The more positive a team's odds are, the bigger underdog they are. The moneyline odds of a team to win a game shows each team's implied probabilities to win. Underdogs are teams that are priced with positive betting odds to win an event. If a team is heavy moneyline favorites, their odds may be -600, meaning a $100 bet would pay out just $116. If a team is only a -120 favorite, a $100 bet would pay out $183. Depending on how heavily favored a team is determines the payout of a bet. If a team has negative odds, they are more often than not the favorite, unless the sportsbook has both teams as even. In most matchups, one team is always priced as the favorite to win the game. Moneyline odds show the confidence, or lack thereof, that bookmakers have in a team to win and it also plays a factor in determining the spread on a game. Also, the moneyline odds on an event tell sports bettors what the implied probability is for that team to win. The payout of a moneyline bet depends on the odds you get on a team to win. The other team will have positive odds to win, and they are the underdog. One team will have negative odds, and that team is the favorite to win. In the simplest terms, a moneyline bet is a wager on which team will win an event.
