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Texas sports betting odds

The only way that you can win your wagers is by understanding Texas sports betting odds. This comprehensive guide walks you through the top Texas sportsbooks with the best odds and scores and explains killer Texas betting options. In the end, we explain both the American and European odds systems and answer FAQs.

Understanding Texas sports betting odds

Understanding Texas sports betting odds is crucial for winning your wagers and earning some cash. To get started, we recommend selecting sportsbooks with the best betting odds, such as DraftKings, FanDuel, Caesars Sportsbook, and BetMGM. These sites offer the best scores and odds on a variety of games.

Once you select the best sportsbook, make sure you understand your Texas betting options. For example, moneyline, point spread, totals, props, futures, and parlays are basic bets that beginners should get the hang of and understand the odds of.

Before wagering, make sure you understand the odds for each bet, such as what the + or – means in front of the odds. If you are interested in international sports markets, you might want to consider learning European odds too.

Texas sportsbooks with the best odds and scores


Just interested in the top Texas sports betting sites with the best odds and scores? We recommend DraftKings, FanDuel, Caesars Sportsbooks, or BetMGM.

DraftKings sports betting odds

DraftKings offers some of the best odds and scores for the most loved Texas sports. Whether you are a fan of football or golf, you will get the best Texas sports betting odds with DraftKings.

FanDuel betting odds

FanDuel Texas features updated and live odds so that you can maximize earnings. The bookie also offers betting resources to help you further understand odds and become educated on your bets.

Caesars sports betting odds

Hands down, Caesars Sportsbook has the best welcome bonus. Not to mention, they have great odds and resources to help you maximize your earnings.

BetMGM odds

BetMGM boasts one of the best sign-up bonuses, as well as top betting odds.

Types of Texas sports betting odds


Although there is practically an unlimited number of bets you can make, some bet types are more common than others. Whether you are interested in NFL odds, Kentucky Derby odds, or NBA odds, there are some bets you should know.

Moneyline, point spread, totals, props, futures, and parlays are the most common. If you are new to betting, we recommend starting with these basic Texas betting options and understanding their odds.


Moneyline is the most basic type of bet you can make. All you need to do is pick the outright winner of the game in question. Most sportsbooks provide the favorite and underdog for each game, with the favorite most likely to win. Occasionally, oddsmakers rate both teams with equal odds of winning.

With moneyline, you can easily learn which team is the favorite by looking at the odds. The favorite team will have odds with a negative sign (-) in the front. In contrast, the underdogs will have odds with a positive sign (+).

Not only do these odds tell you what team is most likely to win, but they also tell you how much money you can win on the bet if you hit.

Let’s say that the Cowboys are playing the Green Bay Packers. Oddsmakers list the Cowboys as the -170 favorites and the Packers as the +150 underdogs. If you want to win $100 on the Cowboys, you will need to pay $170. In contrast, you will win $150 if you bet $100 on the Packers.

If the odds change after you place the bet, how much you win is determined based on the odds when you place the bet, not the current odds. So, the current odds won’t affect your payout.

Point spread

The point spread is another basic bet type, but it is slightly more complicated than moneyline. With the point spread, you bet the margin of victory or defeat for the match. In this case, you can bet how much a team will win by or lose by.

Point spread odds tell you how much the favorite will win by or the underdog will lose by. It may be helpful to see an example before explaining how to read these odds.

Let’s assume that the Cowboys are playing the Packers, and the Cowboys are expected to win. The point spread may have the Cowboys listed with -3 odds.

These odds tell you that the Cowboys are the favorite and that they are expected to win by three points or more. Conversely, these odds also tell you that the Packers are predicted to lose by three points or more.

When betting on the point spread, you can bet that Dallas will outscore the Packers by three points or more. However, you can also bet that the Packers will either outright win or lose by fewer points than predicted. In this case, you would be betting that the Packers will lose by less than three points.


Totals rely on the final score of the game too, but totals are much easier to understand. As a result, inexperienced bettors often bet totals at the beginning of their careers.

To bet on the total, you will bet that the final score will either be over or under the sportsbook’s projection. Because of the nature of this bet, totals are sometimes referred to as over/unders.

Totals odds look just like moneyline odds. The favorite will have a negative odds (-) and the underdog will have positive odds (+). This number tells you how much you will win based on a $100 bet.


Props are a unique type of wager that many bettors love. Instead of betting on the final outcome of the game, you are betting on individual occurrences within the game. Prop bets may include total yardage, who will win the coin toss, and any other individual instances that occur within the game.

Props are especially popular for Super Bowl betting. Some sportsbooks offer wild Super Bowl props, such as on the halftime show and even commercials.


Futures are exactly what they sound like. You bet on an event that is going to happen in the future. Often, futures are placed on big events, such as the Super Bowl, Kentucky Derby, division championship, etc.

Futures odds change based on the sportsbook and event. The oddsmakers will set the odds based on the potentiality of the outcome.


All of the bets we have looked at so far are single bets or bets placed on single games. With a parlay, you can make multiple bets in the same wager, but all predictions must be correct for you to win the parlay.

In parlays, you can combine multiple of the main bet types described above in the same wager. For example, you can include a moneyline and a point spread in the same bet. Parlays have high earning potential, but they are extremely risky since you must make two or more correct predictions.

Whenever you’re reading about parlays, you’ll often see the word “legs” appear. Each prediction in the parlay is referred to as a leg of the parlay. For the example above, the moneyline is one leg but the point spread will be another leg. The odds and payout of the parlay will depend on the legs in question.

Reading Texas sports betting odds


No matter what type of bet you place, most sportsbooks follow the same style odds. In Texas, you are most likely to stumble upon American odds, which are described with either plus sign (+) or a negative sign (-), as we saw above. You may occasionally find European odds, though this is rare.

Positive odds

As we learned above, the positive sign in front of odds often tells you the underdog.

The reason for this is that the positive sign means that you will have a bigger payout than you originally wagered. Since betting on the underdog includes more risk, you will get a bigger payout if you successfully bet on the underdogs for this reason.

For example, +150 means that you will win $150 on a $100 bet. Likewise, +230 tells you that you will win $230 based on a $100 bet. As you can see, you are getting more money than you invested in the bet with positive odds, assuming that the wager hits.

Note that you do not have to bet $100 exactly. Oddsmakers just use $100 as the standard to make understanding the potential payout a bit easier.

Negative odds

Negative odds basically work the opposite way. The negative sign is put in front of the favorite because how much you wager is often more than you will win. The reason for this is that betting on the favorite includes less risk. Therefore, you don’t win as much.

So, -150 odds mean that you have to bet $150 in order to win $100. Furthermore, -230 odds mean you must bet $230 to win $100. These examples show that negative odds tell you how much you have to bet to win $100, which will always be more than the wager.

As described above, negative odds aren’t dependent on winning $100. The $100 earnings are simply used for ease of math.

Decimal odds

In Texas, you are unlikely to find sportsbooks that offer decimal odds. However, if you want to read European articles, you might find decimal odds. You likely need to know how to read decimal odds if you are wagering on international sports, such as soccer.

Decimal odds are easy to understand. Instead of basing the math on a $100 wager, decimal odds are based on a $10 wager. Simply multiply the odds by $10 to find out the potential total payout.

If a particular team has 2.50 odds, multiply 2.50 by $10. That equals 25. To learn how much the profit will be, simply subtract the $10 bet from the total payout. In this case, subtract $10 from $25. Your profit will be $15.

Once again, you are unlikely to find decimal odds at Texas sportsbooks, but it may be helpful to know how to read them in case you are interested in betting on international sports.

How to calculate Texas odds payouts


Before placing any bets, you want to calculate your potential payout to make sure that the bet is worth your money in the first place. When calculating your Texas bet payouts, you want to know how much your total payout and profit will be.

Use the following formulas to determine your total potential payout:

  • Positive odds: $Wager X (Odds/100) + $Wager = Total Payout
  • Negative odds: $Wager X (Odds/-100) + $Wager = Total Payout

If you just want to know how much you will profit from a bet, don’t add the wager. Here are the formulas to follow for determining your profit:

  • Positive odds: $Wager X (Odds/100) = Profit
  • Negative odds: $Wager X (Odds/-100) = Profit

FAQs about Texas sports betting odds

Should I bet on Texas underdog or favorite?

Whether you should bet on the underdog or favorite depends on the odds. If the game is close, betting on the underdog can help you win some more money. However, games with a heavy favorite are often pointless to bet on since payouts will be minuscule for the favorite and next to impossible for the underdog.

What is fading the public at Texas sportsbooks?

Sportsbooks will sometimes change their point spread whenever there is a lot of betting on one side. When this happens, savvy sports bettors will bet based on the sportsbook’s original prediction and maximize the earnings.

Why do odds change at Texas sportsbooks?

Odds can change because of an unforeseen incident, such as an accident to a player or the weather. Sometimes, the oddsmakers will change the odds if there is much more betting on one side than the other.

Why do Texas sportsbooks move the odds?

Texas sportsbook sometimes move the odds so that more bettors are encouraged to bet on the other team. This often happens whenever early betting favors one team dramatically more than the other.

Are totals and over/unders the same thing on Texas sportsbooks?

Yes. Totals and over/unders refer to the same type of bet.