What is a Moneyline Bet?
Bettors can get a money line or “straight up” price on all sports and many prop bets. Football and basketball always have wide ranging money lines like the Patirots -2700 ML vs. Colts back in 2011. New England beat Indianapolis 31-24 but didn’t cover the -20 point spread. While sports like hockey, baseball and soccer have shorter money lines as those games tend to be lower scoring in those sports. Baseball contests for example never have money lines much greater than -250. Money lines are also used with offerings on Over/Under game total wagers, proposition prices, as well as always popular futures betting.
How Money Line Bets Work
A money line is a $100 increment on a likelihood of an event. The more something is favored to occur, the higher the negative moneyline and vice versa. A line set at -200 would pay $100 on a $200 wager while a +200 underdog returns $200 on $100. Bank on straight up wagers at any of our top rated online sportsbooks.
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Bet money lines when you are not sold on the point spread odds
Let’s say you are a Miami Heat fan and are extremely confident they will beat the New York Knicks in an upcoming NBA playoff game, but you aren’t so sure that the Heat will cover the spread as 9-point favorites. There’s little doubt that LeBron James and Co. will win the game at home but certainly possible that a big game from New York’s Carmelo Anthony keeps the Knicks close and within 9 points at the end. NBA games are notorious for big underdogs covering at the end thanks to garbage points when the leading team lets up.
The best betting option here on Miami wouldn’t be the spread but instead on the moneyline. The biggest positive for this wager is that it doesn’t matter at all how much the Heat would win the game by. However, the bigger a favorite a team is on the spread, the more you would have to spend on the moneyline to win your $100. So in this example, the Heat could be -285 favorites. That would mean spending $285 to win $100 back. The bigger a team is an underdog on the money line, the more the bet returns. Load up and prosper!
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