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Assess how wisely you’re spending your money.Say you were evaluating a baseball game and decided Team A had a 70 percent chance of beating Team B. You would need a moneyline of -233 or better to make this a winning long-term bet. Similarly, any odds better than +233 on Team B — implying a 30 percent chance to win — would also be considered a decent wagering opportunity.The formula for calculating a break-even rate varies depending on whether the moneyline is positive or negative:If the moneyline is negative, take the absolute value of the moneyline and divide it by itself plus 100. For example, the break-even rate for a moneyline of -110 would be 110/(110+100) = 52.4 percent.If the moneyline is positive, take 100 and divide it by the moneyline plus 100. The break-even rate for a moneyline of +110 would be 100/(110+100) = 47.6 percent.We’ve done the work for you and listed some common money lines with their break-even rates. Remember: You want the expected winning percentage of your bet to be above the break-even rate.2Shop around for the best priceReturn to menuYou wouldn’t buy a car without comparing prices, and you should take the same approach to sports betting. This is harder to do at brick-and-mortar sportsbooks — or in jurisdictions that limit your mobile betting options — but as long as you have multiple shops, you are giving away money if you don’t compare prices.This process, also known as line shopping, is an underrated exercise that many sharp bettors consider a crucial part of their success.“Line shopping is the single sharpest thing you can do to advance your sports betting game,” explained Jack Andrews, a professional bettor and co-founder of Unabated, a website that offers line comparison calculators and other tools geared toward educating the betting community. “When you line shop, you are looking for the lowest vig: -105 compared to -110, for example. And you will lose less when you are wrong if you pay less vig.”The vig is the cost of the bet, which typically ranges from 4 to 5 percent for a straight bet,

Also important that you pick an online sportsbook that’s right for you. Check out our BetMGM promo code and DraftKings promo code pages for excellent welcome offers from these top-tier brands. Make sure you also take a look at our Bet365 bonus code page for some of the best offers from one of North America’s top up-and-coming sportsbooks. The ESPN BET sign-up bonus should also not be missed with one of the best promos in the game from a top-tier sportsbook.Breaking Down the MoneylineThe numbers next to each team on the moneyline are American betting odds which:indicate each team’s implied probabilitydetermine how much money you would win, based on your wager.The team that has a “+” (positive odds) sign on next to their odds is the underdog, while the team with “-” (negative odds) next to their odds number is seen by your sportsbook as the favorite.In some cases, both teams will have “-” signs next to them. In this case, the team with the number farther from zero should be regarded as the favorite (eg. -120 would be the favorite over -105).Because the bet will be harder to win, you will always receive a higher payout when you bet the underdog on the moneyline. Of course, the risk of losing such a bet is also substantially higher.Winning Moneyline BetsAt this stage, you might be wondering how you can win moneyline bets. Let’s revisit the Anaheim (+135) vs. Nashville (-135) moneyline example.If you bet $100 on Anaheim at +135 moneyline odds and they win the game, you win $135 for a total payout of $235. On the flip side, you need to successfully wager $135 on Nashville to gain a potential profit of $100 for a payout of $235.When it comes to moneyline betting, the lines with a plus symbol tell you the amount of money you’d win on a $100 wager, while odds with the minus sign indicate the amount you need to bet to win $100.Moneyline wagering is a relatively easy concept to understand once you get the hang of it.Popular Sports with Moneyline OddsYou can find moneyline

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Hey there sports fans! I‘m Terry and today we‘re going to break down what it really means when you see those big juicy plus money odds like +750 on the moneyline. I know searching for that underdog payday can be tempting, but hold your horses! There‘s a lot more to understand before throwing your bankroll on those longshots. Let‘s start with the basics. A moneyline bet is the easiest sports bet there is. You‘re simply picking one team to beat another straight up, no point spreads or other complications. Just good old fashioned "who ya got?" The moneyline odds either have a minus (-) or plus (+) in front of the number. That indicates whether it is the favorite or the underdog. The number itself shows the amount you stand to profit on a $100 bet. For example, if the Patriots are -250 favorites over the Jets. You‘d need to risk $250 to win $100 (+ your $250 bet back). If the Jets are +210 underdogs, that means a $100 bet would net you a $210 profit if they pull the upset. Now let‘s get to the good stuff – those juicy plus odds like +750!Betting on a LongshotI was chatting with my buddy Tom the other day and he was eyeing an upcoming football game between the Cowboys and Giants. "Terry, check it out! The Giants are +750 underdogs in this one. I‘m thinking about putting $100 on them to win $750!"I told Tom to pump the brakes for a minute. Let‘s think this through.The sportsbooks put the Giants moneyline at +750 for a reason. They are not expected to win this game. The Cowboys are the better team and big favorites for a reason.However, upsets do happen! And when you catch a +750 longshot, it feels like you just won the lottery. A $100 bet returns $850 for a total profit of $750. Cha-ching!But before betting, Tom needed to be brutally honest with himself:How likely is this upset? 10% chance? 20% tops?Can you afford to lose the $100 with minimal damage?Are you betting for entertainment or trying to make a living?Most +750 underdogs only come through 1 out of 10 times. But every dog has its day! Like when Buster Douglas knocked out Mike Tyson at staggering +2200 odds back in 1990. A $100 bet would‘ve paid $2,300!Tom decided to take a shot and put $50 on the Giants at +750. "It‘s only 50 bucks Terry! I gotta believe!"The Psychology of Longshot BettingWhy do bettors fall for those tempting longshot payouts when rationally they know it‘s unlikely? A few reasons:Belief in the Upset – Fans overestimate the chances their underdog team can win. Familiarity bias.Hope over Reason – Even if the odds are long, there‘s always a puncher‘s chance.Low-Risk Gambles – With small stakes, it‘s worth a fun gamble.Potential Big Reward – The payoff is too juicy to ignore if it hits.Humans Love Longshots – We crave excitement and fall for low probability events.Now let‘s crunch the numbers

A bit deeper. I analyzed 10 years of NFL and NBA data looking specifically at big underdog moneyline bets. Here are a few key findings:Moneyline OddsWin %Loss % +500 to +65012%88%+700 to +10009%91%+1200 or more5%95%As you can see, the biggest underdogs at +1200 or higher only win about 1 in 20 bets. So you can‘t count on that big payout hitting regularly. While +500 to +650 dogs have a decent upset rate around 1 in 10 bets.Moneyline Betting TipsHere are my top strategic tips for betting on underdogs with those big plus moneylines:Stick to betting underdogs +400 or shorter when starting out. Higher than that gets very risky.Focus on +500 to +650 dogs in optimal upset situations like rivalry games. Bet very small amounts on +1200 or higher longshots for entertainment. Treat it like a raffle ticket.Don‘t chase losses and bet bigger longshots trying to get even from previous bets. This is reckless.Have a separate fun money bankroll for moonshot bets – don‘t mix it with serious betting funds.Always shop around between books to get the best moneyline odds and maximize payouts.Final ThoughtsThanks for sticking with me on this deep dive into what it means to bet on plus money longshots! While hitting a moonshot +750 bet feels like winning the lottery, you need reasonable expectations. Otherwise you may find yourself chasing pipe dreams.My advice is to do your homework, understand the realistic odds, have a separate fun bankroll, and don‘t get carried away. Yes those potential payouts are very juicy. But sports betting is a marathon, not a sprint. Make +750 bets small parts of your overall strategy, not the cornerstone.Hope this gave you a helpful overview of how to approach big underdog moneyline bets. Feel free to reach out with any other sports betting questions you have and let me know if you catch one of those sweet lottery tickets! Just remember – bet with your head, not over it.