Vegas Odds Legend
Football Vegas Odds
Line – This displays the amount by which the team is favored or an underdog. A negative value indicates the team is favored. For example, if Jacksonville has a spread of 17, that means they are expected to lose by 17 points. However, if their spread was -17, it would indicate that they are favored by 17 points.
Moneyline – This value indicates how heavily a team is favorited to win. A negative value indicates a favorite, and the larger the number, the bigger a favorite that team is.
Over/Under – The total points expected to be scored in the game.
Projected Points – Projected score for that team.
Baseball Vegas Odds
- Over/Under Lines over 9 are shown in green
- Over/Under Lines under 7 are shown in red
- Spread (Runline for MLB) – Vegas Spread. For MLB, spreads are all set to either +1.5 or (-)1.5. If a team is +1.5, they are the underdog by 1.5 runs. If a team is (-1.5) they are favored by 1.5 runs.
- Spread Moneyline (Spread ML)- Moneyline associated with the spread. If a team is +1.5 on the spread with a (-180) moneyline, it implies that there is a 65% chance that the given team covers the 1.5 runs associated with the spread.
- Game Moneyline (Game ML) – The moneyline associated with betting purely on the winner and loser with no spread. If a team is -200 on the game moneyline, Vegas odds are saying they have a 67% chance of winning. If a team is +150 on the game moneyline, the odds say that team has a 40% chance of winning.
- Pitchers with names in Green are Favored
- Total Runs – The total over/under for runs scored as projected by Vegas for BOTH teams combined.
- Projected Runs (Proj. Runs) – Projected runs is calculated using an algorithm based on the spread moneyline probability percentage described above and the over/under odds for that particular game.
Further Describing the Moneyline
There is a money line associated with all of these figures that shows which is favored. For example with a spread that looks as follows:
Red Sox +120
Yankees -130
The Yankees are favored, as signified by the (-) negative denotation. The Red Sox are the underdogs as signified by the (+) denotation. The -130 for the Yankees means that you can bet $130 on the favored team in order to win $100. Thus, the higher the value above -100(i.e -150,-160) the more favored that team is. The +120 for the Red Sox means that you can bet $100 to win $120 on the underdog. The higher the value over +100 is(i.e 150,160) the less likely they are to win, as predicted by the odds-makers.
The money line for over/under and hits+runs+errors is the same. If a game has an O/U line of 8 runs and the money line on the O(over) is -110 then you can expect that the odds-makers are favoring a high scoring game above the 8 run line.