OT - Explain these betting odds | Syracusefan.com

OT - Explain these betting odds

DonLightfoot

All Conference
Joined
Jul 26, 2013
Messages
2,430
Like
3,490
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
Joined
Aug 15, 2011
Messages
1,483
Like
2,081
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
Joined
Aug 28, 2011
Messages
25,269
Like
84,586
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.
 

Knicks411

Living Legend
Joined
Aug 29, 2011
Messages
13,189
Like
11,381
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
 

UnknownOrange

All American
Joined
Apr 15, 2014
Messages
4,319
Like
10,744
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
Joined
Aug 16, 2011
Messages
10,926
Like
23,933
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.
 

Similar threads

    • Like
Orangeyes Daily Articles for Wednesday for Football
Replies
1
Views
421
    • Like
Orangeyes Daily Articles for Thursday for Football
Replies
2
Views
616
    • Like
Orangeyes Daily Articles for Wednesday for Football
Replies
4
Views
518
Replies
4
Views
909
Replies
0
Views
264

Forum statistics

Threads
157,641
Messages
4,195,696
Members
5,520
Latest member
Grad03

Online statistics

Members online
150
Guests online
568
Total visitors
718




Top Bottom