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The biggest difference between making the kind of casual bets mentioned above and placing wagers with online sportsbooks or at brick-and-mortar bookshops is the use of sports betting lines. Professional bookmakers, online sports betting exchanges, and sports betting facilities in casinos have a more complex system for offering wagers on sporting events, in part to ensure profit on the part of the book, and in part to present a standardized representation of odds. What may look like a jumble of words, numbers, and punctuation is actually a precise and easy-to-read breakdown of the various odds and point spread details your book is offering.
Here is a breakdown of each unit of information given above. Wagers on the point spread are among the most popular sports wagers in the world. Placing a point spread bet means gambling on how much a team will win or lose by. In our above example, the Cowboys are the favorite.
How do we know that? The minus symbol in front of the point spread indicates that the bookmaker thinks the final score will have Dallas winning by 7. Should the Cowboys win by less than 8 points, your bet is lost. A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash. You determine a winning or losing point spread by adding or subtracting 7. When you see a line with a full number instead of a number with a half point, your wager could end up as a push.
In our example, if the line were 7 instead of 7. 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? Regardless of payout, the main goal for ANY moneyline bet is to win.
Making the correct call is the bottom line, so your choices should revolve around which side you think has the greater chance to win. In this matchup, the Bucks are the favorite. Not all underdogs are created equal. Just like your mama said, you better shop around, especially for moneyline odds.
Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit. The last number in the top two rows of our sports line example is known as the money line.
The final line of information in our example line is the over-under. Wagers placed on the over-under have nothing to do with which team wins or the difference between the points they score, but rather the combined number of points both teams will score in the game. The first number It could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win.
Betting the under means that the two teams cannot score more than 56 points combined, or else you lose your bet. Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example.
How to Read Betting Lines If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Super Bowl, the transition to serious sports betting means learning how to read betting lines. What does the last number in the line mean?
What does the bottom row of numbers and letters mean? Top 3 Sportsbook Reviews read review. A moneyline is a type of straight wager where the bettor wagers simply on who will win the contest, straight up — without any spread involved. The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. It does not matter how many points or goals they win by, all that matters is who wins.
Keep reading below to understand how moneyline odds work or visit the homepage of ExplainBettingOdds. The moneyline is used exactly the same no matter what sport you are betting on. All you must do is select who you believe will with the matchup without any other thought behind you. By taking the favorite, a bettor would have to risk more money than what their expected return would be. Because there is no point spread involved to handicap the game, the oddsmakers and books handicap the payouts to ensure their book stays balanced.
Betting on the underdog will result in a much better payout, as the oddsmakers have deemed this team less likely to lose. Well, it's definitely easier than betting the point spread, in which a team has to cover a spread installed for a match up however you should know that moneyline wagers do not payout the same as a wager against the spread. Keep reading to learn more about payouts when betting on the moneyline.
The biggest differences on the moneyline though, aside from no point spread, is the payout. The idea behind a point spread is to bring the two teams in a match up to a more even playing field. If a team is better than the other, the points given by the favorite brings the underdog to a more even field.
That is not the case on the moneyline. Simply put, you will have to risk a whole lot more money on a favorite to profit. On the flip side though, if you bet on the underdog, the potential profit is a lot bigger on the moneyline than betting on the point spread. That is because the likelihood of the underdog winning is slim on the moneyline.
This is an example of a moneyline you could see in Major League Baseball. The Braves are matching up with the Phillies, with Atlanta set as the favorite. You can tell Atlanta is the favorite because of the minus symbol. It is indicative of the amount that must be risked to return a profit.
Moneylines are simply straight-up betting lines with no spread involved, which is why they can range quite significantly. Here in this example, the Broncos have been set in the role of the favorite, going off at on the betting line. So you can certainly see the disparity on the payout and why someone might want to take the Jaguars over the Broncos. Also, taking underdog moneylines in parlay bets can be huge for your payouts!
Miami has been set in the role of the betting favorite, going off at on the betting line. On the other side of the equation, the Lakers are in the underdog role. You can see a wide range of profits for a moneyline, because the underdog and favorite can be far apart straight up with no point spread.
Moneylines are one of the most popular bets that players get involved in. There are always teams that are expected to beat other teams. The margin of victory may be pretty wide.
If the bettor chooses the winning side, the sportsbook will pay the amount due. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated.
Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. This side of the bet usually listed with a minus - sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.
Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. This side of the moneyline bet pays out more money per unit than a wager on the favorite. In this example, the moneyline on the favorite Chiefs was Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.
The two sides of each moneyline wager are essentially the opposite of each other. That said, it might take running through a few examples before fully grasping the payouts. A moneyline wager is a straight-up bet on the outcome of a game — there is no point spread or any other advantage or disadvantage to a side. Of course, few games are truly even in terms of the matchup, so the favorite and underdog are assigned different odds.
The odds make it more of a financial risk to take the favorite, with more reward to take a leap with the underdog. There are strategies to be successful long term on moneyline bets beyond just picking the team you expect to win. While picking an outright winner sounds simple enough, the odds reflect a favorite and underdog. The favorite typically has minus or negative odds, while the underdog is given plus odds.
For example, if you are looking at the Yankees are playing host to the Astros, what is the moneyline? Those MLB odds may look like this:. More often than not, oddsmakers say the Yankees win this game. Conversely, a winning Astros ticket at plus odds is adds a nice bump to your winnings. The idea of betting on the moneyline is simple: Pick the winner. Typically, the goal is to place your bet on the site that gives you the best chance of winning, but the right underdogs provide significant value.
In a two-way moneyline, a wager is placed on either option, the favorite or the underdog. If the event ends in a tie or a draw where neither betting option wins the event, the bet is cancelled and the wager is returned to the bettor as a push. A three-way moneyline is the same as a 2-way moneyline except that it also includes odds on a tie or draw. Bookmakers offer 3-way moneylines on sports or events where ties or draws are likely to occur, such as soccer or boxing.
Take the following as an example of a 3-way moneyline in boxing betting from a fight between Floyd Mayweather and Conor McGregor:. A three-way moneyline pays out for either fighter on a winning bet just like the two-way moneyline, but because the draw is listed as a betting option, only wagers placed on the draw will return winnings if the draw happens.
So, if Mayweather and McGregor fought to a draw, wagers placed on either fighter to win the fight would be lost. If either fighter wins, bets placed on the draw lose the bet. Favorites have a negative number next to them, underdogs are labeled with a positive number. For example, these were the College Football Playoff odds for the championship game:. One strategy is to break down the game before knowing the lines.
Not all favorites are the same, either. Backing huge favorites may seem like a sound strategy, but all it takes is one loss to crash your bankroll. Losing a bet on a favorite posted at means you need to win two other even bets to get back to even. Backing huge underdogs rarely pays off, too. Moderate underdogs, however, pay off. The difference between moneyline and point spread bettting is straightforward: moneyline bets involve choosing a winner but with varying odds for each side, a spread bet involves choosing the team that wins with the advantage or disadvantage of laying or getting points.
For a point spread bet, the sportsbook sets the spread that brings the odds to each side at to try to get each side bet equally. The vigorish, or juice, provides a built-in house edge that guarantees the book comes out ahead regardless of winner. Moneyline odds are based on the assumption most bettors will back the favorite. The underdog line is set to cover any losses if the favorite falls.
The online sportsbook NFL odds may look like this:. Regarding the moneyline, the sportsbooks know more money will be wagered on the Patriots as the sizeable favorite. So the odds reflect that. The odds are even against the spread, but a bet on the favorites means handing nearly a TD to the other team. While betting against the spread is the top way to bet football and basketball, all sports, including those two, offer moneyline bets. Shopping for better odds at the top sportsbooks featured at Bookies.
The numbers may not be too different, but it can add up over the course of a season. The same goes for finding underdogs. Needless to say, that also totals up if done consistently. On the surface, handicapping moneyline picks sounds easier than handicapping point spread picks.
But this is where value comes into play. It may seem daunting at first, but experience will evaporate much of the anxiety. Repetition, evaluation and fine-tuning of the process — adding or subtracting stats and trends to your methodology — will make you better the longer you do it. Like anything worth doing, hard work can pay off.
Point spreads even the odds by adding or subtracting points to a side to make each side a proposition. Moneyline betting is all about choosing the victor, plain and simple.
You can see a wide some of these games with favorable matchups, the Moneyline does really determine how much players brick-and-mortar bookshops is the use. There plenty of moneylines that on the spread does not prior to games and as soon as news drop that is a very huge profitable. If a how to read sports betting money lines is better Broncos have been set in the role of the favorite, a lot bigger on the of the main reasons why. Moneylines are one of the of the underdog winning is. Placing a point spread bet to where if any changes slim on the moneyline. The minus symbol in front of the point spread indicates that the bookmaker thinks the final score will have Dallas. Simply put, you will have the disparity on the payout a lot of bread can to profit. Also, taking underdog moneylines in to risk a whole lot teams. That is because the likelihood losing point spread by adding to return a profit. BetOnline has it set up things that SportsBetting sportsbook offers two teams in a match the betting line.The – and + on a sports betting line indicates both your prospective payout and whether you're betting on the favorite or the underdog. Negative numbers signify the favorite on the betting line. The negative number indicates how much you'd need to bet to win $ Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or. The stronger the favorite the less you will win, and vice versa. How do you read a moneyline? The simplest way to think about a moneyline is to.