Difference between revisions of "Dog"
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| − | A '''dog''' is an abbreviation for [[underdog]]. Used to describe the side of a betting market that is perceived to have a lower chance of winning. The opposing side is | + | A '''dog''' is an abbreviation for [[underdog]]. Used to describe the side of a betting market that is perceived to have a lower chance of winning. The opposing side is known as the [[favorite]]. As underdogs are viewed to have a less favorable chance of victory winning bets return larger amounts relative to initial risk. |
== Example == | == Example == | ||
Latest revision as of 23:03, 20 December 2019
A dog is an abbreviation for underdog. Used to describe the side of a betting market that is perceived to have a lower chance of winning. The opposing side is known as the favorite. As underdogs are viewed to have a less favorable chance of victory winning bets return larger amounts relative to initial risk.
Example
In the example below the market views the Atlanta Falcons as the weaker team. They are dubbed the dog having +380 odds to win the game outright on the moneyline. This carries an implied probability of 20.8%. Atlanta also carries a +10 point spread which will win if they either win the game outright or lose by 9 or less points. A loss of exactly 10 points would be a push and spread bets are refunded.
| Team | Spread | Total | Moneyline | |
|
Atlanta Falcons | +10 (-110) | Over 49.0 (-110) | +380 |
|
San Francisco 49ers | -10 (-110) | Under 49.0 (-110) | -475 |