Underdog (Dog)

The team or outcome the market expects to lose, priced with positive odds (e.g. +130) or getting points on the spread. Underdogs pay more than even money because they win less often.

• Favorite — The side the market expects to win — priced with negative odds (e.g. −150) or laying points. Bigger negative = stronger favorite.
• Moneyline — A bet on which team wins outright, no point spread. Favorites carry negative odds, underdogs positive odds.