Arguably the most accessible form of betting, money line is what most regular bettors use as well as the preferred choice for newcomers. Below you’ll learn the fundamentals of money line betting.
200 Money Line: 100 / 200 =.5 +1 = 1.5 Decimal Odds-350 Money Line: 100 / 350 =.286 +1 = 1.286 (1.29) Decimal Odds-625 Money Line: 100 / 625 =.16 +1 = 1.16 Decimal Odds; Pros & Cons of Money. The UFC and boxing league is opening up the betting markets like never before; here is how to bet on fights online using these money line betting systems.
Overview
Of all types of betting, money line is perhaps the most straightforward: to win you must bet on the competitor that will win the contest. Unlike point spread betting, money lines doesn’t add or subtract any points from the outcome of the game. The final result is all that matters.
Money line is used for all manner of sporting events, which either rely or don’t rely on a point-based scoring system. Basketball, football, and handball are examples of team-based games in which results are presented as a score. Note that money line is frequently used as an alternative to point spread for these games.
Rules
The following money lines rules are by far the most commonly encountered.
Bookmakers use the signs “+” and “-” to denote how the betting is carried out. In order to win $100, the bettor must make a bet that matches the figure which comes right after the “-” sign. To win the amount shown after the “+” sign (which is more than $100) you must bet at least $100.
To win, your the competitor or team you’ve chosen must win the game.
Usually bookmakers declare contests that end in a tie as no action.
Point spread bets and money line bets cannot be used at the same time on the same team or competitor. On the other hand, totals bets and money line bets can be combined.
Example
The first example is about a supposed tennis match, say a Wimbledon final between Roger Federer and Rafael Nadal. The bookmaker advertises the following bet: Nadal (-140) to beat Federer (+120). Under these circumstances, you must bet $140 to win $100 if Nadal beats Federer. On the other hand, you must bet $100 to win $120 if Federer wins the game.
What Is A Moneyline Bet On Fanduel
Chapter 6 Where’s the money? To pay off one’s debts “Whenever Ann loses a bet she refuses to pay off”.
The second example is about a supposed Champions League encounter between F.C. Barcelona and Real Madrid, where the bookmaker features the following bet: F.C. Barcelona (-160) to beat Real Madrid (+160). In this case you must place a bet of $160 to win $100 if F.C. Barcelona wins. Alternatively, you must bet $100 to win $160 if Real Madrid wins.
Note that “$100” is given as a reference by bookmakers. The sum you can bet and your possible winnings are scalable. For example, you can bet $10 on Real Madrid and win $16.
Notes
As it has been made clear above, money line is entirely about who wins the game – the difference in the final score doesn’t matter. The way money lines works puts emphasis on the underdog, and bookmakers tend to earn substantially only when the underdog wins. Therefore, they have to take far greater risks with money lines than with point spread. This is the reason why the winnings that come with money line, though undoubtedly attractive, tend generally to be somewhat lower when compared to those of point spread betting.
Moneyline is a form of winning bets, where you need to determine the winner (team or player). Moneyline Betting is one of the easiest sports betting you can find. This term is mainly used in American sports, where a widespread type of bet is the scatter of points. Instead of betting on the difference, in the end you are just trying to guess which team will win the match. It may seem simple, but when you are used to maintaining a favorite, the odds seem lower compared to scatter bets.
Money line bets are especially preferred by American bookmakers and are usually presented in US odds. These odds are either positive or negative. The favorite is represented by negative money line odds, and the outsider is represented by positive odds.
Negative numbers show how much money you need to bet to win $100. European (decimal) odds of 1.50 are indicated as -200. On the contrary, positive numbers show how much money you can win if your bet is $100. European-style odds are presented as 3.00 and correspond to +300.
How moneyline works?
The moneyline uses odds instead of handicap points (or goals) to balance the theoretical difference in strength and the chances of winning both teams. Bookmakers have lower odds for favorites and much higher for outsiders. The goal is obvious: to create the most balanced betting market by reducing the payment according to the favorite and increasing it for the outsider, given that the latter is supported by much smaller amounts. This means that a moneyline bet can be much more profitable, even if you have a decent percentage of winnings with the support of outsiders.
Moneyline vs Spread
This is a completely different type of bet, which therefore requires a different approach in order to make a profit in the long run. Moneyline bets look easier to understand and much less exciting, since all that is required is for your team to win the match, even with the slightest margin. Thus, you can stop worrying that the team you choose will win the match, but not break the scatter of points (or goals) needed to win.
If you are well versed in outsiders, then money line bets are for you. When the outsider of your choice wins, even by one point or goal, you will receive much more money compared to bets on the positive spread line. A basketball outsider with odds of 3.50 is a much better choice than the same team with a scatter of +9.5 points with odds of 1.92. Of course, you can be a little nervous in the last minutes of the match, however, it is really worth it.
Strategy selection
It’s all about finding winners. If you invest in the choice of winning teams so that your winning margin exceeds losses, moneyline bets will be beneficial for you. You can make money even by betting on extremely low odds, such as 1.15 or 1.20, if your players win 80% of your matches.
When the average odds of your winning bets are 4.00, you only need to win 26% of the bets to make a profit. With a win percentage of 30%, you can earn a lot of money. However, you should not be too optimistic. In theory, it sounds beautiful, but in fact it is difficult to get such a winning percentage when betting on money lines.
Simply put, your strategy depends on two variables: win percentage and average odds. If you choose your favorites with average odds of 1.20, you need to have 84% of the winnings in order to be profitable in the long run. This means winning five out of six bets. In contrast, with an average payout odds of 3.00, the percentage of winnings required to make a profit drops to 34%.
You just need to study the estimated probability a bit. This term is used in sports betting to convert odds to interest. This makes it easy for you to compare betting odds with your own calculated percentages based on match analysis. If your expected percentage exceeds that of bookmakers, then you have increased your chances. You have found the best bet, regardless of the odds offered.
Moneyline in the NBA
When it comes to NBA money lines or basketball in general, this is the safest bet. By betting on regular season matches, you know that each team plays a difficult series of 82 games in less than six months, which means failure is a common occurrence, even for strong favorites. You can bet on outsiders to win during the season and profit from unexpected match results.
Choose matches between teams with the same winning indicators and try to bet on the away team, which by default has higher chances (odds). Do not indulge with margin on points, as this will not only cut your profits, but will ultimately be stressful for you. Suppose your team needs to overcome a spread of 8.5 points. How would you feel if they were in the lead at 8, but decided not to even make the final throw in the remaining seconds?
What Is Money Line Betting
Moneyline in the NFL
Money lines are also popular in football betting. Bookmakers expect major players to make big bets, especially on the Super Bowl money lines, where finalists are usually among the best teams in the United States, and the difference between them is insignificant. NFL betting lines are also popular, even if some American bookmakers avoid offering money lines for NFL matches where margins are usually below 3 points and above 10 points.
Moneyline in the NHL
Hockey is very popular in the USA and Canada, where it is considered a national sport. The number of goals is less than the points of (American) football, basketball, or even baseball, so it’s more tempting to choose money line bets rather than spread bets. In many cases, the betting lines in the NHL are almost identical to the spread odds, since the handicap assigned to the favorite is minimal (0.5 or 1.5 goals).