What is a Moneyline Bet? How to Read & Bet Moneylines

It is simpler to understand how to bet and how to win your bet, especially if you are unfamiliar with the nuances of more niche sports. For example, if you bet $20 on a +150 underdog, you will win $30 if your bet wins. A bigger underdog with odds like +300 would yield an even bigger profit (i.e. $60 on a $20 bet). While it’s good to know how the math works, you will not need to figure it out by yourself. All sportsbook websites or mobile apps will show your potential payout on any bets when you add a wager and an amount to your betslip.

• Explore a wealth of additional articles and insights tailored to your sports betting interests.
• Sharp books will continue to adjust lines based on succeeding waves of sharp action, injury reports, the weather, and a multitude of other factors.
• You’ll have to wait for a bookie to offer to enhance the odds to make a solid profit.
• If you’re looking to increase your chances of success with moneyline betting, focusing on underdogs can be a wise strategy.
• No matter how simple this bet seems, if you haven’t played in a while, you might want to brush up on your understanding of moneyline betting.

Should you bet on the MoneyLine?

The potential payout of going “against the grain” is tough not to get charmed by. If a team was favored at -200, the amount needed to be risk for $100 profit would be $200. Since more money needs to be bet to make $100, this -200 odds means that team has a higher implied probabity of winning than the -140 one. The higher these lines go, the more of a heavy favorite or underdog that NFL team is. Many new NFL bettors can overcomplicate gambling at first.

Moneyline and Point Spread

The Vikings are the moneyline underdogs, and betting officialstakebet.com $100 will get you a total of $244 in winnings. But if you bet on the Bengals, you would have to wager $172 to win $100 – making a total of $272. Moneyline betting is the easiest bet you’ll find in a sportsbook. You bet on a team to win the game when you wager on a moneyline.

Here in this moneyline example for the NBA, the Lakers are matching up with the Heat. Miami has been set in the role of the betting favorite, going off at -200 on the betting line. So if you were to wager $200 on Miami, as $100 profit is returned if the bet is won.

What are + and – signs on moneyline odds?

To find the best moneyline odds, choose a sports game, then compare the odds between sportsbooks. If you notice one site offering slightly higher or lower odds, bet on the one that provides better value. Moneyline bets are concerned only with either of the two sides winning, regardless of the number of points scored. Conversely, totals are concerned with the combined number of points, irrespective of who wins.

The margin of victory or total points scored doesn’t matter. If you bet the favorite and the game is closer than expected, you might lose a bet on the favorite against the spread, but you would still win a moneyline bet. So, if you think the Astros will win, you must wager $100 to get a profit of $110 and a total payout of $210. To understand how money line bets work, you must learn more about calculating the odds. You should first know that there are 2 different moneyline bets – positive and negative.