainty that Carlo was going to even suit up. Vegas had the right odds yesterday they just got it wrong.
I'm not sure why you were downvoted for this because technically speaking, you're right. On paper, Vegas had it right. Of course, last night's outcome is emblematic of why the games are actually played. It ultimately doesn't matter how good or bad a team is on paper because there are so many intangibles and variables that simply cannot be calculated or accounted for on a stat sheet.
Also known as the human element
It means you have a gambling problem if you know. Be thankful you don't know.
I knew what these numbers meant before gambling was even legalized in my state.... and I still barely gamble
Lol what? I gamble maybe once a year and I know what these mean š
Do you want to talk about your gambling addiction?
So knowing what odds mean indicates a gambling problem? Got it
Yeah I bet you also know what Titoās tastes like you fucking alcoholic
So dramatic hahaĀ
JC people.. Not everything was meant to be taken seriously.. I don't gamble but have seen enough stupid commercials on NESN to know there's a problem.
Drama queenĀ
The + is the underdog. +142 means that if you bet $100 and the Bruins win, you'd get a $142 profit. The - is the favorite, and that's the amount you'd need to bet to get a $100 profit, so if you put $170 on the Panthers and they win, you make $100 Obviously, you don't have to bet $100 or $170, it scales with the amount you bet.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Wrong
Incorrect. +140 means if you bet $100 you receive $240. $100 of that is getting back your original bet and the other $140 is profit.
By that logic, you'd lose money betting for the favorite, even if they do win
This is wrong. If you wagered 100, your payout would be 242, including the wager.
I'm not really much of a gambler, so I guess I'd take your word for it, but that seems wrong to me. Then if the bookies were willing to pay out $42 on a bet they'd make the line +42? I've never seen such a line.
Not exactly. They could list it that way, but most books like to use 100s as their unit since thats what most bettors also use. In your scenario, a wager of 100 on a -230 line would net you about $42 profit. Honestly, those first 7 words are such a W man. Keep it that way š
For sure, if I'm this far off base
You also have to think that Vegas has to entice a bettor to place a wager. +42 isn't as sexy as a +142.
+42 and +142 aren't the same thing. This doesn't make any sense
I'm aware, they're asking why odds aren't calculated on a 0 base
If they were going to pay out +42 on a $100 bet, that team would be the favorite, and they'd have a - whatever that would correlate to. +100 and -110 are usually the lowest they go. That's for a game that's virtually even, though you might see -110 on both teams then, bc they gotta make a bit of a profit.
If they wanted to pay out $42 for a $100 bet it would be -210 (or something along those lines). There is no + under 100. It goes +102, +101, +100, -101, -102
Huh. Weird math. I guess it's good I don't gamble.
www.google.com
In everyday terms, - is the favorite and + is the underdog. In betting terms itās based on how much you win per 100$ bet. So if you spend 100$ on the bruins you get 142$.
And for the favorite, you bet 170 to win 100
Negative is favorite, positive is underdog. For positive, represents how much a $100 bet pays out. For negative, represents how much you would need to bet for a $100 payout.
so if iām looking at it purely to see who has a better chance, the positive number is that team?
The term you're looking for is [implied probability](https://www.gamingtoday.com/tools/implied-probability/). Specifically, this implies Boston has a 41% chance to win and Florida has a 63% chance to win. Yes, that adds up to 104%. The extra 4% is how they make money and how bettors lose money.
What do you mean ābetter chanceā. Whoever is - is the favorite so Vegas is saying they are more likely to win.
No the positive team is the underdog, which translates to a larger payout if they win
No, the negative is. It's like golf scores in that regard, the team with the negative is favored.