If the moneyline is +200, it means the team is the underdog and you could win $200 if you bet $100. What happens if you bet $100 on a moneyline? If you bet $100 on a moneyline, you might win some money or lose your wager. If the odds for your moneyline bet were +100, you would profit $100 if the team you backed won.

In American sports betting, odds are typically expressed with a plus (+) or minus (–) symbol followed by a number. For example, +200 signifies the amount a bettor could win if wagering $100. If the bet works out, the player would receive a total payout of $300 ($200 profit + $100 initial stake).

Yes, you owe taxes on sports betting wins That includes cash winnings and the fair market value of cars, trips and other prizes, too. If you won at least $600 and 300 times the wager amount, casinos, gambling platforms and online sportsbooks should provide you with IRS Form W-2G (Certain Gambling Winnings).