When you bet on the point spread, it isn’t on who will win or lose. “A point spread bet has become more and more popular. If you decide to bet for the Packers, and you wanted to win $100, you would have to bet $120. You’ll need to make a $160 bet to be paid $100 in winnings if that team wins.Įxample: The Chicago Bears are playing the Green Bay Packers and the Packers are favored to win at -120.

If a team is shown -160 that means they’re a favorite (expected to win). If that team wins, your $100 bet will win you an additional $120. If a team is +120, this means they are the underdog. Reading the odds for a money line bet is simple. The signs help you quickly figure out how each side will pay, if that side wins: The minus sign means the payout will be less than the original bet, the plus means the payout will be more than the original bet. The underdog team on the moneyline is the team that’s expected to lose, usually listed with a plus “+” sign. This side of the bet is usually denoted with a minus “-” sign. The favorite team is the team expected to win.

It’s as simple as picking the winning team,” he said.

“A wager on the moneyline is one of the most basic bets you can make. Sansone says there are four main types of bets that Illinois residents will be able to make. “The sports betting terms can intimidate even the biggest sports fan, but with a few pointers, you can have a lot of fun and win some money-and you don’t even have to bet against your favorite team, even if they are the underdog,” Sansone said.Īs Illinois prepares for sports betting to begin in time for college basketball’s “March Madness” tournament, BetRivers’ Sansone, known to some as “Rivers Ross” is providing a “Sports Betting 101” outline of the basics for each bet that can be made and definitions of common terms. At Rivers Casino Des Plaines’ soon-to-be-open BetRivers Sportsbook, resident expert Ross Sansone is making it simple for you. Sports betting master “Rivers Ross” offers tutorialĭES PLAINES, IL (March 2, 2020) - Don’t know your over-under from your moneyline and confused about how to parlay your interest in sports with placing a bet at a newly legalized Illinois sportsbook? Fear not.

Betting what does plus and minus mean