Sports betting money line definition

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Ad A money line is a wager on the natural result of a game or event. In other words, the score or outcome is unadjusted. This is different from spread betting where the sportsbook adjusts the score to determine the winner. Money lines, often written moneylines or money-lines, are also called American odds due to their popularity with US bookmakers. That name, however, is fading because of the commonness of money lines with online sportsbooks.

Often, sportsbooks will list money lines with an additional 10 percent, which is the house's take, called the vig. Prior to the s, when Las Vegas embraced the spread, the money line was the default bet. Today, it exists as an alternative to the spread, but more importantly, it exists to facilitate wagers where a spread is not possible. We explain moneyline odds with examples from the NFL, college football, and more!

What is a moneyline? A moneyline is a set of sports betting odds in which you bet on one side to simply win outright. The most basic moneylines are a two-way market involving a favorite and an underdog. Favorites have a higher implied probability of winning a game due to a number of factors, including skill, matchup factors, and sometimes home-field advantage. Underdogs have a lower win probability, usually for the same reasons. Most often, moneyline odds are presented in an American Odds format that displays odds with positive and negative numbers that meet at The MLB moneyline below is an example of a game that was expected to be close in competition.

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Today, it exists as an alternative to the spread, but more importantly, it exists to facilitate wagers where a spread is not possible. For example, in boxing or the UFC, a spread does not work, so the money line is the only option. In the upcoming UFC heavyweight title bout, champion Velasquez opened at while challenger Dos Santos opened at It is not uncommon, especially in fight sports, for both money lines to be negative. In an event with two or more negative money lines, the largest number indicates the underdog; the smallest indicates the favorite.

In this example, Dos Santos is the slight favorite, and Velasquez is the slight underdog. If you use sites such as Bet, William Hill, Bovada, Bodog, Betstars or Sport, you have probably encountered a money line, and might be wondering what it means. I hope that we helped clear things up a bit.

In low-scoring sports like baseball and hockey , the moneyline is the most popular bet. In higher-scoring sports like football and basketball , the point spread is the most popular. But the moneyline is a good alternative if you… Think the underdog will win the game straight-up Think the favorite will win but not cover the spread This is an oversimplification, but these are generally two reasons people bet moneylines.

Moneylines also apply to any futures markets, like betting the Super Bowl winner before the season. All 32 teams have a moneyline that corresponds with their likelihood of winning the Super Bowl. Juice is the cut a sportsbook takes on each bet, and there is juice on moneylines.