Moneyline betting is one of the most popular forms of sports betting because it is consistently applied across a plethora of sporting events. However, a lot of sports have different terms for the moneyline. There is also the possibility of contests ending in a draw or a tie, which offers an alternative payout structure for bettors. Let’s explore the moneyline for the NFL, NBA, mlb daily odds, and NHL in more depth. With favorite and underdog defined through plus and minus signifiers, we can proceed to the concept of finding the implied probability. Implied probability is found using the implied probability calculator, or moneyline calculator, to convert the moneyline odds for each team into an implied chance of winning percentage. Converting the odds into the implied probability percentage will reveal whether or not there is value attached to placing the wager. In the following example, American odds (positive and negative) are used due to their frequent occurrence in most Western sports betting markets. 1. Moneyline For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a 180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at 180, the payout would be $280 because they are an underdog. DISCLAIMER: This site is 100% for entertainment purposes only and does not involve real money betting. Parlays are by far the most popular of the exotic wagers, as they offer the potential for a big payout on a small wager. Simply stated, a parlay is a collection of two or more sides or totals that you bet on and all of them must win in order for you to win your bet. If you place a four-team parlay, going 3-1 is no different than going 0-4. All of your bets must win, or at least tie, in order for you to win. Let’s say the New York Knicks are playing the Los Angeles Lakers and you’d like to bet on LA.