Money Line Betting
Some bettors will bet the underdog on the moneyline as well as picking the team to cover the spread in an effort to protect themselves in case one bet hits and not the other. That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting. In most cases, the favorite will be the team with a negative moneyline . A line of -160 means that you would have to bet $160 to win your base amount of $100. A team with a moneyline of -130 wouldn’t be favored nearly as strongly as a team with a moneyline of -330. Money line odds – These are by far the most common form of odds in North America for sports betting.
There’s no point spread to worry about or anything like that. The advantage of parlaying your moneyline wagers is that the payouts for winning such bets can be much higher than if you just bet on each market by itself. The degree of difficulty and risk goes up exponentially, as will your reward if you pull off the feat. If your bet wins, you will always get your original wager back, plus any profit, based on the odds the sportsbook offered at the time you made your bet.
As with point spread bets, you must generally wager $110 to win $100. A standard money line bet has two outcomes – Team A wins or Team B wins. We can illustrate 3-way moneyline bets with several sports including hockey and soccer. Let’s take an example of UK soccer giants like Liverpool FC versus Manchester United. With basketball money lines, you are predicting which team will win that particular quarter.
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So, if you bet $250 on the Yankees to win the game, you’d win $100 if they actually won and you’d lose your $250 if they lost. They represent the “money-line” and they are used as a way to take into account that some teams are better than others. If both teams in a contest were exactly evenly matched and there was no profit for the sportsbook, then you could simply bet $100 on either team, and if they won, you’d get paid $100. For the second game, the bookmaker has set the money at -300 for the Pack and +230 for Buffalo. If you can pick a 6.5 point underdog to win straight-up, you would win $230 for a mere $100 bet.
You can always use our betting odds calculator to calculate payouts and convert odds. For a point spread bet, the sportsbook sets the spread that brings the odds to each side at -110 to try to get each side bet equally. The vigorish, or juice, provides a built-in house edge that guarantees the book comes out ahead regardless of winner. For example, if the Arizona Cardinals are a -250 favorite against the +180 San Francisco 49ers, a bettor would need to wager $250 on the Cardinals to win outright to win $100. But, there is going to be one that is better depending on your prediction and the situation.