Betting Odds Negative

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  1. That's also equivalent to fractional odds of 2/1, decimal odds of 3.00, and implied odds of 33.33 percent. A negative money line of -200 means that you would have to wager $200 in order to win $100. Why would you bet on negative NFL odds?
  2. In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct. Here are some negative money line examples.
  3. Positive odds are displayed with a (+) and show the potential winnings on a $100 bet, while negative odds are shown with a (-) show the amount you’d need to bet in order to win $100. How does each way betting work in horse racing?
Betting Odds Negative

The legal sports betting world is changing. Quickly.

Betting Odds Negative

If a bookie offers odds of 1.90 for heads, the value of that bet is negative 5%, whereas if a bookie offers odds of 2.10, the value of that bet is + 5%. In this example, 2.10 are too high odds for a coin toss, so they give you, the player, an edge.

New states are opening their arms to the world of legal sports betting and are opening opportunities for you to take part in making legal sports bets on your favorite teams in casinos, race tracks and through online betting.

Part of our goal at SportsbookWire is to educate the new and/or casual sports bettor on the typical terms around legal sports betting and the various nuances that go into making a sports bet or wager.

In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.

Here are some negative money line examples:

The New England Patriots are -500 against the Buffalo Bills. If you’re betting the Patriots, you would need to wager $500 in order to win $100 if your bet is correct with the Patriots winning.The New York Yankees are -200

Betting Odds Negative Numbers

to beat the New York Mets. If you are betting on the Yankees, you need to wager $200 to win $100 if your bet is correct with the Yankees winning.The Tampa Bay Lightning are -400 to beat the Detroit Red Wings. If you’re betting on the Lightning to win, you need to wager $400 to win $100 if your bet is correct with the Lightning winning.

It’s actually pretty easy and we’re sure you get the point here.

Fractional odds of 1/2 and decimal odds of 1.5 are also equivalent in this scenario.

Betting Odds Negative Points

Betting Odds Negative

A negative money line is also considered as the favorite – or chalk pick – by the oddsmakers.

We’ll get into that more in other pieces, but the heavier the team, player, situation or bet in general is favored to succeed, the higher the negative money line.

For example…

Negative

Betting Odds Negative

In the first round of the 2018-19 NBA Playoffs, the Golden State Warriors money line was -20000 to beat the Los Angeles Clippers. That means you would need to have wagered $20,000 to win $100 if the Clippers won.Kind of ridiculous, right? That’s how heavy the Warriors were favored over the Clippers … the sports books don’t want you making that bet, because it was expected to be an easy Warriors win.

What Does It Mean When Betting Odds Are Negative

If you’re looking for more educational information on sports betting and terms around such, be sure to check out our How to Bet on Sports 101 section for a variety of betting definitions, betting terms and sports betting strategies to help you build your bank account.