+200 would be dogs The Hawks are +105 for tomorrow the Flyers -115. Hawks for the series right now would be around -350 is my guess. They were -600 after game 2. -190 after game 4 I dont post here that much but I cant freakin wait til tomorrow. Something tells me a Hawks OT winner off the stick of Hossa in the 1st overtime 3-2 final Can you explain to me how the odds work? What does it mean to be -115? How is it calculated and what is the standard bet/payoff? I've never understood that. Might be a good thing because it keeps me away from the books in Vegas, but I'd like to know. It means the Flyers are favored, and that you have to bet $115 dollars, to win $100 back if the Flyers win. Conversely, the Hawks are very slight underdogs. If you bet $100 on the Hawks and they win, you win $105. So, and I'm sorry for my ignorance, is there any reason to bet on the favorite then? You win your bet + the winnings.