What Does Moneyline Mean In Sports Betting And Wagering?
For example, a bet on the -120 favorite Arizona Coyotes to beat the Chicago Blackhawks would require a $120 wager to earn $100. Parlay – A single bet that links together two or more wagers; to win the bet, the player must win all the wagers in the parlay. If the player loses one wager, the player loses the entire bet. However, if he wins all the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately. The money line represents the odds of a team winning the game outright without the use of the pointspread. For example -150 means a player must bet $150 for every $100 he wishes to win, $15 for every $10 and multiples thereof.
You win a smaller amount than you bet if you pick the favorite, and you generally win more than you bet if you pick the underdog. The stronger the favorite the less you will win, and vice versa. Say the Bears are a six-point favorite over the Lions and the total is 42. To bet the Bears, you must “lay the points,” meaning they must win by seven or more to cover and give you the win. Betting the underdog Lions, you are “taking” six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. If the Bears win by exactly six, both sides “push” and all bets are returned.
If Team A is getting too much action, I’ll move the line toward Team B to try to achieve that balance. My personal preference is to tweak the vig from –110 to –105 or +100 before taking the bigger step of moving the spread a half-point or more. Take this hypothetical Duke-Kentucky college basketball game in which Duke is a 2.5-point favorite.
For wagering games between two evenly matched teams, or in cases where you are expecting a big upset by an underdog, the moneyline is where you want to look. At this stage, you might be wondering how you can win moneyline bets. Let’s revisit the Anaheim (+135) vs. Nashville (-135) moneyline example. To place your bet, all you need to do is click on the moneyline number attached to the team you believe is going towin the game.
When there are two players or teams listed on a moneyline bet, bettors are choosing one player or team to win. At its very core, sports betting is about wins and losses. So, it makes sense that the simplest bet to make is moneyline betting. A bet on the moneyline is a bet on a team to win its respective matchup.
Check the online gambling regulations in your jurisdiction before placing any wagers with any of the links advertising gambling sites. Earlier, we mentioned there’s an option to “buy” half-points on a spread for an adjusted betting price. In the world of NFL wagering — where so many games are decided by three or four points — it certainly can be. The allure of buying points goes down on other sports, though. In our example of 38.5, if you think the total points scored will be higher than 38 then you’d place a wager on the over.
Under – The player bets that the total points scored by two teams will be less than a certain figure. No action – A wager in which no money is lost or won and the original bet amount is refunded. But keep in mind that you still need to ensure it’s right for your specific circumstances. Don’t always just make a bet against the spread because the option is available to you. Doc’s Sports is offering $60 worth of handicapper picks absolutely free – no obligation, no sales people – you don’t even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc’s Sports Advisory Board list of expert sports handicappers.
If a matchup is between two competitive and even teams sometimes there won’t be a point spread which is referred to as a pick’em. In this scenario the point spread isn’t in play and a bettor would place a moneyline wager on the desired winning team. Handicapping is an important part of strategizing your moneyline bets.
The biggest difference between a moneyline bet and a spread bet is that the former doesn’t involve points. A moneyline bet is when you to simply pick the winner of the game or event. The NFL is the most popular sport in the United States, meaning moneyline bets are commonplace every fall and winter. Many of the NFL moneylines are relatively small because of the parity around the league. Betting on NFL games can have nuances you need to be familiar with. And while that’s simple enough, it’s important to understand what that means in terms of odds and a potential payout for bettors.
At -120, Joe is getting the better price and payout, percentage-wise. The potential payout is based on the pricing of any spread bet in the parlay. A moneyline pays out based on whether a bettor wagered on the favorite or the underdog . For instance, a $100 bet on a -400 moneyline would pay out $25 (plus the original $100 bet) while a $100 bet on a +300 moneyline would pay out $300 (plus the original $100 bet). Every online gambler deserves a safe and fair place to play.