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Sports Betting Odds Explained: Moneyline, Spread, and Parlays

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ArenaPlus sports betting odds banner explaining moneyline, spread, and totals bet types, with examples of decimal, American, and Hong Kong odds formats and a parlay overview.

Every bet on ArenaPlus comes down to three things: what type of bet you’re placing, which odds format you’re reading, and — if you’re combining bets — how a parlay gets scored. Here’s a plain-language breakdown of each.

What bet types are available?

The three foundational bet types cover most of what you’ll place:
 
  • Moneyline — picking the outright winner, no point margin involved
  • Spread — a bet adjusted for the expected margin of victory, so a favorite has to win by more than the spread and an underdog can “cover” by losing within it
  • Totals — betting on the combined score of both teams, over or under a set number 55
 
Most other bet types you’ll encounter are variations or combinations built on these three.

How do odds formats work: Decimal vs. American?

You’ll typically see odds in one of two formats:
 
  • Decimal odds show your total payout per unit staked — a decimal of 2.50 means a ₱100 stake returns ₱250 total (including your original stake).
  • American odds show either how much you win on a ₱100 bet (positive numbers) or how much you need to stake to win ₱100 (negative numbers).

 

You can switch between formats in your account settings — pick whichever one you find easier to read at a glance, since they represent the same underlying probability either way.

What is a Parlay and how is it scored?

A parlay combines multiple individual bets into a single wager. The catch: every selection in the parlay has to win for the whole thing to pay out. If even one leg loses, the parlay loses.
 
In exchange for that all-or-nothing requirement, the combined odds across all your selections multiply together, which is why parlays can offer a much bigger potential return than betting each selection separately.
 
That higher potential payout reflects genuinely lower odds of winning — worth keeping in mind before stacking a long parlay, since it’s a higher-risk bet type, not a shortcut to easier wins.

Frequently asked questions

What bet types are available (moneyline, spread, totals)?
Moneyline bets pick the outright winner, spread bets adjust for the expected margin of victory, and totals bet on the combined score of both teams.
Decimal odds show the total payout per unit staked; American odds show how much you win on a ₱100 bet (positive) or how much to stake to win ₱100 (negative). You can switch formats in yo
A parlay combines multiple bets into one wager. All selections must win for the parlay to pay out, with combined odds offering a bigger potential return.

ArenaPlus is a PAGCOR-licensed sportsbook open to players aged 21 and above. Gambling does not guarantee earnings or financial gains — always have a game plan and play within your means. If you’d like tools to manage your play, visit ArenaPlus’s Responsible Gaming page, or contact PAGCOR at (02) 8522-0299 / www.pagcor.ph/regulatory/responsible-gaming.php. Gambling can be addictive — know when to stop.

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