Futures Betting Odds\n\n For example, if the odds for a particular team to win a championship are +500, this means that a bettor would receive a payout of $500 for every $100 they wagered if that team goes on to win the championship.

So, a team with odds of +120 would payout $120 for every $100 wager. A team with +250 odds would pay $250 for every $100 wager (or $500 for every $200 wager, or $750 for every $300 wager).

Morocco defeated Spain 3-0 on penalties on Wednesday and one fan was particularly thrilled by the upset after betting USD$90,818.19 (A$133,000) on Morocco to reach the quarterfinals, which produced an eye-watering return of A$1.6 million.