In this example, the Giants are a -150 favorite while the Eagles are at +120 odds to win the game. Bettors looking to earn payouts betting on the NFL can choose either one of these sides to win the game, with the bettors who are correct at the end earning their winnings. Money line bets can seem a little confusing at first, especially for the bettor who has traditionally wagered their money on the point spread. The money line is actually the most straightforward bet you can have on any sport. Whilst the spread bet is on a team to win and by how many, the money line is a bet on simply a team to win.
- In most cases, you’ll see a line for the point spread, an Over/Under line, and a moneyline.
- That adds up to 103.8%, meaning the sportsbook has a 3.8% hold on this wager.
- The favorite, or team expected to win the game, will always be listed at negative odds.
- This requires a bit of diligent studying but can pay off with good value moneyline wagers.
- Just select the team that you think will win and lay some action on their odds.
Using line movement to your advantage is a great way to maximize betting profits. Line movement refers to when the odds or the point spread for a bet changes leading up to the game and it’s worth paying attention to. Wisconsin has no shot to reach the College Football Playoff, but the Badgers are fourth in the new Westgate SuperBook college football power ratings. Las Vegas handicapper Bruce Marshall is editor of The Gold Sheet (Goldsheet.com).
Which Is Better; Spread Or Moneyline?
Nothing in the terms and conditions of any US Zero Handicap In Betting On Football And Other Sports legal online sportsbooks prohibits the use of a moneyline calculator. In the World Series Game 1 example from above, if 90% of bets come in on the Dodgers, the sportsbook stands to lose big money if Los Angeles wins. A Tampa Bay win in that situation is even more disastrous for the sportsbook.
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On the other side of the equation, the Lakers are in the underdog role. So, for every $1 risked on L.A to win, a $2 profit is returned. You can see a wide range of profits for a moneyline, because the underdog and favorite can be far apart straight up with no point spread. Live betting can offer bettors a great opportunity because the sportsbook doesn’t have as much time or information to produce a sharp line. To compensate for this, they’ll often include more vig than usual in the lines. Be aware of this when looking for live betting value on the moneyline.
Metcalf moved the number aggressively toward the underdog, through the key number of 7 and down to 6.5. “I don’t really like Memphis,” he said, “and I struggle with if Navy has improved.” Metcalf couldn’t stomach leaving the point spread at any less than Clemson -14, where it has sat for the first half of the week.
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A lot of hockey games, even when one team is a big favorite, are decided by one goal. This plays a massive role in hockey moneyline betting and makes any game winnable for either side, especially with a hot goalie. Before you dive into soccer moneyline betting, it is important to note how it differs from other traditional North American sports betting. It is easiest to do this based off of standard $100 units. Now that we’ve gone over what moneyline bets are, let’s take a look at how they work in action.
Fractional odds are used more commonly in parts of Europe and in horse racing. To calculate fractional odds, you have to do some mental division or enter your desired amount and see what the sportsbook shows as your payout. Here are some odds for a fictitious horse race and how you’d go about reading them. If you think the Chicago Bulls are undervalued and have a much higher chance of winning, then betting on them makes sense. This is what gives BetOnline a bonus over other sportsbooks because of the consistent update of Moneyline and always moving.