Example #1: The Texans are +370 to win while the Chiefs are -500.A (+) indicates the team is an underdog and the (-) indicates they are a favorite. We’ll utilize 2020 Week 1 odds from Draftkings sportsbook as an example throughout the glossaryĭefinition: Betting on a team to win the game at varying odds. New to sports betting or looking to brush up on the verbiage heading into the season? This is a glossary to understand basic betting terms and ideas.
