Point spread bets require teams to win by more or lose by less than a set number of points. Using Covers' moneyline calculator lets you see how much you can win from other moneyline odds values, as well as implied probability. This underdog bet will return $1.10 for every $1 wagered or $110 on a $100 bet. A +110 moneyline underdog has an implied probability of 47.62 percent to win, and because there is more risk in betting the underdog to win, you can win more than you risk. The weaker team is listed as the moneyline underdog and will have a positive value (+) with its odds, such as +110.
