What Is A Moneyline Bet
Since it is a bet on the total points scored it is irrelevant how many each team scores. Over/Under bets are not just limited to total points scored as below are some of the most common you’ll see. In this case, NY is a favorite and Colorado is an underdog. If you want to bet with the Yankees, you need to bet $250 to win $100.
What makes point spreads so much fun for gamblers is that the team you select does not actually have to win the game. All they must do for you to win your bet is “cover the spread,” which means they are within the number that is posted. A Money Line or straight up wager is a bet on the outright winner of the game or event, without any point spread odds. A Money Line better doesn’t have to worry about a team winning or losing by a certain number of points. For basketball and football, point spread bets receive a ton of attention, but there’s also moneyline betting for these two sports.
The moneyline is the most common, most popular, and probably the most straightforward way to bet on sports. There are other sports where moneyline based odds are used. Most of which involve a head-to-head matchup of individuals not teams. However, there are some sports where the best option is on the moneyline. While you will get a much higher return on your investment, the odds aren’t the same both ways.
It’s always wise to shop around for the best price for the side you like. For example you might see -200 on one book and -160 at another. If you bet the same $100 and your team wins, that’s an extra $12.5 profit if you got -160.
This is a skill that you will develop over time; as you place more wagers you’ll get more of a feel for it, and you’ll get better as time goes on. Moneyline bets are set in relation to how much a bettor would have to bet to win $100 if betting on the favorite, or how much they’d win if they bet $100 on the underdog. Betting on the moneyline means picking a team to win, plain and simple. The actual number (+111 and -120 in this case) affects what is paid out, not how the bet is graded. Your bet either wins or loses based on if the side you picked wins, simple as that. If the game or match is delayed or canceled for any reason, the bet will generally be graded as a push, and your wager is returned to your account.
For baseball, MLB final scores can vary but generally don’t surpass 12 runs between the two teams. For the Celtics, you would only need to wager $36 to win $100 since they’re the underdog. But for the Lakers, you would need to bet $140 to win $100 in profit.