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The Chiefs’ betting odds to make the playoffs, explained

What does +120 mean?

San Francisco 49ers v Kansas City Chiefs Photo by Jamie Squire/Getty Images

The Kansas City Chiefs have opened up at +120 odds to make the postseason, according to betting odds released by OddsShark and BetOnlineAG.

So, what does +120 mean?

In the betting world, that would mean you would need to bet $100 on the Chiefs to make the playoffs in order to win $120. The Chiefs are thus slight underdogs to make the playoffs, or have a 45.45 percent chance, according to betting odds.

Keep in mind, these odds will change throughout the season (with every win, that percentage will go up).

In contrast, the Los Angeles Chargers are listed at -145. What does that mean?

In the betting world, that would mean you would need to bet $145 on the Chargers to make the playoffs in order to win $100. The Chargers are thus favorites to make the playoffs, or have a 59.18 percent chance, according to betting odds.

Conclusion

I said it just last week, but the Las Vegas betting odds concerning the Chiefs continue to scare me. The positive news here is that +120 is essentially a coin flip, a good thing whenever you’re dealing with a first-year quarterback.

My thought is if you can make the dance with Patrick Mahomes having 17 games of NFL experience under his belt, you never know.

That’s the type of year we’re likely dealing with. Whether it’s 9-7 or 10-6 or even 8-8 (yikes), just make the postseason and see if you can go on a run.

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