What Are Money Lines? Betting Money Lines Explained
Typically, the point spread will be just a single point , making a moneyline bet the preferred option to take out the spread altogether without losing too much value. Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. Unfortunately, underdogs are underdogs for a reason, and it’s usually because they aren’t very good. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would. A favorite will be represented by a negative money line figure such as -180.
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 and the $100 bet profit. Most baseball bets default to “pitchers listed,” which means the bet get canceled if the listed pitchers don’t throw the first pitch for their teams. Late scratches are not unusual in baseball since pitchers tend to be fragile creatures and teams must look out for their health. If either team switches its starting pitcher late, your bet may be canceled.
While payouts are significant with plus odds, they’re also more difficult to hit because it requires an underdog to win the matchup outright. Kansas City would be the underdog and displayed as Kansas City +6. If you bet the favorite, Detroit has to win by more than six points to win your bet. Remember, the Lions are favored by six points, so we subtract six points from their final score on a spread bet. If Detroit were to win 27-20, Lions bettors would win their wager.
After all, they usually offer a much larger return than a straight bet. Perhaps most importantly, the bookmaker typically takes a fairly low vig, as noted above. Betting into low-vig markets is a best practice for sports bettors no matter whether they play for fun or for profit. Line shopping, or checking the price at numerous different sportsbooks, gives bettors the opportunity to search for the most profitable wager possible in the market. You know you’re going to bet the 49ers, but instead of just accepting the -380 that DraftKings sells you, check every other outlet to see if they will deal you a better price. The betting market unsurprisingly sees the Lions as one of the weakest teams in the NFL.
Recreational bettors have a tendency to overreact to news stories, especially ones that pull on the heartstrings. This can create some really awesome betting opportunities for you to jump on. Expert bettors and sportsbook executives always say that if you can be on the opposite side of the general public on a bet, you’re probably in a good spot.
However, that doesn’t mean moneylines aren’t popular, you’ll find that sportsbooks offer this type of wager on every sport you can imagine. You can clearly see the favorite because you get the lowest payout when you bet on them a.k.a. Liverpool +150. Manchester United are the underdogs at +190, and a draw pays $275 for every $100 bet. 3-way money line bets present sports bettors with much better odds than traditional money line bets because it’s really difficult to forecast these types of outcomes. To better understand money line betting odds, one has to convert them.
Over – A sports bet in which the player wagers that the combined point total of two teams will be more than a specified total. Cash Out – A player can take their open straight bet or parlay bet and cash it out before the event has ended; currently only available in NJ, WV, and CO. Meanwhile, a $100 bet on the underdog Bucks would result in a payout of $185. The money line odds will always be different aside from the plus or minus – those are the only constant.