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- Moneyline Meaning In Betting Terms
- Moneyline Meaning In Betting Poker
- Betting Moneyline Nfl
- Moneyline In Betting For Football
- Moneyline Meaning In Betting Nfl
- Moneyline Meaning In Betting Odds
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In point-spread betting, the bookie hopes to have an equal amount of money wagered on each team, which guarantees a profit. In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite. A moneyline bet simply involves you picking one of two teams to win the game. No catch, no angle, just the right answer or the wrong answer. Each team/person in a matchup for a moneyline betting option is given a separate numerical value for bettors to wager on and these are called “odds.”.
You’re clearly intrigued by the idea of sports betting, but maybe view it as a sort of foreign language. That’s okay! We were all rookies who had to ask questions at some point.
We’ll breakdown what moneyline bets are 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 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.
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:
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.
Breaking Down the Moneyline
The moneyline numbers next to each team 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 its moneyline number is the underdog, while the team with “-” next to its moneyline 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 0 should be regarded as the favorite (eg. -120 would be the favorite over -105).
The moneyline is a relatively easy concept to understand, once you get the hang of it.
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.
Moneyline Meaning In Betting Terms
Oftentimes, sportsbooks outside of North America display the moneyline with either a decimal or fractional format. Rest assured, the moneyline always refers to betting on the winner of the game, no matter what.
Oftentimes, sportsbooks outside of North America display the moneyline with either a decimal or fractional format. Rest assured, the moneyline always refers to betting on the winner of the game, no matter what.
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 Option Listed for a Particular 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.
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.
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
Moneyline Meaning In Betting Poker
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.
Betting Moneyline Nfl
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
Moneyline In Betting For Football
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.
Moneyline Meaning In Betting Nfl
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.
Moneyline Meaning In Betting Odds
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.