What does +350 money line mean?

The moneyline odds are on the far right. The -475 for the Chargers means that you would have to risk $475 to win $100. The +350 for the Texans means that you would win $350 if you risked $100.

oddsjam.com - What is a Moneyline Bet - Meaning, How Does it Work - OddsJam

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No matter which sportsbook you use they will always make the calculations easy for you to read. But, if you want to know the formula for favorites and underdogs behind the odds please see below.

Moneyline Favorite:

Multiply the amount you want to win by (moneyline odds / 100)

So, for that Chargers -475 example, let’s say you want to win $50.

$50 * (475/100) = $237.50.

So, you would need to risk $237.50 on the Chargers moneyline at -475 odds to profit $50.

Moneyline Underdog:

There are two ways to calculate the odds for an underdog, depending on what number you want to get – the amount you will win based on a wager, or how much you need to wager to win a specific amount. Multiply your wager by (moneyline odds / 100), OR divide the amount you want to win by (100 / moneyline odds). So if you want to bet $50 on the Texans, the formula would be the below.

$50 * (350/100) = $175

So, a $50 bet would win $175.

Now, let’s say you want to win $100. That would look like the below.

$100 * (100/350) = $28.57

This means that you would need to risk $28.57 to profit $100 with the +350 odds.

What Happens if You Bet $100 on a -140 Moneyline?

In this scenario, you’d be betting on a favorite in, so you’d win less money than you risk. A $100 risk at these odds would profit $71.43, which would be your profit. The overall return would be $171.43, since a win returns your stake.

A -140 bet has a mathematical probability of 58.33% to hit.

What is the Juice in Moneyline?

As detailed in our article on juice in sports betting, juice is essentially the tax that sportsbooks charge on a given bet to ensure they remain profitable. And yes, there is juice in moneyline bets. It is essentially the difference between the two moneyline odds. Generally, sportsbooks are going to have higher juice on the favorite because they understand the psyche of a bettor is to want to bet on the favorites. Let’s choose a different game where the odds aren’t as dramatic.

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