Odds 150
Penn State is coming off a rocky season, but lands at 45-1 odds, directly ahead of Michigan. Indiana, coming off a strong 6-2 campaign, lags behind at 150-1 — same as Northwestern, Iowa, Arizona. Find the latest odds for all 30 teams to win the NBA Championship, and see how each team's championship odds have changed throughout the 2020-21 NBA season. Bet on this weeks Golf with Betfair. Join Betfair and bet with the best odds. We also offer Casino, Poker, Games and Bingo. Minus odds in UFC betting shows us who the favorite is and the number represents the amount of money you would have to wager in order to win $100. Plus odds in UFC betting shows us who the underdog is and the number represents the amount of money you would win if you wagered $100.
The legal sports betting world is changing. Quickly.
New states are opening their arms to the world of legal sports betting and are opening opportunities for you to take part in making legal sports bets on your favorite teams in casinos, race tracks and through online betting.
Part of our goal at SportsbookWire is to educate the new and/or casual sports bettor on the typical terms around legal sports betting and the various nuances that go into making a sports bet or wager.
In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.
Here are some negative money line examples:
The New England Patriots are -500 against the Buffalo Bills. If you’re betting the Patriots, you would need to wager $500 in order to win $100 if your bet is correct with the Patriots winning.The New York Yankees are
-200 to beat the New York Mets. If you are betting on the Yankees, you need to wager $200 to win $100 if your bet is correct with the Yankees winning.The Tampa Bay Lightning are 1500m Odds
-400 to beat the Detroit Red Wings. If you’re betting on the Lightning to win, you need to wager $400 to win $100 if your bet is correct with the Lightning winning.It’s actually pretty easy and we’re sure you get the point here.
Fractional odds of 1/2 and decimal odds of 1.5 are also equivalent in this scenario.
A negative money line is also considered as the favorite – or chalk pick – by the oddsmakers.
We’ll get into that more in other pieces, but the heavier the team, player, situation or bet in general is favored to succeed, the higher the negative money line.
For example…
Betting Odds 150
In the first round of the 2018-19 NBA Playoffs, the Golden State Warriors money line was -20000What Does +250 Odds Mean
to beat the Los Angeles Clippers. That means you would need to have wagered $20,000 to win $100 if the Clippers won.Kind of ridiculous, right? That’s how heavy the Warriors were favored over the Clippers … the sports books don’t want you making that bet, because it was expected to be an easy Warriors win.150 Odds
If you’re looking for more educational information on sports betting and terms around such, be sure to check out our How to Bet on Sports 101 section for a variety of betting definitions, betting terms and sports betting strategies to help you build your bank account.