Places where sports betting is legal12/9/2023 If you pick the Packers on the point spread here, they can lose by up to eight points and you’ll still walk away a winner. For example, if the Bears are 8.5-point favorites (-8.5) over the underdog Packers (+8.5), and you pick the Bears, they have to win by at least nine points for you to win the bet. Point spread: Betting the point spread is betting how much one team will win by or lose to another, as opposed to just picking a winner. A winning $5 on the Bears at +120 will win $6, for a total payout of $11. The moneyline is based on a $100 bet, but you can bet as much or as little as you like. Alternately, you’d have to bet $120 on the Packers to win $100 and take home the same amount. That means if you bet $100 on the Bears and they win, you take home $120 on top of your bet, for a total payout of $220. For example, suppose the Bears are listed as +120 underdogs against the Packers, and those hated Cheeseheads are favored to win at -120. The favored team is marked with a minus sign, and the underdog a plus sign. Legal Texas sports betting through state-regulated sportsbooks has struggled to gain traction in the Lone Star state. Legislative Movement Toward Legal Sports Betting: Yes. Moneyline: Betting on the moneyline is simply picking a winner, with your potential payout determined by the odds set by the sportsbook. Domestic Texas Sportsbooks Not Available As Of November 2023.
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