The names of this bet type are completely interchangeable, and you will hear one or the other depending on where you live in the world. Moneyline is much more common in the US while the term win bet is much more common in other parts of the world.

Selection Is Key. In the same way the real estate is about location, location, location, betting on the. Moneyline bettors don’t care about how many points that games are won by or how many total points are scored. In most sports, one team wins and one team loses. Your job in moneyline betting is to pick the winner of the game, match, race or event. If they win, you win. Moneyline betting is also called straight-up betting. This is the most basic way to bet because you are simply picking a team to win. When you visit your sportsbook of choice, you’ll see NFL moneyline betting odds that look something like this: In this case Atlanta is the favorite and New Orleans is the underdog. Whilst the spread bet is on a team to win and by how many, the money line is a bet on simply a team to win. Money Line – How it Works. Here is a typical money line for a game in the NFL: Green Bay Packers +180 Pittsburgh Steelers -200. When a sportsbook sets a money line, they’ll base the odds on the probability of a team winning the game, and in the majority of cases one team will be favored (unless. Moneyline bets are one of the most common ways to bet on sports. Betting on the money line means you’re betting on one team to win the game. What makes the money line unique is that the casino offers odds on each team based on their chances of winning. You’ve probably seen betting lines that look something like: New York Mets -130.

A moneyline/win bet is a simple wager on who will win a game, race, match, contest, or a fight. It’s really that simple on the surface. If you’ve bet on a team to win the Super Bowl, you’ve to place a moneyline/win bet. If you’ve bet on a boxer of UFC fighter to win a fight, you’ve placed a moneyline/win bet.

Moneyline bets can be presented in three different formats including moneyline, decimal, and fractional. While these will look very different, they will tell you the exact same information about the bet including who you are betting on, who the favorite or underdog is, and what the potential payout you would receive from a correct pick. We will cover all of this in the next few sections.

At this point, all you need to take away from this section is that moneyline/win bets are a simple bet on who the winner of a particular sporting contest will be.

As we mentioned, moneyline/win bets take into account who the favorites and who the underdogs are and will pay out winning bets accordingly. Here’s a quick example that will make this clear. Imagine that Mike Tyson (one of the greatest boxers of all time) is going to fight against an 80-year-old man. If the sportsbook let you bet on either side of the fight and paid you the same, would that be fair?

Of course, it wouldn’t be. Everyone would bet on Mike Tyson, and the sportsbook would lose all of their money and close the next day. So what the sportsbooks do is they assess who is the favorite and who is the underdog and assign a value to how much in each direction they think they are. Let’s look at what the odds might look like for our fictitious fight and break down what everything means.

This is exactly what the moneyline odds would look like in a sportsbook. Remember, in other parts of the world they may be represented in a different format which we will cover later. They will still mean the same thing and give you the exact same information.

The first part of each line tells you who you are betting on. The first line is a bet on Mike Tyson and the second line is a bet on Old Man River. Next, you’ll see a plus or a minus sign. The plus sign signifies the fighter who is an underdog, and the minus sign signifies the fighter who is the favorite. As you can see, Mike Tyson is the favorite and Old Man River is the underdog.

The number after the plus or minus sign will tell you how much of a favorite or underdog the bet is. The bigger the number, the bigger the favorite or underdog. For example, a team that is -1400 is a much bigger favorite than a team that is -150. A team that is +900 is a much bigger underdog than a team that is +550.

As we mentioned, how big of a favorite or underdog a player or team is will also tell you how much you can expect to receive as a payout for a correct pick. We will cover this in full in the Calculating Your Potential Payout section below.

Different Moneyline/Win Bet Formats

The term moneyline is actually somewhat misused in sports betting as it really just means a type of odds format. Technically, it is a way to represent the odds/payouts for a win bet, but we’re not going to split hairs. What we’d like to point out is that the odds on each participant in a sporting contest can be listed in one of three different formats.

Each of these formats will be the exact same bet with the exact same payout. Different parts of the world just tend to favor one over the over. The US tends to favor the moneyline format while the rest of the world is split between the decimal and fractional formats.

Most online sportsbooks (if they’re a good one) will give you the option of converting the betting odds into whichever format you prefer. Let’s look at some sample odds and how they would be presented in each of the different formats.

Sometimes these are referred to as American odds or just “the odds” by sports bettors. As you can see, these are what we worked through in our above examples. Miami is a slight favorite, and the Celtics are a slight underdog.

Personally, we feel that decimal odds are the easiest to work with as you will see when we get to the section on calculating your payouts. Notice there are no plus or minus signs. You determine who is the favorite and who is the underdog based on the number in relation to the number 2.

Again, the distance away from 2 in each direction will tell you how big or small of a favorite or underdog the team is. The further away, the bigger the underdog or favorite. A team that is 3.5 is a bigger underdog than a team that is 2.6. A team that is 1.1 is a bigger favorite than a team that is 1.8.

Fractional odds are a nightmare for some people especially if they have bad dreams about math class from school. If you don’t like the fractional odds, all you have to do is solve the fraction and add 1 to it, and you will have the decimal odds.

For example, 13 divided by 20 is 0.65. Add 1 to that, and it is 1.65. 29 divided by 20 is 1.45. Add 1 to that, and it is 2.45.

One of the biggest perks of sports betting online is that almost every site will automatically calculate your potential payout for you. This allows you to quickly see if a bet is offering you the payout that you want or if the reward is worth the potential risk.

For some of you, though, you’ll want to know how to calculate these payouts yourself. One, it helps to understand what’s going on a lot more and two, it helps you if you are ever betting in a brick and mortar setting where they do not calculate your potential payout for you until you wait in line and place your bet.

We’re going to walk you through how to calculate your payouts with each different type of odds format. We will use the same example of the Miami Heat and the Boston Celtics from above for each format to help illustrate that the payouts are exactly the same with each.

When calculating the payouts from the moneyline format, we have to do things just a little differently depending on if the team or player is a favorite or underdog.

If the team is an underdog, then the moneyline number represents exactly how much you would get paid in profit for a correct pick. So if we were to bet $100 on the Boston Celtics and won, we would get paid $145 in profit. Seems easy enough, but you may already be asking what happens if you don’t want to bet in increments of $100. This is totally fine and still straight forward to figure out.

We need to figure out how much profit we will get per dollar we are going to bet and then multiply that by how many dollars we are going to bet. If we divide the moneyline number by 100, it will tell us how much profit we will get for every $1 we bet. So, 145/100 = $1.45. For every $1 we wager, we will get paid $1.45 in profit for a correct prediction.

To calculate how much we will get paid on any bet, we multiply the size of the bet by the amount we will get per $1 bet. So, if we wanted to bet $10, we would multiply $10 by $1.45 and get a profit of $14.50. If we wanted to bet $250, we would multiply $250 by $1.45 and get a profit of $362.50.

We’ve already learned that the moneyline number for an underdog is the amount we would win if we bet $100. For favorites, the moneyline number is the amount we would have to BET to win $100. So, in our above example, if we wanted to win $100 in profit betting on the Miami Heat, we would have to wager $155.

As we did with the underdogs, we need to figure out how much we will profit for each $1 that we wager. For underdogs, we divided the moneyline number by 100. For favorites, it is the exact opposite. We will take 100 and divide it by the money line number. So, for this example, we will take 100 and divide by 155 and get about $0.645 or about $0.65 in profit for every dollar that we bet.

To calculate our potential profit, we take that number and multiply it by the size of our bet. So, if we wanted to make a $10 wager, we would multiply $10 by $0.65 and get a potential profit of $6.50. If we were to bet $250, we would multiply $250 by $0.65 and get a profit of $162.50.

Calculating the payouts for decimal odds is much easier than it is with moneyline/American odds. You do not have to account for whether or not the team or contestant is a favorite or an underdog. The calculations are exactly the same.

To calculate your potential payout, you multiply the size of your bet by the decimal. That’s it. If you want to be $10 on the Heat, you would multiply $10 by 1.65 and get $16.50. Now, you may be freaking out right now saying that in our previous example we got $6.50 and now we’re getting $16.50. The difference here is that the decimal calculation will tell you your TOTAL payout which will include the return of your original wager. You will be receiving $6.50 in profit and the $10 from your original bet.

If you want to turn this number into your profit only, just subtract out your original bet. So $16.50 – $10 = $6.50 in profit.

Let’s look at betting $250 on the Celtics to make sure it matches up with our other examples. We should show a profit of $362.50 as per our earlier calculations. Let’s see if it works correctly.

$250 x 2.45 = $612.50. Again, that is our total payout so let’s subtract our $250 original bet to get our profit. $612.50 – $250 = $362.50. Again, this is the exact same payout as with the other odds formats.

This is the format that terrifies people the most. We can promise you that fractions aren’t as scary as they seem if they’re explained properly. Here is the easiest way to calculate your profits and payouts with fractional odds. Solve the fraction and then multiply that number by your bet size to get your potential profit. If you can’t remember how to solve fractions, it’s ok. Don’t look at it as a “fraction” but more as a division problem. 13/20 is the same as 13 divided by 20. 29/20 is the same as 29 divided by 20.

So to solve the first fraction for the Heat, we do 13 divided by 20 and get 0.65. Let’s look at our calculations for the $10 bet and the $250 bet. If we bet $10, we multiply our solved fraction of 0.65 by $10 and get $6.50. This is our correct profit! If we bet $250, we multiply our solved fraction of 0.65 by $250 and get $162.50. This is out correct profit!

As fractions are a bit more challenging for some people, we will also show the math for a $10 and $250 bet for the Celtics. We start by solving our fraction by doing 29 divided by 20 which gives us 1.45. If we multiply that by $10, we get $14.50, and if we multiply that by $250, we get $362.50. Both of these are correct!

Now, just to point out, the fractional odds and the moneyline/American odds give us our profit. The decimal odds give us our full payout which includes the return of our original bet. You are still getting your original bet back with the moneyline/American and decimal odds, it’s just not reflected in that calculation. If you want to see your full payout (basically how much money they should hand you), simply add your original bet amount to your profit number.

You might not think you should be concerned with how the sportsbook makes their money off of moneyline bets, but it’s actually a lot more important than you might think. Understanding how the casino takes its cut (the juice) can help you to understand how and why the lines (moneyline odds) can and will move.

You see, the sportsbooks will all release initial lines and then those lines will stay or change based on how people are betting. This can greatly affect when and if you should bet on a game or contest. Let’s explain what we’re talking about and then go into this a bit further with some strategy advice.

The sportsbooks are not fans of gambling. In fact, they do everything they can to avoid having to gamble. They want a fixed payout no matter what happens in a game. So what they do is try and get the correct amount of money bet on each side of the game so that they are paying out the same amount no matter who wins.

They do this by manipulating the lines to entice action where they need it. If they have too much action coming in on one team, they will adjust the lines to pay out less for that team to deter more bets. At the same time, they will adjust the line for the other team to pay out more to entice more action on that side. This dance continues until the game starts to try and get the correct amount of money on each side of the contest.

How To Read Moneyline Odds

If you noticed in our example from earlier, it wasn’t -145 and + 145. There was a slight difference in the odds. This is the casino taking their cut. The casino wants to just take a small percentage from the bets, and then they couldn’t care less about who wins or who loses.

When the lines change for the above reasons, the amount you will get paid out changes as well. Just so we’re clear, once you lock in a bet, you are locked in at those payouts. If the line moves, you get to keep (or are stuck with) the line you bought in at.

If the public comes out and bets really hard on one side, the line is going to move a lot making the odds worse on that side and a lot better on the other side. If you’re planning to bet against the public, you should wait to bet until the line moves as far as you think it is going to. Be careful, though, if you wait too long and some big money bettors bet, they can move the line back.

Deciding when to bet can be a dance, and it is definitely an important skill to have if you want to be a successful sports bettor. It’s important to point out as well that the entire sports betting community do not bet from the same pool. This means that each sportsbook does not care what is going on at the other sportsbooks.

If all the money at one sportsbook comes in on Team A and all the money comes into a second sportsbook on Team B, they’re both going to adjust their lines accordingly to what is going on in their book. This means that if you want to bet on Team A, you should go to the second sportsbook where the line will be great. If you want to be on Team B, you should go to the first sportsbook where the line will be better.

This is called line shopping and is an integral part of sports betting, especially with moneyline bets. Most good sports bettors will have accounts on lots of different sportsbooks so they can check the lines on every bet they are making. Whichever book has the best lines for them is where they’re going to place their bet. To be honest, with how easy it is to shop lines online, the only reason you wouldn’t is if you were too lazy and didn’t care enough about your bottom line.

Looking for value is something that is important with all types of bets but is especially important with moneyline odds. It might be more correct to say that it is more important with moneyline bets because people tend to make mistakes here regarding value more often.

We’ll start by posting a question. If you think that one team will beat another team and you are almost certain of it, should you make that bet every single time? If you answered yes, then you really need to start learning this concept. What we neglected to tell you was that the team you wanted to bet on have odds of -2000. This means that for a $100 bet, you will get a profit of $5.

The question then begs itself if a $100 bet is worth it for a $5 return. If the person cannot lose, maybe it is worth it. An instant 5% return is great. But the exaggerated example here is to try and point out that you need to make sure that what you are getting paid out is worth the risk that you are taking.

Here’s a less extreme example. Let’s say that Fighter A is fighting Fighter B and you think that Fighter A is going to annihilate Fighter b. Like you don’t even think it’s going to be close. Let’s say you decide that you would be willing to bet even if the odds were -400 on Fighter A. You’d only be getting $25 back on your bet, but that’s what you think is fair.

If the odds were -600, that would be a bad value bet. Yes, you might win the bet still, but you are not getting properly compensated (based on your prediction) for the times that you lose that bet.

If the odds were -200, that bet is AMAZING value. You are getting paid way better than you feel like you should be for this bet and you should definitely make the bet. You feel like you only deserve $25 for this bet, but the sportsbook is willing to pay you $50!

While this makes perfect sense, it might not make sense on how you would change your betting except not betting if they have the team marked as too big of an underdog. Well, this is also true of underdogs. Look for underdogs where you are getting paid more than you think you deserve.

For example, let’s say that two players are playing a tennis match and one player is +250. You think that this player has a MUCH better chance than that but still is an underdog. Most people would tell you that you are crazy to make a bet on someone that you think is going to lose. The thing is, though, underdogs do win and if you’re getting paid more than you should when they do, you’re going to be profitable. Here’s a simple math breakdown.

Let’s say the sportsbook has a series of bets that are all +250. You think in reality that the bets should actually be +125 and that the bet is not as big of an underdog as the sportsbook thinks. This means that you think you deserve $125 for every $100 bet that wins but the sportsbook is going to pay $250. Even though you think that the bet is still supposed to lose, you should make this bet.

Without losing you with the math, the implied probability (or how often you should win) of a +250 bet is 28.6%. This means that you should win this bet 28.6 out of 100 times. This is what the sportsbook thinks will happen. You, however, think it should be +125. The implied probability of that is 44.4% meaning that you think you should win the bet about 44.4 out of 100 times.

Ignoring the sportsbook juice for now for simplicity, if they are right and you bet $100 100 times, you will lose about 71.4 times (-$7140) and win 28 times (28.6 x $250=$7150). If we didn’t round, you would basically make $0 and lose $0.

If you were correct though but getting paid at the sportsbooks rate, you would lose the bet 55.6 times (-$5560) and win the bet 44.4 times (44.4 x $250 = $11,100). You would profit over $5,000 for betting on bets that you thought you were going to lose! This is finding value. Value bets are great as a part of a long term winning strategy and are the key to conquering the “simple” moneyline/win bets.

Are you a Tennessee resident who wants to bet on the Tennessee Titans, Memphis Grizzlies, or Nashville Predators winning their next game? If so, you will need an online sports betting account.

Choosing a sports betting app, also known as an online sportsbook, is an important decision to make as a sports bettor. Sports betting is now legal in Tennessee exclusively online. Residents of the Volunteer State can only bet on sports on their mobile phones or computers.

This guide will break down the best Tennessee sports betting sites by comparing the total number of sports and bets offered, odds, live betting features, mobile apps, educational resources, ease of use, as well as current bonuses and promotions.

Best Online Sports Betting Apps in Tennessee 2021

• DraftKings Sportsbook – Best Overall for Beginners
• FanDuel – Best Mobile App
• BetMGM – Good All-Around Offering
• William Hill – Good Odds
• Tennesse Action 24/7 – Best Local Sportsbook

Best Overall for Beginners
DraftKings is the complete package for both new and experienced sports bettors and daily fantasy sports players. While the live betting, education, and mobile app are all great, I found the unique bets and pre-game statistics DraftKings offers to be the best in the state. Read full review

Best Mobile App
Like its closest competitors, FanDuel is one of the most well-rounded sports betting options available. The high-quality live betting, bets offered, and the odds are worth emphasizing for both new and experienced bettors. FanDuel is also one of two sportsbooks available that offers daily fantasy sports. Read full review

Good All-Around Offering
Make no mistake, despite being a casino-based brand BetMGM is all-in on sports betting. The BetMGM App provides users with a wide collection of sports and bets to wager on, in addition to a full suite of casino and poker games.Read full review

Good Odds
William Hill combines excellent odds and new customer bonus offers with an above-average mobile app. While I wish the sportsbook offered more education and ongoing promotions, there is a lot to like about William Hill. Read full review

Best Local SportsbookTennessee Action 24/7 is a local sportsbook, only available in Tennessee. While the sportsbook does not offer as many promotions, features, or bets as competitors, customers can count on someone from Tennessee to answer their customer support calls.

Best Betting Odds in Tennessee

To determine which Tennessee sports betting sites offer the best odds, I recorded and analyzed data from hundreds of games for spread, moneyline, and total bets. The sportsbooks that provide the best odds for each sport are listed below. Odds are given the following rankings: best, above average, average, below average, and worst.

Deposit Options

Here is a comparison of deposit options amongst top TN sports betting apps.

Withdrawal Options

Here is a comparison of withdrawal options amongst top TN sports betting apps.

Moneyline Betting System

Tennessee Sports Betting Timeline

Here is a short timeline of how Tennesssee sports betting became a reality:

• 2018 - Representative Rick Staples introduced a bill to legalize sports betting in Tennessee.
• 2019 -House Bill 1 passed the House and the Senate. Governor Bill Lee let the bill turn into law without signing it.
• 2020 - Tennessee finalized sports betting regulations in April of 2020. Some of these regulations, which include a mandatory 10% hold for operators, made entering the state less attractive for sports betting operators. On November 1, 2020, sports betting launched with four operators: DraftKings, FanDuel, BetMGM, and Tennessee Action 24/7.

Best Tennessee Sportsbooks Summary

DraftKings Sportsbook

DraftKings delivers the ultimate package for sports bettors, including unique contests and bet types, industry-leading pre-game statistics, excellent education for beginners, Daily Fantasy contests, and private pools with friends. This outstanding all-round experience makes DraftKings our top overall sportsbook in 2020. Read full review

Minimum deposit: $5

Who choose DraftKings Sportsbook:

• Great for beginners. DraftKings’ noteworthy educational materials include guidance on how to bet and different bet types, as well as sport-specific guides that cover common strategies for betting success.
• Unique bets and contests. The variety of sports and bets offered —one of the largest selections of unique bet types and contests we’ve seen — and an excellent live betting experience makes DraftKings one heck of a sportsbook.
• Bonuses: Promotions change throughout the year, but typical ones include risk-free bets up to $1,000 for new bettors, and deposit matches, among others. Keep in mind there are typically rollover requirements attached to each bonus.

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How Do You Win A Moneyline Bet Odds

FanDuel

FanDuel Sportsbook is a winner in 2021 for its easy-to-use website and mobile app, variety of prop bets, and its top-of-the-line live betting. FanDuel combines all of that with competitive odds and daily fantasy sports integration to deliver one excellent sportsbook. Read full review

Minimum deposit: $10

Why choose FanDuel Sportsbook:

• Excellent mobile app. With its focus on usability, we found the FanDuel Sportsbook app to be one the best-designed apps overall.
• Great for bettors. High-quality live betting, variety of bets offered, and noteworthy odds are all features new and experienced bettors will appreciate.
• Bonuses: Promotions change throughout the year, but typically FanDuel offers a risk-free bet up to $1,000, and several other smaller seasonal offerings. Keep in mind there are typically rollover requirements attached to each bonus.

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BetMGM

Make no mistake, despite being a casino-based brand, BetMGM is all in on sports betting. The BetMGM Sportsbook app provides users with a wide variety of sports and bets to wager on, in addition to a full suite of casino and poker games for applicable states. Read full review

Minimum deposit: $10

Why choose BetMGM?

• Ability to edit open bets. BetMGM is one of the only sportsbooks that allows bettors to modify an open wager. This type of flexibility is a cool feature for those who enjoy live betting.
• Bonuses: Promotions change throughout the year, but typically BetMGM offers a risk-free bet up to $500, as well as an array of ongoing seasonal promotions. Keep in mind there are typically rollover requirements attached to each bonus.

Tennessee Action 24/7

Tennessee Action 24/7 is a local sportsbook, only available in Tennessee. While the sportsbook does not offer as many promotions, features, or bets as competitors, customers can count on someone from Tennessee to answer their customer support calls.

How To Bet The Moneyline In Football

Who should consider Tennessee Action 24/7?

• Support Local Business. Tennessee Action offers fewer bests, promotions, and features than all other sportsbooks available in Tennessee. There are two distinct benefits of Tennessee Action. First, the sportsbook is run by Tennesseans. It offers phone support from Tennessee residents. Second, you can deposit cash for your online account at a variety of locations throughout Tennessee.
• Bonuses: Promotions change throughout the year, but typically Tennessee Action offers an initial deposit match up to $100 for new bettors. Tennessee Action can not compete with the vast array of ongoing seasonal promotions offered by DraftKings, FanDuel, and BetMGM.

What Is The Moneyline Bet

How do I bet online in Tennessee?

Moneyline Betting Calculator

1. 1. Create an account. Every online sportsbook has an online website as well as a mobile app. To create an account on the app or website, you will need your name, address, phone number, and email address. Some sportsbooks might ask for more information such as social security number; which is normal.
2. 2. Fund the account. Deposit money into your newly created account. In Tennessee, standard banking methods include credit/debit cards, PayPal, ACH (e-check), Bank Transfers, Play+ Cards, and PayNearMe.
3. 3. Add your bet(s) to the betslip. To do this, click on the bet that you want to place.
4. 4. Select the wager amount. Enter the amount of money you want to wager. The bet slip will display your total wager and potential payout. Keep in mind, the potential payout includes the money that you are wagering. For example, in the screenshot below, you are betting $10 to win $8.80. Thus, the potential payout is $18.80 (total wager $10 + potential winnings $8.80).
5. 5. Finalize the bet. Place your bet and set an alarm for game time!



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What types of gambling are legal in Tennessee?

Tennessee has a limited selection of online gaming products to choose from. Here are the forms of gambling legal in Tennessee:

• Online Sports Betting - Legal (launch - November of 2020)
• Online Horse Betting - Legal
• Daily Fantasy Sports - Legal
• iGaming (online slots) - Not Legal
• Online Poker - Not Legal
• Online Lottery - Not Legal
• Offshore Sportsbooks - Not Legal

Popular Tennessee Sports Teams

Tennessee is fortunate enough to have four professional sports teams, and college powerhouses such as Tennessee, Vanderbilt, and Memphis. Residents of Tennessee can bet on all professional and collegiate teams, which includes the following professional teams:

• Memphis Grizzlies (NBA) Team Website // Schedule // News
• Nashville Predators (NHL) Team Website // Schedule // News
• Nashville SC (MLS) Team Website // Schedule // News
• Tennessee Titans (NFL) Team Website // Schedule // News

What sports leagues can I bet on in Tennessee?

Almost all domestic and international leagues are available to bet on with Tennessee sportsbooks:

• Football - NFL, NCAA, CFL
• Basketball - NBA, NCAA, WNBA, International Leagues
• Soccer - English Premier League, MLS, International Leagues
• Baseball - MLB + International Leagues
• Hockey - NHL + International Leagues
• Golf - PGA Tour, LPGA Tour, International Leagues
• Tennis - All Major U.S. Tournaments + International Matches
• Other Sports - UFC/MMA, Motor Sports, Boxing, Cricket, etc.

How to Read Odds

Odds represent the likelihood of an outcome occurring. In sports betting, each team is assigned odds that represent the likelihood of them winning the game. American odds are what you will see displayed on every U.S. sportsbook and sports betting app.

The first thing you will notice when reading odds will be that:

• Odds have either a plus or minus in front of them.
• Odds are in terms of 100.

Betting Odds are written in terms of 100 as an industry standard. The easiest way to think of the plus and minus signs is as follows: If it is a plus, you will receive more than a $100 payout on a $100 bet. If it is a minus, you will have to bet more than $100 to win a $100 payout.

Thankfully, you can view your potential winnings on each bet before placing it at an online sportsbook. That said, it is beneficial to understand the betting odds.

Keep in mind for both spreads and totals, if the game ends in a draw for the bet, you get your stake back but do not win or lose any additional money.




What is a Moneyline bet?

A moneyline bet is a wager on which team will win the game outright. Both the favorite and the underdog are given odds to win the game. View sample bet slip.


Moneyline Odds	How to Read it	What it Means
Lions +130	Lions plus 130	By betting $100 you will win $130 if the Lions win
Packers -150	Packers minus 150	To win $100, you must wager $150 on the Packers to win




What is a Spread bet?

A spread bet is a wager on which team will cover the spread or point spread. Underdogs will be given additional points with the spread, while the favorite will have to win by a certain amount of points to cover the spread. View sample bet slip.


Spread Odds	How to Read it	What it Means
Lakers + 5 (-110)	Lakers plus 5 points at minus 110 odds	The Lakers must win the game, or lose by less than 5 for you to win your bet
Rockets -5 (-110)	Rockets minus 5 points at minus 110 odds	The Rockets must win the game by more than 5 points for you to win your bet. A tie is a push, meaning you don't win or lose.




What is an Over/Under (Total) bet?

An over/under bet focuses on how many points are scored, regardless of who wins the game. After a total point score has been set, bettors can wager whether the game's actual score will be over or under the preset point score. View sample bet slip.


Total Odds	How to Read it
Over 7 (-115)	In order to win $100, you must bet $115 on the overall combined run score to be higher than 7
Under 7 (-110)	In order to win $100, you must wager $110 on the total combined run score to be less than 7




More of a visual person? Here's a YouTube video covering moneyline, spread, and total bets.

What is a Parlay bet?

A parlay bet is a group of bets, typically spread, moneyline, or total bets, combined into one bet to increase the payout odds. Every separate bet must win to win a parlay bet. View example bet slip.




What is a Future bet?

A futures bet is a bet on an event that takes place in days, weeks, or months. The most common future bets are placed on what team will win the finals before the season starts. View example bet slip.

What are Bonus Rollover Requirements?

Rollover requirements are requirements bettors MUST fulfill before they can withdraw the bonus money. Each type of bonus has different terms and conditions, which you should examine before accepting.

Rollover requirements for sports betting often range between 1X-10X, with some extreme requirements going all the way up to 15X. For example, let’s say you deposit $100 and receive a $50 bonus with a 5X rollover. Before you can withdraw the $50 in bonus funds, you have to wager $750 (($100 + $50)x5). Clearly, the $50 bonus is a lot harder to obtain if you don’t bet frequently.

This table gives you an idea of how much you will have to wager before withdrawing your bonus at multiple rollover rates. We will assume each deposit made is $100.

Bonus Percentage ($100 Deposit)	Bonus Amount	Bonus Withdrawal with 1X Rollover	Bonus Withdrawal with 3X Rollover	Bonus Withdrawal with 5X Rollover	Bonus Withdrawal with 10X Rollover
25% Deposit Match	$25	(100+25)x1 = $125	(100+25)x3 = $375	(100+25)x5 = $625	(100+25)x10 = $1,250
50% Deposit Match	$50	(100+50)x1 = $150	(100+50)x3 = $450	(100+50)x5 = $750	(100+50)x10 = $1,500
100% Deposit Match	$100	(100+100)x1 = $200	(100+100)x3 = $600	(100+100)x5 = $1,000	(100+100)x10 = $2,000




Is Sports Betting Legal in TN (Tennessee)?

Sports betting is legal in Tennessee; however, it is only legal online. Sports betting in brick-and-mortar casinos is not permitted. The first legal sports bet in Tennessee took place on November 1, 2020.

Governor Bill Lee allowed House Bill 1 to become law in 2019, although he did not support the legalization of sports betting. House Bill 1, introduced by Rick Staples, legalized sports betting online in the Volunteer State. Residents can bet from their phones or computers as long as they are within state lines.

Are there any prohibited sports or bets in Tennessee?

Residents of Tennessee cannot live bet on college football or college basketball. For example, you can bet on the Tennessee volunteers, but not after the game starts. Also, college player props are not available. For example, you can bet on how many touchdowns Ryan Tannehill (Tennessee Titans quarterback); however, you cannot bet on how many touchdowns Jarrett Guarantano or Harrison Bailey (Tennessee Volunteers quarterbacks) will throw.

How old do you have to be to bet on sports in Tennessee?

Anybody who is 21 years or older can bet on sports in Tennessee. As long as you are 21 and within state lines, you do not have to be a Tennessee resident to bet on sports.

If you live in Tennessee and travel to a state that does not have legal betting, you will not be able to bet. Your phone or laptop uses geo-technology to make sure you are within state lines. The only people prohibited from betting on sports include athletes, coaches, refs, and other related personnel.

Do you have to pay taxes on sports betting in TN?

According to the IRS, “Gambling winnings are fully taxable, and you must report the income on your tax return.” Form W-2G is used to report gambling winnings and gambling losses, which may be deduced if adequately itemized.

For online gambling winnings, residents must send in Form W-2G when certain winning thresholds are reached. For example, if a player wins more than $600 or at least 300 times the wager amount, the form must be filled out.

Is it legal to bet on horse racing in Tennessee?

It is legal to bet on horse racing in Tennessee. Residents can bet with legal online providers such as TVG, BetAmerica, and TwinSpires. You can not bet on horses from Tennessee sportsbooks.

Does Tennessee offer an online lottery?

No, Tennessee does not currently offer any way to purchase lottery tickets or play lottery-style games online.

Is DraftKings sportsbook legal in Tennessee?

DraftKings is a safe and legal sports betting option for residents of Tennessee. DraftKings obtained its license by paying a $750,000 fee, which allows them to operate in Tennessee for one year.

Is FanDuel sportsbook legal in Tennessee?

FanDuel is a safe and legal sports betting option for residents of Tennessee. FanDuel obtained its license by paying a $750,000 fee, which allows them to operate in Tennessee for one year.

Is Bovada legal in Tennessee?

Bovada, BetOnline, and MyBookie are considered offshore sportsbooks and are illegal. These sportsbooks are not approved by the Tennessee Lottery, which regulates all legal Colorado sportsbooks.

Methodology

For Moneyline.com’s annual best online sportsbooks review, we collected more than 36,000 data points over five months from 20 sportsbooks that serve 11 states where full-scale mobile betting is legalized. Hundreds of hours were spent testing and scoring each sportsbook (mobile and online/desktop) in seven core categories: sports and bets offered, odds, live betting, mobile betting, education, ease of use, and bonuses and promotions. The results determined each sportsbook’s overall rating.

Data from more than 1,700 bets (including moneyline, spread and total bets) was used to generate each sportsbook’s comparative odds ranking. Leagues and bet types collected include NCAA football moneyline bets, NCAA basketball moneyline bets, NFL moneyline, spread and total bets, NBA spread, moneyline and total bets, NHL moneyline, puckline and total bets, and soccer 3-way result (moneyline) bets. When collecting odds, we made sure to collect the same games at the same time for each sportsbook, ensuring data accuracy.

About Moneyline.com’s chief sportsbook researcher, Joey Shadeck: I’ve been a hobby sports bettor for more than six years, placing hundreds of bets on my favorite sports (football, basketball, MMA) and teams (Packers, Spartans, and whoever is playing the Lions). Beyond sports betting, I’m known for saying “Wanna bet on it?” in almost any situation and that is how I found out I can eat 42 chicken nuggets in less than 20 minutes.

As of February 2021, 22 different states have legalized sports betting to some capacity. Of those 22 states, the following 11 have legalized full-scale mobile betting: Colorado, Illinois, Indiana, Iowa, Michigan, Nevada (must register in-person), New Hampshire, New Jersey, Pennsylvania, Tennessee, Virginia, West Virginia.


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