One of the most popular ways to bet on sports is the moneyline. 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. More on that below. In this moneyline scenario, the Patriots are the favorites, which you can tell by the minus sign -. This is universal across all sportsbooks for American odds.
Conversely, betting on the Patriots is less risky, which means it comes with less reward. At Odds Shark, we primarily use American odds because the majority of betting sites use them, especially when displaying moneyline odds. The amount you bet is completely up to you but this method makes it easier to track, especially for recreational sports bettors, because bankroll management is essential for long-term success.
When betting on moneylines, not every matchup will have a clear favorite or underdog. In fact, oddsmakers may think the game is so close to call that their moneyline odds will be nearly the same. When evenly matched teams square off, it can be close to a toss-up in terms of which side will win.
There is almost always an edge to be found. This can also be the case for soccer. Here is an example of moneyline odds for the lower-scoring games:. Before placing any moneyline bets, an experienced sports bettor will do extensive research into the game. Once a matchup is announced in football, basketball or any sport, sportsbooks will release betting odds for the matchup for the moneyline.
The prevailing theory in sports is that teams typically perform better at home than they do on the road. This data may not be the decisive factor when placing your moneyline bet but it certainly needs to be taken into consideration. Researching a specific matchup and how it could potentially impact the game requires a lot of experience and study but for new bettors, it could be as simple as looking at offense vs defense. In MLB, how a team fares against left-handed pitching can be crucial.
No team goes undefeated except for the Patriots and Dolphins. How else are you supposed to predict the future without knowing your history? When betting with a point spread you are wagering that a particular team will win or lose by a certain amount of points. This pays out even-money minus the vigorish, or bookmakers take, which we will later explain further.
If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back. These are examples of 'side' betting with a point spread. There are also 'total' wagers that refer to the total amount of points scored by both teams. The optimal situation for bookmakers is to set odds that will attract an equal amount of money on both sides, thus limiting their exposure to any one particular result.
To further explain, consider two people make a bet on each side of a game without a bookmaker. In a perfect world if all bookmaker action was balanced, they would be guaranteed a nice profit because of the vig. Identify the favorite : Lines with a - before the number i. That does not mean you have to bet that much, it's just easiest to understand! The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite even large, or , favorites , does not mean that they will win.
Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than , and they can be either a positive or negative number. Each one is a little bit different. Just what is a moneyline? Essentially, a moneyline bet is a bet on which team is going to win the game.
There is no point spread or other handicap for either team, so if you pick a team and it scores more points than the other team then you win. Obviously there has to be a catch, though, or the bet would be way too simple. The sportsbooks balance their risk by setting different prices on each team.
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. How do you read a moneyline? A moneyline is a number larger than , and it is either positive or negative. A line with a positive number means that the team is the underdog.
In most cases, the favorite will be the team with a negative moneyline in some cases both teams can have a negative moneyline if they are both closely matched. A team with a moneyline of wouldn't be favored nearly as strongly as a team with a moneyline of Why would I bet a favorite on the moneyline?
The biggest advantage of the moneyline for the NBA is that your team doesn't have to overcome the point spread for you to win your game. If your handicapping leads you to believe that one team is likely to win but you can be less certain that they will win by as much as the point spread then the moneyline may be attractive.
You are sacrificing some potential return because the moneyline won't pay as much for the favorite as the point spread will, but it's obviously better to make a small profit than it is to lose a bet. This is particularly attractive in basketball because the favorites can often face large point spreads and teams can win comfortably and effectively without covering the spread.
Why would I bet an underdog on the moneyline? Simply, bigger returns. You won't win as often, of course, because the underdog not only has to cover the spread, but it actually has to win the game outright. Upsets happen, though, and good handicapping will often isolate situations where the likelihood of an upset exceeds the risk of the bet.
This is especially relevant in the NBA because the number of games, and the possibility for even the best teams to have a bad night mean that major upsets are far from rare and can be very profitable. There's another reason to bet the underdogs on the moneyline as well. If your handicapping has made you feel very strongly that a poor team is due for a big win then the moneyline allows you to profit much more handsomely from your conclusion than a point spread bet does.
The moneyline, then, is a powerful situational tool for people who closely follow the NBA. Understanding Sports Odds Identify the type of line you are looking at. All online sports books offer you the chance to have your lines in an "American" or "Money line" version. If I were you, I would use this as my standard. Two other less common variations exist: decimal odds and fractional odds.
Briefly: --Fractional odds are most commonly found in racing. Identify the favorite. Lines with a - before the number i. How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
A point spread - Lets take, for a hypothetical situation on one of the types of football bets using the point spread , that the Kansas City Chiefs were visiting the Detroit Lions and Detroit was established as a six-point favorite at game time, which is commonly written as Detroit 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 , Lions bettors would win their wager. If the Chiefs were to win the game by any score and you picked the Chiefs you would win not including the extra six points. If the Lions were to win, , it would be exactly six and a push, so you would get your money back. Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread.
ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers.
And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going. Bookmaker's interest - In order to guarantee a profit for the house, a bookie needs to create even action on both sides of a particular game.
In a perfect world the bookie would have 50 percent of the handle come in on the underdog and 50 percent on the favorite. This ensures that the sports books are guaranteed a profit because of the 10 percent commission or "vigorish" charged on most sports wagers. This is why there is "movement" on the point spread. If one side on a game is being bet more heavily, the bookie must move the number in order to attract interest on the other side in order to balance action.
ATS: Abbreviation for Above the Spread Back-door Cover: This term refers to meaningless points scored late in the game by the underdog team to cover the spread. Edge: This is the advantage in any wager. Favorite: This is the team that is expected to win. Handicapper: This is a person who studies and rates sporting events. Hook: This is a half point added to football odds. Lock: This term is used to refer to an easy win.
Longshot: This is a term used to refer to an extreme underdog. Underdog: This is a term that refers to the team that is expected to lose.
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Moneylines are used most commonly in low-scoring games like baseball or hockey , but they may also be used in boxing and other sports. When looking at the moneyline for the game, a bettor will see something like this:. In this instance, the Dodgers are the favored team, as signified by the negative numeral.
Besides baseball and hockey, moneylines are used for betting on other sports where a point spread becomes irrelevant, such as auto racing, boxing, soccer, and tennis. While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game. The difference between moneyline odds increases as the likelihood of the favorite winning increases. For example, in a boxing match, it would not be unusual to see odds such as these:.
In point-spread betting, the bookie hopes to have an equal amount of money wagered on each team, which guarantees a profit. Take this hypothetical Duke-Kentucky college basketball game in which Duke is a 2. The implied probability of the Duke winning is That adds up to Sports Betting. Best Books. Pictured: Andrew Benintendi and Xander Bogaerts. Steve Petrella. Download App.
Table of Contents 1. Moneyline Definition 2. How Does a Moneyline Work? Placing a Moneyline Bet 4. Calculate Moneyline Odds 5. Why Bet Moneylines? Is There Juice on Moneylines? Moneyline Definition A moneyline bet requires you to simply pick the winner of the game or event. What Is Juice in Sports Betting?
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