What Is Betting The Money Line

Understanding the different types of betting options is crucial when you’re getting a start as a first-time sports bettor.

The Point Spread: Betting the spread

Money line betting may seem like a lower-risk proposition for those who like favorites. At the same time, a lot of us get in big trouble by habitually betting on favorites on the money line. For example, if we make 20 bets on -400 favorites, we would need to win 80% of our wagers just to break even. In other words, hitting a cold streak is a. For many bettors, placing a moneyline wager is the simplest way to make a bet. This type of wager is as straightforward as they come, asking bettors to determine the straight-up winner of a game or match. Certain sports provide an additional option beyond the classic two-way moneyline.

For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers.

Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. That’s why you’ll often hear people say the team won, but they “didn’t cover the spread” so their bet still came up short.

It’s not a matter of a team winning or losing like in a moneyline bet.

What Is The Money Line In Nfl Betting

For a favorite: The favorite must win by more than the point spread.For an underdog: The underdog must outright win OR lose by fewer than the point spread.

Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting action/volume on both sides of the ledger – as much total money being bet on the favorite as on the underdog.

How Does Money Line Betting Work

The vast majority of point spread wagers are made on football and basketball because of the proliferation of points that are scored in comparison to sports like baseball and hockey, where 1-0 or 2-1 games aren’t that out of the question or out of the norm. There’s one every night.

For example, the New England Patriots are playing the New York Jets and New England is a 9½-point favorite. Bettors typically have to spend $110 or so to win $100 with sports books, known as “the house edge/advantage.” With a point spread bet, simply having a team win the game isn’t the key. The critical factor to betting a point spread is how much a team wins or loses by. If a wager is placed on New England – “laying” the 9½ points – the Patriots need to win the game by 10 or more points for that bet to pay off. If New England wins 28-20, those betting on the Jets plus 9½ points (points added to their final total) win the bet.

The same general rules apply for basketball and are quite easy to follow because of the inherent simplicity of the bet. When it comes to betting sports like baseball and hockey, the standard bets are made on the “money line” – an established number for both teams to win the game outright.

What Is The Moneyline In Hockey Betting

What makes point spread bets attractive are the fluid nature of each game – it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.

What Does Betting The Moneyline In Baseball Mean

For those just starting out, the simplest form of gambling is betting the spread because it’s the easiest to explain and understand, which explains why it is the most popular form of sports wagering.