7/10/2023 0 Comments Lions moneylineThis number projects the total number of points scored in a game and, like prop betting, is bet whether one thinks the score will go over or under the set point total. The point total refers to the over/under line set by books. If the Rams manage to win by seven or more– say 31-17– then the Rams (-6.5) would win, and the payout would be the same as listed above. In this example, Detroit is an underdog by 6.5 points, indicated by “+6.5.” If the Lions keep the game within seven or win outright– say they lost 27-24– then the Lions (+6.5) win the bet and would have a total payout of $19.09 on a $10 bet ($9.09 in profit). Point spreadīetting on the point spread is determinant on how many points a team wins or loses by. How much either team wins or loses by does not matter in moneyline betting, the payout remains the same. The Falcons are the favorite in this matchup, requiring a $105 bet to win $100 (plus the initial bet back). The Lions are considered underdogs in this matchup (indicated by +140), paying out $240 total for a $100 bet ($140 in winnings). The moneyline is the simplest of bets, decided by the straight-up winner and loser of each game. How to bet on the Detroit Lions odds Moneyline The Athletic was first to report the wager was a free bet.Detroit Lions 2023 schedule and betting odds Week Use The Action Network betting calculator to put yourself in these shoes to see what you might risk in a hedge situation. That would result in the bettor losing the parlay, and their ATS play on the Packers. Taking -110 odds to back the Packers against the spread at -11.5, that leaves too much room for the Packers to win by 11 or fewer points. That’s a fine payday for a $25 free bet, but doesn’t come close to the $726,000. How many people using a $25 free bet have access to $580,000 in the hours before kick-off?Įven if the bettor could get access to $20,000 to hedge, the profit would come out to just over $3400 with a Green Bay win. With the Packers listed as a -580 favorite, it would cost $580,000 to try to lock in a profit of $100,000. The implied odds of Detroit listed as a +400 underdog mean the Lions have just a 20% chance of winning, according to the market.īut because how big of a favorite the Packers are, and because of the potential payout, hedging this bet becomes complicated. A real-money bet would have been eligible for a cash-out, guaranteeing a big pay-day for the bettor. Sources at BetMGM tell The Action Network that the $25 was a free bet, meaning that a winning bet wouldn’t be eligible for a cash out. It’s a $25 bet that would be worth $726,959 if the Lions prevailed. That’s because he or she has hit 15 of 16 legs of an NFL Week 2 moneyline parlay and picked the underdog Lions to win as the final leg. One bettor is going to be glued to the Monday Night Football matchup between the Green Bay Packers and the Detroit Lions. Due to the price of the payout and how big of a favorite the Packers were, hedging opportunities were limited and complicated, as laid out below. The bettor who risked a $25 free bet in a 16-team parlay to win over $726,000 just to lose the final leg on Monday Night gets a happy ending after all.īetMGM announced that despite the Detroit Lions losing against the Packers, the bettor who hit the first 15 legs of the crazy moneyline parlay was still going to get a cashout win of $133K pre-tax from the sportsbook.īecause it was a free bet, it did not have a cash out option available.
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