What Is A Moneyline Bet? Explainer With Examples
In this example, Dos Santos is the slight favorite, and Velasquez is the slight underdog. Since right now there is still a lot up in the air and a lot of potential for things to shift, everyone is pretty much considered an underdog. However, as an example let’s say you want to make a wager that the Ravens (currently +220) will win.
This number will also help you to know how much you will profit for a correct pick. In one of the next sections of this guide, we will walk you through how to calculate those potential payouts. Most online betting sites will give you tools to help you calculate this without having to do any math yourself. There are four elements to the moneyline bet that you can see here.
If you bet less or more than $100, obviously, the potential payout adjusts accordingly. Negative odds tell you how much you need to bet in order to make $100 profit if your bet wins. The third component of these markets, those numbers indicate two different things.
Since sports betting is new in Colorado, it’s important that Coloradans understand this common betting type. So, here is a handy guide on moneylines, complete with numerous examples to show how they work. Find the best sports betting sites to place your wagers at online. The second way is “eyeballing it.” If two teams play 10 times, how many times do you think a certain team is going to win? If you say they are going to win 6 times, then you think they are going to win 60% (6/10) times.
The favorite to win will be shown with a -, while the underdog will have a +. Because they’re so simple, moneylines are great to use with free bets offered by sportsbooks. Get the latest sports betting news & VSiN programming updates with this free daily email from VSiN, The Sports Betting Network. With the Blackhawks, you can expect to win $100 with every $100 bet that you place. Recall earlier we spoke about the (+) and (-) associated with each team in a contest? Now, we’re going to explain a little bit more about what the (+) means and how you can use it with money line betting.
Buy – A player pays an additional price to receive a half-point or more in his favor on a pointspread game. There will also be an explanation for which contexts each betting option is most well-suited for. To figure payout on negative odds, take the number from the negative line and divide it by 100. For numbers preceded by a -, the number shows you how much you need to stake to win $100.
No format is different regarding payouts; it’s just a different way of presenting the information. Something that all of our pro bettors on staff preach is that there is no reason to make anything more complicated than it needs to be. Specifically, they are referring to the awful trend of aspiring sports bettors thinking that you must make more complex bets in order to make a living betting sports. The reason we say it’s an awful trend is because this couldn’t be further from the truth. In the upcoming UFC heavyweight title bout, champion Velasquez opened at -105 while challenger Dos Santos opened at -125. It is not uncommon, especially in fight sports, for both money lines to be negative.
Las Vegas is the most popular destination if you want to make a bet on college football, where the number of ‘sports books’ is many. TheSportsGeek.com is not an online gambling operator, or a gambling site of any kind. We are simply here to provide information about sports betting for entertainment purposes. It is your responsibility to verify such matters and to know and follow your local laws. This means that the team would need to win 2.8% of the time for you to break even. Let’s say you think they do have a better than 2.8% chance of winning.
We accept compensation from the companies advertised on this page and this may affect the brand positioning. We endeavour to continuously update this list so we can bring you the most current sites and the best available offers but we cannot review every site in the market. With money odds, whenever there is a minus (-) the player lays that amount to win $100; where there is a plus (+) the player wins that amount for every $100 wagered. If you are into sports betting, then you are probably looking to win some money.