OT - Explain these betting odds | Syracusefan.com

# OT - Explain these betting odds

#### DonLightfoot

##### All Conference
I've never really been a betting type of guy, but on-line betting is now legal in Ontario so I thought I might play a little with a few bucks now and then. I understand the odds for basketball games such as "-5" or "+6". I'm watching a lot of NHL playoff games as usual and see "Draft Kings" put up some weird odds during the broadcast which I don't understand. For example, a certain game may have Boston at +160 and Carolina at -140. What the heck do those mean? I haven't signed up for anything yet and am not sure how the odds will be shown on various sites for hockey. Any help would be appreciated.

#### CuseCrew08

##### Starter
That is the moneyline based on a \$100 bet. Boston +160 means they are the underdog and with a \$100 bet you could win \$160. Carolina -140 means they are the favorite and you would have to bet \$140 to win \$100.

Edit: Moneyline is just based on who wins the game has nothing to do with the spread.

#### Eric15

##### Living Legend
If you bet \$100 on Boston, you would profit \$160 if they win. They're an underdog so there is a better return.

If you bet \$140 on Carolina, you would profit \$100 if they win. They're the favorite so there is a worse return.

#### DonLightfoot

##### All Conference
Thanks guys, got it

#### Knicks411

##### Living Legend
And if you want to covert those ML odds to % of winning, for the favorite divide the moneyline by the ML +100. For the Dog, divide 100 into the ML +100.

So tonight, Florida-Tampa is Florida -160, Tampa +140.

So Florida's implied odds are 160/(100+160)=61.54%
Tampa is 100/(100+140)= 41.67%

If you add those up you get a 103.2% chance of winning. Man, i wonder why sports books are so profitable

Cool, thanks.

#### UnknownOrange

##### All American
You also will see most if not every single baseball game giving you -1.5 or +1.5 which is the run line. That will then have odds associated with it, given the likelihood of them actually winning by 2 or losing by less than 2.

#### HoustonCuse

##### 2020-21 Iggy Winner Lead Scorer & Post Season Rcd
If you bet \$100 on Boston, you would profit \$160 if they win. They're an underdog so there is a better return.

If you bet \$140 on Carolina, you would profit \$100 if they win. They're the favorite so there is a worse return.

Profit or win? If you bet \$100 on Boston you win \$160 right? Not \$260.

#### Eric15

##### Living Legend
Profit or win? If you bet \$100 on Boston you win \$160 right? Not \$260.
You would get your \$100 bet back plus \$160 of profit.

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