A sportsbook will set the odds for a preferred total score of points added up by both teams: These bets are also called over/under bets.

Totals betting allows you to make money on a team even if they don't win, and doesn't look at the individual team's performance. Use our American odds calculator to check potential gains.

If the team you want to bet on has +200 odds on the moneyline, they're the underdog, and you'll win an even $200 (ending up with $300 in your pocket as your payout).

(You keep your stake, so you'll end up with $150 in your pocket if you win.)

If the team you want to bet on has -200 odds on the moneyline, they're the favorite, and you'll win $50 if you bet $100.

Moneyline bets are essentially bets on one thing to happen, usually the team to win. Let's say you're looking at two teams competing in a sporting event. There are few key types of bets: Betting odds example: Moneyline These are negative/positive values that indicate how much a bettor can win based on a $100 bet.

Reading betting odds on your standard sportsbook in the US, you'll probably be looking at American odds.

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