The Washington professional football team, owned by Dan Snyder, recently announced that the “Redskins” nickname and logo will be retired as part of a thorough review by the club. With that news, sportsbooks have released updated betting odds on potential new names for the franchise.
Here is the press release that came out on Monday, July 13, straight from the Washington Redskins’ Twitter account:
The best football betting sites have compiled a list of 12 names that bettors can wager on, with “Red Tails” and “Red Clouds” currently the betting favorites at +125. The Red Tails were the nickname used by the Tuskegee Airmen, who served in the Second World War, while Red Clouds is in reference to the powerful Indian leader Red Cloud from the late 1800s, which would honor native heritage.
MLB’s Cleveland Indians are also undertaking a review of their team name and this historic name change could lead to more teams in professional sports following Washington’s lead.
Here are the full betting odds on what the next team name of the Washington NFL franchise will be:
|Red Tails or Red Clouds||+125|
Odds as of July 19 at [ol-sportsbook-bp:48:Bovada:26:Bodog]
Understanding Washington Name Change Prop Odds
When you check out your sportsbook of choice for NFL betting props like what Washington will change its team name to, you’ll see prop odds that look something like this:
Red Tails or Red Clouds +275
To bet on these odds, you would be making a prop bet – more on that in a bit. In this case, there isn’t a clear favorite, similar to a moneyline or spread bet. When you don’t see odds with a minus sign (-) beside them, then the option with the lowest odds is the fave. The rest are considered underdogs.
If you think Washington will rename its team the Presidents, and you bet $100 on it, you’d get a payout of $500 – you get your $100 back along with your winnings of $400.
Our Odds Calculator will show you how much you’d win based on the odds and amount bet.
Doc's Picks Service
Need more winning picks? Get $60 worth of premium member picks from Doc’s Sports – a recognized leader and trusted name in sports handicapping since 1971.