Moneyline odds explained: plus, minus and what you get paid
A moneyline bet is a pick of who wins. The number tells you the price: a plus number is the profit on $100, a minus number is what you risk to win $100.
Reviewed Oct 14, 2026
Answer first
90s| Odds | Bet | Profit if it wins |
|---|---|---|
| +150 | $100 | $150 |
| +250 | $40 | $100 |
| −150 | $150 | $100 |
| −110 | $110 | $100 |
| −300 | $30 | $10 |
| +100 (even) | $50 | $50 |
Key numbers
Read the sign first
In short
Key takeaways
- Plus odds show profit on $100. Minus odds show what you stake to win $100.
- Every price converts to an implied chance of winning. −150 means about 60%; +150 means 40%.
- The two sides of a market add up to more than 100%. The extra is the sportsbook’s margin.
- A moneyline ignores the score margin. You need only the winner, unlike a point spread.
Pay table
Price, implied chance and decimal odds
Glance before you bet
| American | Implied chance | Decimal | Fraction |
|---|---|---|---|
| −300 | 75.0% | 1.33 | 1/3 |
| −200 | 66.7% | 1.50 | 1/2 |
| −150 | 60.0% | 1.67 | 2/3 |
| −110 | 52.4% | 1.91 | 10/11 |
| +100 | 50.0% | 2.00 | 1/1 |
| +150 | 40.0% | 2.50 | 3/2 |
| +200 | 33.3% | 3.00 | 2/1 |
| +400 | 20.0% | 5.00 | 4/1 |
Decimal odds include your stake in the return. American odds show profit only.
Sequence
Convert any moneyline in your head
Step 01
Minus price to chance
Divide the price by (price + 100). −150 → 150 ÷ 250 = 60%.
Step 02
Plus price to chance
Divide 100 by (price + 100). +150 → 100 ÷ 250 = 40%.
Step 03
Minus price to payout
Profit = stake × 100 ÷ price. $60 at −150 wins $40.
Step 04
Plus price to payout
Profit = stake × price ÷ 100. $20 at +250 wins $50.
Step 05
Find the margin
Add both sides’ chances. 52.38% + 52.38% = 104.76%, so the book keeps about 4.55%.
Disagreeing counts
One $100 bet on each side of a −110 game
220
USD staked
Two bettors
Each risks $110 to win $100 on opposite sides.
210
USD returned
Winner only
The winner gets the $110 stake back plus $100 profit.
10
USD kept
Sportsbook
About 4.55% of the $220 handle, with no risk to the book.
This is why −110 is called the standard vig: balanced action pays the book either way.
Floor rules
Words around moneyline bets
Know before you sit
- Favorite
- The side with the minus price. Expected to win, pays less.
- Underdog
- The side with the plus price. Pays more because it wins less often.
- Pick’em
- Both sides near even, such as −105/−105.
- Vig or juice
- The margin the book builds into the prices.
- Line move
- A price change after money or news arrives. Your ticket keeps the price you took.
Why prices move
Sportsbooks open a price and then move it when money or news arrives. If most bettors back the favorite, the book shortens its price to balance its risk.
Your ticket keeps the price at the time you bet. Shopping between licensed apps for the best price on the same side is the simplest way to lower your cost.
Prices also differ between apps at the same moment. A team at −120 on one app and −110 on another costs you about 2% more on the first, for the same outcome.
Keep reading
Related pages
- Indianapolis 500 event markets →Apply American odds to an oval-race winner or a driver matchup.
- Moneyline vs spread vs parlay →Pick the bet type that fits the game.
- How parlays work →What happens when you chain picks together.
- How online sports betting works →Accounts, geolocation and payouts.
- Sports betting taxes in the US →When a win shows up on a tax form.
Go play
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Tap a resort — each row opens that casino’s White Gambling page (hours, game mix, floor facts). Venues with this game in official counts, sorted high to low.
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Questions before and after you play
A 90-second guide cannot cover every table moment. Tap a group, then a question — answers are short paragraphs, not one-liners.
01Moneyline basics
What does +200 mean in betting?
A +200 price pays $200 profit on a $100 bet, so you get $300 back in total. It implies a win chance of about 33.3%. Any stake works: $10 at +200 wins $20.
What does −110 mean?
You risk $110 to win $100, or $11 to win $10. It implies a 52.38% chance. Two sides both priced at −110 is the classic market where the book keeps about 4.55%.
Is a moneyline bet the same as a straight bet?
A moneyline is a straight bet on who wins. Spread and total bets are straight bets too, but on a margin or a combined score. A moneyline only cares about the winner.
How do I calculate moneyline payout?
For a plus price, multiply your stake by the price and divide by 100. For a minus price, multiply your stake by 100 and divide by the price. Add your stake back for the total return.
Why are favorites priced at −300 or more?
A −300 price says the favorite should win about 75% of the time. You stake $300 to win $100. Big favorites still lose often enough that betting them blindly does not beat the margin.
02Ties and rules
What happens to a moneyline bet if the game ties?
In two-way markets such as NFL moneylines, a tie is usually graded as a push and your stake comes back. In three-way markets the draw is its own outcome, so team bets lose. House rules for each sport are posted by the sportsbook.
03More questions
How do I convert American odds to decimal?
For plus odds, divide by 100 and add 1: +150 becomes 2.50. For minus odds, divide 100 by the number and add 1: −150 becomes 1.67. Decimal odds show your total return per $1, including the stake.
What is a good moneyline bet?
A bet is only good if your chance of winning is higher than the price implies. At −150 you need the team to win more than 60% of the time. Without an edge, the margin means you lose slowly over time.
Sources
- American Gaming Association — Sports betting Not from a registry (Reference source, not an official registry) · accessed Oct 14, 2026State-by-state sports betting map
- Wizard of Odds — Sports betting odds converter Not from a registry (Reference source, not an official registry)The gaming industry’s standard reference for casino-game math, by actuary Michael Shackleford. Not an official registry; our calculators compute these numbers independently. · accessed Oct 14, 2026American, decimal and fractional odds math
- National Council on Problem Gambling — Help and resources Not from a registry (Reference source, not an official registry) · accessed Oct 14, 2026Free, confidential help: call or text 1-800-GAMBLER
- New Jersey Division of Gaming Enforcement — Sports wagering · accessed Oct 14, 2026Licensed sportsbooks and house rules oversight