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Traditional Odds in Online Horse Betting\n\n This is why 'odds-on' horses still give you a profit, so if your horse goes off at 4-5 this is basically 0.8 to 1 which is a negative, but you would still return your stake too. So a winningR$50 bet at 4-5 would return a total ofR$90, giving you a profit ofR$40.

Horse Racing Odds Explained | TVG | Tools for Informed Handicapping
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For example, the favorite team to win the game could have a spread of -4.5. This means they must win by five or more points to cover the spread. The underdog for the game would be set at +4.5 which means they must lose by less than five points or win the game outright.

NBA Odds: Betting Lines, Spreads and Moneylines | FanDuel
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