Money Line Of
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
East Lancashire Moneyline (IPS) Ltd. The Globe Centre St James Square Accrington BB5 0RE. Registered in England and Wales: 29282R. Authorised and regulated by the FCA. 4 Safe Financial Products to Put Your Money to Work in this Low Interest Rate Environment. By admin 5 days ago. Financial Planning. Category Insurance. Aviva My Multipay Critical Illness Plan IV – A Summarised Understanding of a New Multiple Claim Ci Benchmark. By admin August 28, 2020. MoneyLine is an easy personal finance software that allows you to track your money, bank accounts and spending all in one easy location. Control your finances by tracking your spending, bank account balances and categorizing purchase and income transactions. A moneyline bet is on who will win the game, irrespective of the spread. Green Bay Packers +130. New York Giants -145. In the above example, the minus (-) sign in front of the price means that the New York Giants are the favorites in this particular game.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.
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When you think about sports betting, the first wager type that comes to mind is probably the moneyline. The moneyline bet is a straight-up wager on who wins a game, fight, or any other matchup.
The term ‘moneyline’ might sound like a sort of foreign language. That’s okay! We were all rookie bettors who had to ask questions at some point.
We’ll break down moneyline bets and walk you through everything you need to know about them.
The Moneyline Made Easy
You’ve already learned how to read and interpret the three types of odds you’ll encounter, so let’s move onto the elements of sporting events you can bet on.
When making a moneyline bet, you’re simply selecting the outright winner of a single game.
When making a fundamental moneyline bet, you’re simply selecting the outright winner of a single game. This is the most straightforward bet you can make. There are no other contingencies.
Here’s an example of the moneyline bet in action:
To place your bet, all you need to do is click on the moneyline number attached to the team you believe is going to win the game. If you think Anaheim will win, click on the +135. If you like Nashville, click on the -135.
From here, your pick will be added to a bet slip where you be asked to enter the amount you wish to risk on your moneyline wager. So, how can you tell how to calculate your payout on the moneyline?
Breaking Down the Moneyline
The numbers next to each team on the moneyline are American odds which:
- indicate each team’s implied probability
- determine how much money you would win, based on your wager.
The team that has a “+” sign on next to their odds is the underdog, while the team with “-” next to their odds number is seen by your sportsbook as the favorite.
In some cases, both teams will have “-” signs next to them. In this case, the team with the number farther from zero should be regarded as the favorite (eg. -120 would be the favorite over -105).
Because the bet will be harder to win, you will always receive a higher payout when you bet the underdog on the moneyline. Of course, the risk of losing such a bet is also substantially higher.
Winning Moneyline Bets
At this stage, you might be wondering how you can win moneyline bets. Let’s revisit the Anaheim (+135) vs. Nashville (-135) moneyline example.
If you bet $100 on Anaheim at +135 moneyline odds and they win the game, you win $135 for a total payout of $235. On the flip side, you need to successfully wager $135 on Nashville to win $100 for a potential payout of $235.
When it comes to moneyline betting, the lines with a plus symbol tell you the amount of money you’d win on a $100 wager, while odds with the minus sign indicate the amount you need to bet to win $100.
Moneyline wagering is a relatively easy concept to understand once you get the hang of it.
Popular Sports with Moneyline Odds
You can find moneyline line odds for virtually any sport, including some of the following leagues:
Money Line Of Credit
- NFL
- NBA
- MLB
- NHL
- UFC
Moneyline odds will look similar across the board. The positive number indicates the betting favorite, and the negative number is assigned to the underdog.
Handicapping your Bet
Handicapping is an important part of strategizing your moneyline bets. If you see moneyline odds for a team, and you believe they have a good chance of winning, then you’re already familiar with the concept of handicapping.
Using analytical research, key betting trends, or any other knowledge that might eliminate any guessing in a bet is called handicapping. Handicapping assigns an advantage to a team based on available evidence and statistics rather than a gut instinct.
Beating the oddsmakers is a tough task, but the more research and handicapping you do on betting lines, the better chance you have at padding your bankroll.
Opening/Closing Odds and Line Movement
Online sportsbooks will adjust their moneyline odds as one side gets more of the action from the betting public. This changes the value of your potential return, so it’s important to pay attention to line movement and the opening/closing odds.
Let’s use the Super Bowl as an example. A team like the Kansas City Chiefs could start as -125 favorites, but as more people bet on them leading up to the Super Bowl, the odds might move to -150 or more. This could have a big impact on your winnings, which is why it’s important to find early betting lines that have better value for NFL games.
Experienced sports bettors track the odds very closely, and watching the moneyline is an effective way to gauge what the oddsmakers are thinking. If you find a team you’re confident in, and the oddsmakers are moving the lines the other way, then you’ll have the edge over the sportsbook if your team wins.
Why Are There Fractions or Decimals on the Moneyline?
This depends on the audience your sportsbook targets. The + and – signs you see are referred to as “American” odds. As such, American-facing books will almost always represent the moneyline in this format.
Sportsbooks outside of North America sometimes display the moneyline in either a decimal or fractional format. Even so, the moneyline always refers to betting on the winner of the game, regardless of odds format.
If you need a refresher on calculating all types of odds, be sure to check out our guide. This skill is essential to understanding the moneyline and giving you a return on wagers!
Why Is There No Moneyline for My Game?
Sportsbooks don’t always offer a moneyline option for a game. Sometimes, they will simply offer totals and spread bets.
For example, many sportsbooks only offer an option to bet on the NFL moneyline if the spread is between 3 and 10 points. If one team is a heavy favorite (and the spread is listed at 14 points or more), many sportsbooks will choose to offer only spread and totals bets. This is an industry-standard, in most cases. However, there are exceptions to this rule at select online sports betting sites.
Other Factors to Consider
Here’s a few other things to keep in mind when you’re looking at moneyline odds at online betting sites:
- Shop for the best lines – moneyline odds aren’t the same at every sportsbook
- Point spread betting – look at other options like betting the point spread if you’re on the fence about a moneyline wager
- Watch the vig – sportsbooks include a fee right in the betting lines, and bookmakers create odds that attract wagers on both sides
Get Closer to the Action
Sports betting is the best way to get more involved with your favorite games, and we have all the knowledge you need to wager with confidence. Check out Betting 101 for more guides that can help you drill the fundamentals.