Media stories (could impact whom the public bets on).Action from the betting public (and professional bettors).The following factors can lead to betting lines being adjusting prior to the start of a game: Note that oddsmakers set an opening line, but odds can change between the time they are posted and when the game begins. For underdogs, the moneyline is what the bettor stands to win by risking $100. When it comes to favorites, the moneyline is the amount of money that bettors would need to risk to win $100. To make things easier to understand, look at moneylines relative to the number 100, and then break it down from there. For example, a team with a -200 moneyline would be the favorite, while a team with a +200 moneyline would be the underdog. Underdogs are the opposite and will have a plus sign. Even when two teams are evenly matched, the sportsbook will select one team as a “ favorite” and the other as an “ underdog.”įavorites have a better chance at winning the contest and have a minus sign accompanying their odds. They will “crunch the numbers” on all the significant factors in deciding which team is more likely to win a game. Moneyline odds don’t stop changing just when the game starts either.Īll major sportsbooks offer live betting now, including moneyline wagers.Bookmakers predetermine the odds (or lines) for each side. If the Eagles move from +7 to +6.5, the odds on the Eagles moneyline will also get worse. Since the spread and moneyline are connected, they typically will move in unison. Odds on moneyline bets will also shift if there are large amounts of spread bets coming in on one side. Eagles game mentioned above, sportsbooks will start offering worse odds on the Eagles relative to the opening line and better odds on the Cowboys to entice bettors to take the Cowboys. Once bets start rolling in, sportsbooks will change the lines to keep their positions relatively in the middle of the two sides.įor example, if a lot of bets come in on the Eagles in the same Cowboys vs. To create the opening odds on moneyline bets, bookmakers use tons of data, complex algorithms, and more. Odds on moneyline bets often change from the time they are first released to when the game starts. How Odds Are Set on Moneyline Bets & Change Over Time > Read More: What does +200 and -200 mean in sports betting? You can also use our Odds to Implied Probability Calculator to easily find the implied probability of any bet. To learn more about how to read sports betting odds (including Fractional and Decimal odds), check out our How to Read Betting Odds Guide. Just like the standard odds on spread bets is -110, sportsbook gives you slightly worse odds than what would be considered exactly fair because they need to make money. The numbers on moneyline odds aren’t even because the sportsbook charges a “vig” to take your bets.
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