What does plus 145 odds mean?

Positive moneyline: +145, +220, or anything similar 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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Betting on the pass line is the simplest craps strategy, and one most bettors make in a land-based casino. The house edge is a low 1.41% and winning pass line bets stand to make even money (1:1). Players can start this craps beginner strategy by betting on the pass line on the comeout roll.

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The Press strategy also goes by the name Press-and-Pull. With this craps strategy, players press their bets when the Place bet lands and pull their profits after the bet lands four times. Let's say a player wants to make a Place bet on 6. The payout odds are 7:6 on this bet, so the player makes it a $6 wager. If the dice land on 6, this bet pays out $7. In the Press strategy, the player will keep $1 and then ask the dealer to push it to $12. If the 6 lands before the point again, the player wins $14. With the Press strategy though, the player will want to add $4 to the bet and ask the dealer to press it to $30. If the dice land on 6 for a third time, the player will add $1 to the $35 winnings, bringing the Place bet total to $66. If the dice are thrown on a 6 for the fourth time, the player will receive $77 on that bet and pull their total winnings of $143 from the table. The point behind the Press strategy is for players to win large amounts with minimal investment from their bankroll. Instead, they use their winnings to effectively double their bets each round. In the example above, players only committed $10 from their bankroll. The catch with the Press strategy however is that the odds of landing a number three or four times in a row before a seven is slim. This is an aggressive craps strategy and players potentially stand to lose more than their bankroll with this method.

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