![]() ![]() ![]() Selecting underdogs means risking $100 to win the amount stated in the moneyline, so betting on Ottawa in this situation means winning $250 in profit on a $100 bet. That translates to $150 risk for $50 in profit, or $30 for every $10. Thus, a moneyline bet on the Maple Leafs requires a $300 stake to win $100. ![]() To easily calculate how much you stand to win or lose on these bets, it helps to look at the moneyline relative to the number 100.īetting favourites on the moneyline means risking whatever the line says to win $100. The underdog will have a positive line, and the Senators (+250) receive that honour. In this game, that is the Maple Leafs (-300). The favourite will carry a negative line. Let’s take a look at an example from Caesars Sportsbook, a brand well known to many Canadian bettors.įirst, we need to identify the favourite and the underdog. All that’s needed is the team you select to be the winner, and the profits are yours. Betting the moneyline translates to picking which team will win the game. There is nothing simpler for a new bettor than moneylines. To help new bettors prepare for it, here’s how the two most popular bets in sports-the moneyline and the point spread- work. Rather than multiple sides included in every bet, each one is graded on its own. In short, you have a much better chance of turning a profit by placing single-game bets or props. While parlays have the potential to be profitable, they’re extremely difficult bets to win with any consistency. There are many advantages to single-game betting (as opposed to having access only to parlay bets). ![]()
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