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A moneyline is simply a bet type that only includes odds, as in odds to win . Example: a moneyline of +150, is just +150 odds ($100 to winR$150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to winR$100) for the listed team to win.
Moneyline Bets - How to Bet 101 - DraftKings Sportsbook
sportsbook.draftkings : help : how-to-bet-moneyline
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1
Calculate the implied probability of each outcome based on the odds offered by bookmakers. ...
2
Subtract the amount you bet from each of these values to get the expected value for each outcome.
3
Focus on bets with positive expected values, indicating a long-term profit potential.
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  • This means for every $10 you want to win on a spread bet, you have to bet $11. If the odds were even (also represented as +100 in American sports betting), an $11 bet would have a payout of $11 (so a total return of $22).
    What Do The Sports Betting Odds Mean - Forbes
    forbes : betting : what-do-sports-betting-odds-mean
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    Decimal odds explained\n\n For example, a $100 bet made at decimal odds of 3.00 would return $300 ($100 x 3.00): $200 in profit and the original $100 amount risked. A $100 bet made at decimal odds of 1.50 would return $150: $50 in profit and the original $100 amount risked.
    Free Betting Odds Calculator & Moneyline Converter - Covers
    covers : tools : odds-converter
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