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Also, you will receive your initial bet amount of $100 as well, for a total of $275 in your hand. This also means that your wager won’t profit as much as it would if it was a positive number. For instance, a $100 wager on +220 odds would return a profit of $220. However, a team with -220 odds would require a $220 bet to return a profit of $100. Moneyline betting is ideal for times when you’re not convinced the favorite will cover the spread, but you still think they’ll win. (more…)
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