![]() Let’s take a look at real-life sports betting odds from Caesars Sportsbook for an example of a moneyline betting favorite. If one team has a minus sign in front of its moneyline odds, and the other has a plus sign before its moneyline odds, the team with the negative odds is the favorite. ![]() The favored team on the moneyline is denoted by negative odds in terms of American odds notation. Some moneyline bets present an obvious favorite, while others present a closer matchup between the favored team and the underdog. This situation is known as a “pick’em.” FavoritesĪ moneyline favorite is the team that a sportsbook presents as having a better chance than the opposing team to win a game. On some occasions, the two teams are so closely matched that the sportsbook presents both teams at the same odds on a moneyline bet. The underdog is the team that the sportsbook presents as having a lesser chance of winning the game, and will come with a greater potential payout. The potential payout on a favored team will be less than the payout on the underdog. The favorite is the team that the sportsbook presents as having the better chance to win the game. One team is the favorite, and the other team is the underdog. Most moneyline wagers involve a contest between two teams. Understanding moneyline odds provides a key building block to an overall winning strategy for sports bettors. The latest in this series of betting guides offers a detailed look at how moneyline bets work. In general, moneyline bets offer a much broader range of payout odds than point spread bets. The more a team is favored in the eyes of the sportsbook, the less money you’ll make if you pick the favorite and your team wins.Ĭonversely, major underdogs can pay out big on the moneyline if that team ends up as the winning bet. Moneyline favorites payout at less favorable odds than moneyline underdogs. The payout on the moneyline varies from bet to bet, and the lines on moneyline wagers are usually notated in American odds format. Sportsbook odds determine the potential payout on a moneyline wager. Moneyline bets simply require that you pick a team to win the game, with no point spread or any other correlation to margin of victory involved. Vasquez-USA TODAY SportsĪ moneyline bet represents the most simple and basic way to bet on sports. Further readingĬheck out these sports betting guides to learn more about odds and betting tips.Photo Credit: Gary A. Eventually, you need to take a dive in the deep end, and start betting against the spread to make some real money. Get your feet wet in the industry in placing some moneyline bets. Don’t always just make a bet against the spread because the option is available to you. But keep in mind that you still need to ensure it’s right for your specific circumstances. ![]() If a sport has a spread betting option available, it’s almost always worth it to go with that option.Ī spread bet is usually your best bet. Nonetheless, it’s hard to make any real money with this type of wager. ![]() Betting against the spread provides a much better opportunity to do this.Ī moneyline bet is a much better option for certain sports. The best way to do that is by taking some risks. If you are into sports betting, then you are probably looking to win some money. The Milwaukee Bucks can make you a winner by losing the game by seven points or less, or pulling off the upset. If you are going to make a bet on the Chicago Bulls, then they will have to win this game by at least eight points to make this a successful wager. But, they have to keep the final score within a certain range. You can actually bet on the team that loses the game. With a spread bet, you are trying to predict how close or how far apart the final score spread will be. Nearly all of the spread betting options that you will find will have odds at -110 for each side. However, there is also potential for a much better payout. This bet is harder to win than a moneyline bet. Spread betting gives better payoutĪ spread bet is commonly referred to as “ betting against the spread.” This type of bet is extremely popular in football and basketball. Meanwhile, a $100 bet on the underdog Bucks would result in a payout of $185. It would take a $165 bet to win just $100. The Bulls are the favorites in this matchup. Here is what a money line bet would look like: Betting on an underdog to win could prove lucrative, but it rarely happens. The disadvantage to a moneyline bet is that payouts are usually minimal. This is a great betting option for beginners, as it is typically easier to just pick winners. You are simply making a bet on which team will win a certain game. Review BET NOW Moneyline bets are easier to winĪ moneyline bet is the most basic betting option in the sports betting industry.
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