Moneyline Odds Explained

American Odds

• Jun 15, 2020 Money Line betting is the most common type of sports bet. The simple format ensures it’s a popular choice for beginner bettors. However, more advanced bettors will still turn to this market to find value.
• Moneyline betting is a great way to introduce yourself to betting tennis, and betting on underdogs can be an exciting proposition for many sports betters as.

One of the most common ways to see popular U.S. sports betting odds expressed is as ‘Moneyline’ odds. In contrast to the approach of decimal and fractional odds, this system references the odds to a fixed reference of $100. This creates a framework that means you may see the moneyline odds for an event shown as a positive or negative value, which in a team sport like hockey, baseball or football gives a very clear indication of the sportsbooks evaluation of the favourite and the underdog in a specific match.

Moneyline Betting Explained The money line bet is the most common and most popular method of betting across all sportsbooks. A Moneyline wager lists odds in terms of cold hard cash, based on who you are backing to win the game. Moneyline vs Point Spread Betting Explained If you are at all familiar with sports betting, you will know that there is a stark difference between moneyline and point spread bets. Although both of these bets are placed on the outcome of a game, one is focused simply on the end result, whereas the other measure the degree of success. Money Line: The sports betting term 'Money line' explained. At the Online Gambling Paper we always stride in helping bettors by explaining the basic sports betting terminology in the simplest way possible. Here we will look at the term 'money line', its variations, mistaken meanings and more.

Digging in a little further, positive moneyline odds indicate how much a $100 stake will return if the wager is successful. Negative moneyline odds indicate the size of stake required to return $100 if the wager is successful. Clearly an example would help make this a little clearer, so here we go:

Let’s say Team A are to play Team B in a baseball match. Team A are favourites to win and a sportsbook offers moneyline odds of -170 for them to win. Team B, the underdogs, attract moneyline odds of +140 to win. It may seem counterintuitive that the favourites have negative odds and the underdogs positive odds, but this is how the system works and we can understand the risks and rewards now.

• The odds for Team A indicate that a $170 stake would return $100 profit if Team A won, i.e. 0.59 (100 ÷ 170) times the stake.
• The odds for Team B indicate that a $100 stake would return a profit of $140, i.e. 1.4 (140 ÷ 100) times the stake.

As you should hopefully have grasped by now, you’re not obliged to bet $100 on a positive moneyline bet, or the sum to win $100 on the negative moneyline bet – they can also be expressed as a multiplier of any wager the sportsbook will accept!

The above example also leads the way into how you can convert moneyline odds to fractional or decimal odds if you prefer to assess the value of offered bets in that way.

With negative moneyline odds divide 100 by the odds given. Round that to two decimal places and add 1 to get the decimal odds. Alternatively express the result of the division (rounded to two decimal places) as the smallest fraction possible and you have the fractional odds. Using the example above:

• Moneyline odds of -170 translate to decimal odds of 1.59 (1 + (100 ÷ 170)) and fractional odds of 59/100 (the smallest fraction to express 0.59)

With positive moneyline odds divide the odds given by 100. Round that to two decimal places and add 1 for the decimal odds. For the fractional result, express the result of the division (rounded to two decimal places) as the smallest fraction possible. Applying this to Team B’s odds above:

• Moneyline odds of +140 translate to decimal odds of 2.40 (1 + (140 ÷ 100)) and fractional odds of 7/5 (the smallest fraction to express 1.40)

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Football Moneyline Betting

What is a Money Line or Straight Up Wager?

A Money Line or straight up wager is a bet on the outright winner of the game or event, without any point spread odds. A Money Line better doesn't have to worry about a team winning or losing by a certain number of points.

Oddsmakers still determine a favorite and an underdog by the overall strength of the competitor, but the odds given are based on the amount of money that needs to be put up in order to place the bet.

Example:

The bettor will receive odds that resemble these:

Moneyline Nba Betting Explained

Colts –140

Bears +120

The (-) symbolizes which team is the favorite and the (+) indicates which team is the underdog. So in the above example, the Colts are the favorite and the Bears are the underdog. All the bettor is wagering on is who he or she thinks will win the game.

Moneyline Betting Nba

If one were to bet on the Colts, he or she would have to risk $140 to win $100 (or $105 to win $75; $70 to win $50, etc). If one were to bet on the Bears, he or she would only have to risk $83.33 to win $100 (or $62.50 to win $75; $41.67 to win $50, etc).

Moneyline Betting Explained Against

So while the Colts are the favorite to win the game, one would have to risk more money if they wanted to bet on them.