Sports betting odds breakeven calculator

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It is usually written in terms of the home team, so if it’s Alabama Georgia and the spread is -3, that means Georgia is expected to win by 3 points. Spread: The points a team is expected to win or lose by.The team with the positive odds are the underdog. Seeing “+200” means you would win $200 if you bet $100, for $300 total. Seeing “-350” means that you’d need to bet $350 to win $100, plus your initial bet back, so $450 total.

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Usually you’ll see these formatted like “-350” or “+200”. Let’s talk moneylines and expected value, something that’s essential to understand if you want to stand a chance at profiting off sports betting in the long run.īefore I go into too much detail, let me just clarify some key terms for any new people to sports betting: Subscribe to get weekly content like this in your inbox. This is an excerpt from a recent edition of the Staturdays newsletter.

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