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What does +5000 mean in sports bet?

underdog Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. The number also indicates how much money would win in comparison to every $100 you wager.

sportsbookwire.usatoday.com - Betting 101: What is a moneyline bet in sports betting? - Sportsbook Wire

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In the world of sports betting, a moneyline bet is simply betting on which team you expect to win. It doesn’t have anything to do with a margin of victory (sports betting point spread), how many points the teams combine to score (sports betting Over/Under) or anything else — it is purely betting on which team you expect to win the game. You may also see a moneyline bet listed as “Moneyline” or “ML” in different spaces. Moneylines are represented in negative, positive and EVEN (even money bet: bet $100, win $100) values.

Negative moneyline: -145, -220, or anything similar

When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game. That number also indicates how much money you need to bet/spend in order to win $100. For example, a -220 moneyline means you need to bet $220 in order to win $100 provided the team you bet on actually does win. Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…

Positive moneyline: +145, +220, or anything similar

When you see a plus (+) sign in front of a price, it illustrates to you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. The number also indicates how much money would win in comparison to every $100 you wager. For example, a +150 moneyline means you would win $150 for each $100 wager you place should that team win the game.

Moneyline examples:

Lets use an NFL example here:

New England Patriots -240

Miami Dolphins +220

To bet the New England Patriots to win on the moneyline, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit. To bet the Miami Dolphins to win on the moneyline, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit. In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.

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What does +6.5 mean for odds?

underdog For example: Green Bay –6.5 means that Green Bay is the favorite and must win by at least 7 points. Chicago +6.5 means that Chicago is the underdog and has been “spotted” or “given” 6.5 points; if Chicago loses by 6 or fewer points, it is a winning bet (if Chicago pulls an outright upset, it is also a winning bet).

athlonsports.com - What does ""line"" mean in sports betting? - AthlonSports.com

What does line mean in sports betting?

What does “line” mean as a sports betting term?

Another term for “point spread.” It is the betting “line” or gambling odds used to determine the parameters for wagering on either the favorite or underdog in a sporting event. The practice of wagering on a line was encourages betting on both sides involved in the contest. Rather than just picking an outright winner, gamblers are able to wager on the final margin of victory, with the favorite needing to win by a certain number of points and the underdog needing to stay within a certain range of points. For example: Green Bay –6.5 means that Green Bay is the favorite and must win by at least 7 points. Chicago +6.5 means that Chicago is the underdog and has been “spotted” or “given” 6.5 points; if Chicago loses by 6 or fewer points, it is a winning bet (if Chicago pulls an outright upset, it is also a winning bet). Usually, there is a 10 percent “juice” that the house or sportsbook charges for line betting. For example: Green Bay –6.5 (–110) or Chicago +6.5 (–110) means you’d wager $110 for the chance to win an additional $100 if you bet on the point spread. Depending on which side is receiving the most action, a sportsbook will often move the line up or down in order to incentivize betting on the less popular side. Injuries or unforeseen changes can also impact a gambling line. Lines are often listed with a half-point (ex: 6.5) in order to prevent the final margin from landing exactly on the point spread (ex: 7-point spread, final score of 20–13). A “push” or “tie” usually goes to the house or sportsbook, unless another arrangement has been agreed upon beforehand.