Understanding the Money Line - Sportsbooks 101

[GamblingSage]

Lets look at the Dallas Cowboys / Cleveland Browns upcoming game. Looking at Just Bet Sportsbook lines, they list the following Money Line information.

Dallas Cowboys -240
Cleveland Browns +200

The team with the (-) is the favorite and the team with the (+) is the underdog.
If you wager on the Dallas Cowboys -240 you have to bet $240 to win $100 (you will get $340 back if you win, the original $240 + $100 win), or wager $120 to win $50 (you will get $170 back if you win, the original $120 + $50 win).
If you wager on the Cleveland Browns +200 you have to bet $100 to win $200 (you will get $300 back if you win, the original $100 + $200 win), or wager $50 to win $100 (you will get $150 back if you win, the original $50 + $100 win).