What Does Money Line Mean In Betting. What Does Money Line Mean In Betting. Money line (Money Lines) Assigned odds on the outcome of a game with no regards to a point spread. The odds for a favorite are lower than the odds for an underdog, enticing players to bet on the weaker teams. A negative money line represents the amount that you would have to bet to win $100 if you were correct. For example, a -200 money line means you would win $100 if you bet $200 and won. It is also equivalent to fractional odds of 1/2 and decimal odds of 1.5. Just what is a moneyline?
This is how you calculate the money line - if there is a plus sign '+' in front of the number, the number shows how much money you will win for every $100 you wager, if your bet is a winner. For example, if the Denver Broncos win the game, you will win $145 for every $100 wagered, i.e. If you bet $200. 200 Money Line: 200/100 = 2. Put the 2 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/2.-350 Money Line: 350/100 = 3.5. Put the 3.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/3.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/7 fractional odds.
At the Online Gambling Paper we always stride in helping bettors by explaining the basic sports betting terminology in the simplest way possible. Here we will look at the term 'money line', its variations, mistaken meanings and more. As usual examples will be provided to help you better understand what money line means in sports betting. So let's begin without wasting any more time.
The term 'money line' will be seen in sports betting mostly in the United States and it's often referred to as 'American odds' (although this is a mistake, read last paragraph). It usually takes the form of a plus '+' or minus '-' sign, followed by a three digit number, for example, -110. The simplest explanation of the money line term in sports betting is - the odds on an outright (or straight-up) outcome of a game or other sporting event. This makes money line the best bet for beginners, since you simply bet on who will win the game, period. Here is an example, at the online sportsbook Bookmaker, the money line on the NFL game Broncos @ Patriots is as follows: Denver +145, New England -165. This means that the money line odds on Denver to win the game, without any other conditions, such as point spread, straight-up are +145 and the money line on the Patriots to win the game is -165. Here would be a great time to explain what these numbers (or 'lines') mean:
Calculating the American odds, or money line odds, is very simple, although to a foreign or a beginner bettor it would be a complete gibberish. This is how you calculate the money line - if there is a plus sign '+' in front of the number, the number shows how much money you will win for every $100 you wager, if your bet is a winner. For example, if the Denver Broncos win the game, you will win $145 for every $100 wagered, i.e. if you bet $200 you will win $290. And if the sign if front of the money line odds is minus '-', the number shows how much you have to bet in order to win $100. Looking at the above example, if the Patriots win the game you will have to bet $165 to win $100, i.e. if you bet $165 on the Pats to win the game and they do, your money will go from $165 to $265 (the $165 you initially wagered + the $100 won). By looking at the money line odds you can easily spot the favorite and the underdog - the favorite team holds money line odds beginning with minus and the underdog holds odds beginning with plus. There is one other form the money line odds can take, that being 'EVEN', often posted by the sportsbooks as 'EV'. This simply means that you will get paid even money on your bet. For example, if the money line odds on the Broncos were listed as 'EVEN' you will get $100 for every $100 bet, or $150 for every $150, etc.
Now that you know how the money line works in sports betting, here would be the perfect place to clear a confusion often ran into by people new to betting or to the American system of betting odds. It's very important to make a clear distinction between 'money line' and just 'line'. As we already explained, 'money line' is a form of bet, relating to the straight-up outcome of the game. In this aspect, money line is similar to 'point spread' or 'total'. On the other side, 'line' is the payout on the bet, i.e. how much you will win if your bet is a winner. In this regard, 'line' is similar to 'odds', the form for calculating payout in the U.K. (fractional) or 'coefficient', the form for calculating payouts in Europe, also called 'decimal'. I know it got overly complicated all of a sudden so let's look at an example once again. The image below has been taken from the online sportsbook BodogLife and shows part of their NFL betting sheet. To show you the difference between 'money line' the bet and 'line' the form of calculating the payout, we have circled 'money line' with red and some of the 'lines' with blue:
As you can see, the Titans line on the point spread is -115 or how much you will win if the team covers the spread, while the money line on the Titians is -400 or how much you will win if the Titans win the game.
Related Articles and Explanations:
| How sports betting and the betting odds work? |
| What is point spread, how point spread works, what ATS means |
E-mail: news@ogpaper.com
Money line bets are possibly the simplest form of sports betting. Money line bets do not use point spreads like straight bets do. Instead, your job is to pick the winning team with no concern to the score. Since one team may be heavily favored over their opponent, odds for each team are different. It may seem confusing at first, but money line bets are very easy to understand.
Except in situations where opponents are considered an even matchup, the favorite will have a negative (-) money line and the underdog will have a positive (+) money line. 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.
Recommended Sportsbook for Money Line Bets:
Long term reputation, USA-friendly and fast payouts
Example:
Colorado Rockies -160
Yahoo ncaa bb. Arizona Diamondbacks +140
In this case, the Colorado Rockies are the favorite, and bettors need to wager $160 to win $100 in profit, for a total payout of $260.
The Arizona Diamondbacks are the underdog, and a wager of $100 will produce a profit of $140, for a total payout of $240.
Always think of money line bets based on $100 figures. Negative (-) means how much is needed to wager in order to win $100, and positive (+) means how much can be won on a $100 wager.
Occasionally, two teams or competitors that are very evenly matched may produce two negative money lines.
Example:
New York Yankees -115
Boston Red Sox -105
In this case, the Yankees are considered a very slight favorite. It would require a $115 bet on the Yankees to produce a $100 profit ($215 total return). The Red Sox would require a $105 bet to produce a $100 profit ($205 total return).
Money Line Vigorish
What Does Money Line Mean 133
The term vigorish means ‘house take', also called vig or juice. This is the money the sportsbook or bookie makes for taking the wager. Let's use the Yankees/Red Sox example from above for this explanation.
If a sportsbook takes 1000, $100 bets on the Yankees and the Yankees win, the sportsbook would pay out $87 profit to each bettor (100/115 odds = .87%. $100 X .87% = $87). So a Yankees win would result in a total pay out of $87,000 in player profits.
From 1000 Red Sox bettors who also placed $100 average bets, the sportsbook would collect $100,000. $100,000 collected minus $87,000 paid out = $13,000 profit.
Now, let's turn this into a Red Sox win instead. 1000 bets of $100 on the Red Sox would pay out $95 profit per bettor (100/105 odds = .95%. Best online betting sites. $100 X .95% = $95). In this case the sportsbook would pay out a total of $95,000.
Now that you know how the money line works in sports betting, here would be the perfect place to clear a confusion often ran into by people new to betting or to the American system of betting odds. It's very important to make a clear distinction between 'money line' and just 'line'. As we already explained, 'money line' is a form of bet, relating to the straight-up outcome of the game. In this aspect, money line is similar to 'point spread' or 'total'. On the other side, 'line' is the payout on the bet, i.e. how much you will win if your bet is a winner. In this regard, 'line' is similar to 'odds', the form for calculating payout in the U.K. (fractional) or 'coefficient', the form for calculating payouts in Europe, also called 'decimal'. I know it got overly complicated all of a sudden so let's look at an example once again. The image below has been taken from the online sportsbook BodogLife and shows part of their NFL betting sheet. To show you the difference between 'money line' the bet and 'line' the form of calculating the payout, we have circled 'money line' with red and some of the 'lines' with blue:
As you can see, the Titans line on the point spread is -115 or how much you will win if the team covers the spread, while the money line on the Titians is -400 or how much you will win if the Titans win the game.
Related Articles and Explanations:
| How sports betting and the betting odds work? |
| What is point spread, how point spread works, what ATS means |
E-mail: news@ogpaper.com
Money line bets are possibly the simplest form of sports betting. Money line bets do not use point spreads like straight bets do. Instead, your job is to pick the winning team with no concern to the score. Since one team may be heavily favored over their opponent, odds for each team are different. It may seem confusing at first, but money line bets are very easy to understand.
Except in situations where opponents are considered an even matchup, the favorite will have a negative (-) money line and the underdog will have a positive (+) money line. 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.
Recommended Sportsbook for Money Line Bets:
Long term reputation, USA-friendly and fast payouts
Example:
Colorado Rockies -160
Yahoo ncaa bb. Arizona Diamondbacks +140
In this case, the Colorado Rockies are the favorite, and bettors need to wager $160 to win $100 in profit, for a total payout of $260.
The Arizona Diamondbacks are the underdog, and a wager of $100 will produce a profit of $140, for a total payout of $240.
Always think of money line bets based on $100 figures. Negative (-) means how much is needed to wager in order to win $100, and positive (+) means how much can be won on a $100 wager.
Occasionally, two teams or competitors that are very evenly matched may produce two negative money lines.
Example:
New York Yankees -115
Boston Red Sox -105
In this case, the Yankees are considered a very slight favorite. It would require a $115 bet on the Yankees to produce a $100 profit ($215 total return). The Red Sox would require a $105 bet to produce a $100 profit ($205 total return).
Money Line Vigorish
What Does Money Line Mean 133
The term vigorish means ‘house take', also called vig or juice. This is the money the sportsbook or bookie makes for taking the wager. Let's use the Yankees/Red Sox example from above for this explanation.
If a sportsbook takes 1000, $100 bets on the Yankees and the Yankees win, the sportsbook would pay out $87 profit to each bettor (100/115 odds = .87%. $100 X .87% = $87). So a Yankees win would result in a total pay out of $87,000 in player profits.
From 1000 Red Sox bettors who also placed $100 average bets, the sportsbook would collect $100,000. $100,000 collected minus $87,000 paid out = $13,000 profit.
Now, let's turn this into a Red Sox win instead. 1000 bets of $100 on the Red Sox would pay out $95 profit per bettor (100/105 odds = .95%. Best online betting sites. $100 X .95% = $95). In this case the sportsbook would pay out a total of $95,000.
From the Yankees bettors, 1000 bets averaging $100 each would result in a $100,000 collection. $100,000 collected minus $95,000 paid out = $5000 profit for the sportsbook.
What Does A Money Line Mean
In each case, the sportsbook made money. Since a sportsbooks goal is to make money on every bet, they're trying to create bets that will split the bettors down the middle. When that happens, they guarantee themselves a profit. If they come up with odds that cause a higher % of bettors to bet on one team, the book opens themselves up to potential losses.
Popular Sports for Money Line Bets
Sports like auto racing, horse racing, MMA and boxing do not use points. Without points a point spread can't be created, so money line bets are the most popular way to bet on these types of sports. While tennis is scored with points, results are determined by sets won, not a point total. This means that tennis must also use money lines.
Money lines are also the most popular way to bet on low scoring sports like baseball, soccer and hockey. The reason is because with low scoring sports it's difficult to predict a result. One run or one goal can easily be the difference between a win or loss, so betting on a point spread doesn't make sense.
While straight bets using a point spread are most popular for high scoring sports like football and basketball, money line bets are available as well. Straight bets are used to even out the odds, offering 11/10 odds on any team you choose. With money line bets, there is no point spread and your goal is to simply pick the winning team. Since one team may be heavily favored against their opponent, the money lines offer a much wider range of odds.
What Does A 200 Money Line Means
Example:
Philadelphia Eagles -170
What Does Line Mean Math
San Fransisco 49ers +150
In this game, a $170 bet is required to win $100 on the Eagles ($270 total return). A bet of $100 on the 49ers would result in a $150 profit ($250 total return).
As you can see, betting on the favorite requires a much larger bet for a smaller win. The underdog requires a smaller bet for a larger win. It makes perfect sense since the underdog is not expected to win.
