Ways to guarantee the moneyline, how playing chances perform
How To Bet The Moneyline, How Betting Odds Work
Just in case you’re wondering why moneyline betting is not as popular as the point spread in NFL games and NBA games – consider the scores that typically result. Basketball moneyline bets are possible on the 4th Quarter, 3rd Quarter, 2nd Quarter, and 1st Quarter. Money lines are used in a wide variety of sports contests, such as boxing matches, field hockey, and MLB games. Many of these games are low-scoring, but that’s not a prerequisite for moneyline betting.
Get $60 worth of premium member picks from Doc’s Sports – a recognized leader and trusted name in sports handicapping since 1971. Every team in sports goes through ups and downs in a season. You’ll come across many of these on the oddsboard regardless of which sport you’re focused on. When evenly matched teams square off, it can be close to a toss-up in terms of which side will win. Most legal sportsbooks around the country won’t allow you to make bets with Venmo.
Negative money lines indicate the amount of money needed to wager to win $100 in profit. Positive money lines indicate the amount of money that can be won from a $100 wager. Most betting sites will offer their users moneyline wagers in addition to point spreads.
If your bet wins, you will always get your original wager back, plus any profit, based on the odds the sportsbook offered at the time you made your bet. The world of sports betting is vast, and there’s something for just about anyone. In our example of 38.5, if you think the total points scored will be higher than 38 then you’d place a wager on the over.
There are a number of different systems for handicapping moneyline odds. We’ve included a simple one here in this article which you can use as a starting point. As you advance with sports betting, you’ll be able to implement your own system and tweak as needed. Favorites will have negative odds, while the underdog will have positive odds. The odds tell us the likelihood of something happening, as well as what the potential return will be for our wagers. If you were going to buy something online and found differing prices in a few different spots, you would naturally gravitate towards the better deal.
To make it clearer for you, we will go through cases of winning and losing bet. The -110 listed is the actual odds given for these bets, and the odds determine how much you win based on the amount of your wager. Of course, you don’t need to literally bet $110; that is just the ratio of the amount bet to the amount won. To fully understand moneyline odds and payouts, let’s walk through some examples for each of the major sports. In this example, the Los Angeles Lakers are the favorite, while the Warriors are the underdog.