Table of Contents Hide
- What Is a Money Line Bet?
- Benefits of Money line Bets
- Money Line Bets vs. Point Spread Bets
- Correlation Between Money Line and Spread
- Money line Calculator
- How To Use The Money line Calculator To Place A Sports Bet
- Is there a difference between the moneyline and the point spread?
- What does it mean to take the points?
- What is bet amount?
The most popular type of sports bet by far is the money line bet. Money line bets are great because not only are they easy enough for new sports bettors to understand and use correctly, but also professional sports bettors use them all the time to win big every day in sportsbooks all over the world. In fact, there are a lot of very successful professional sports bettors whose only winning strategy is to bet on the money line. This guide will tell you everything you ever wanted to know about the money line betting calculator and a lot more. No matter how much you know about betting or how new you are to it, we have something for you here. We’ll explain what a money line bet vs spread is, and how to understand the different numbers, payouts, and ways they’re shown.
What Is a Money Line Bet?
Money line bets are bets on how a game will turn out. In essence, they are bets on which team or competitor will win a given match.
Money line bets have only two possible outcomes because the bet is usually on who will win between two teams or competitors. Whichever the team chosen will win, in which case the bettor will get paid based on the odds, or the team will lose, in which case the bettor made a bad choice. Some events, like fights, might offer a third way to bet: a draw.
The money line is one of the oldest methods of betting, along with the point spread and the over/under. I think it to be one of the most basic ways to bet.
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In betting terms, the numbers that show how much you can win by betting on a game are called the “moneyline.” Bookmakers divide each team into two groups: the favorites and the underdogs. There is a negative number for the team that is the favorite to win and a positive number for the team that is the favorite to lose (the underdog). For example, if the money line for a football game was “Team A (+150) vs. Team B (-170),” the bettor would know right away: Team B is the favorite to win, so if you bet on it, you will get less money back.
The numbers next to the teams, like +150 and -170 in the example above, show the money line payouts, which are based on how the odds were calculated. The negative number tells you how much you have to risk to win $100. So, if the money line for the team you chose was -400, it means that you would win $100 if you placed a successful $400 bet. This means that the person would have lost $400 but won $100 in the end. The number that goes up shows how much you would win if you bet $100 and won. A +300 Moneyline, for example, means that if you bet $100 and win, you will get $300 back.
Benefits of Money line Bets
Before we go any further, we want to talk about why moneyline bets are so popular and why professionals all over the world use them so often. Before you put in the time and effort to learn about something, you should always know why it’s important. Let’s look at how money-lines bets can help you win in the future when you bet on sports.
All of our professional bettors on staff say that there’s no reason to make things harder than they need to be. They are talking about the terrible trend of people who want to make a living betting on sports, thinking that you have to make more complicated bets. We say it’s a bad trend because this is the furthest thing from the truth.
To win at sports betting, you need to find value and pick winners. There is no link at all between how complicated a bet is and how likely it is that you will win. In fact, you could say there is a negative association because many bettors don’t fully understand the complicated bets they are making. This means they are more likely to make mistakes and misjudge value.
When it comes to ease of use, money line bets are the best. Choose a winner, decide if the payout is worth the risk, and then place your bet. You win if your team or player wins. People will try to make things harder than they need to be, but that’s all there is to it.
#2. Easier to Find Value
Money line bets are easy to understand, and it’s also easy to figure out how much they’re worth. Now, you’ll notice that it just doesn’t say “Easy to Find Value.” That’s because finding value in sports betting is never easy. If it was easy, everyone would do it as a job. It does say, though, that money line bets are easier to find value in because they are so straightforward.
Checking the forecast isn’t a complicated task (one that is going to make you money). With a few easy math calculations, you can figure out if a bet is worth it or not. Money line bets are straightforward and easy to “eyeball” value, even if you don’t like arithmetic.
#3. Great Introduction for Beginners
Have someone you’d like to get interested in sports betting? Too often, people try to get new people into sports betting by giving them too much information. They’ll give them too much information and too many options, which will drive them away from the games.
Money line bets are a great opportunity to show a friend, family member, or partner how to bet on sports. They’ll comprehend better and be more willing to learn and help with your project.
Money Line Bets vs. Point Spread Bets
A point spread bet doesn’t just look at which team wins, but also how much they win. In this kind of bet, the favorite must win by at least a certain number of points. The underdog, on the other hand, doesn’t have to win. All it has to do is lose by less than the spread.
Bookmakers use point spreads to spread bettors out evenly on both sides of a bet so that they don’t take on too much risk.
Money line vs point spread are both based on the same knowledge, and both payouts are based on how likely it is that a team will win or lose. In fact, both try to figure out how strong each team really is. They do this in different ways, though. The money line vs spread changes how much you have to pay to bet on a team. According to several studies, money line market information may be more accurate than point spread market information.
Correlation Between Money Line and Spread
There is an obvious link between the money line and the point spread line. You won’t see Alabama at -10000 on the money line against Duke and only a 10-point favorite against the spread unless a sports book made a big mistake. In that game, Alabama was 34 points ahead of the other team. Since everyone expects Alabama to win over Duke, point spreads make betting more intriguing and fair (and they did, 42-3).
All sports have a link between the two types of bets, although it’s most clear in football and basketball. Spreads of more than one or two are rare in hockey, soccer, and baseball, so money line bets are enticing.
A more advanced method is to look at the relationship between the spread and the money line. For example, the money line for an NFL team that is favored by seven points is usually around -350. If the spread is -7 and the money line is -300, that could be a nice play.
Money line Calculator
The Gaming Today Money Line Calculator makes it easy to figure out payout odds and bet amounts for any bet amount. You can use American, decimal, fractional, Hong Kong, Indonesian, or Malay odds to calculate a bet’s payment.
Even though it’s important to understand and be able to figure out favorite and underdog Moneyline odds for all the different ways odds are written, the money line calculator can save a lot of time and effort.
The Implied Probability part of the Gaming Today Money line Calculator is one of its most important parts.
For each favorite or underdog, the calculator tells you how likely it is that team will win. Smart gamblers can use the calculator to locate teams whose actual win likelihood is higher than their odds.
The “To Win” window shows how much money you can make with any combination of odds and bet size. Add “To Win” to the original bet to determine the return.
How To Use The Money line Calculator To Place A Sports Bet
To figure out how much a $50 money line bet on the Buffalo Bills will pay out, put $50 in the “Bet Amount” box and “+115” in the “American Odds” box. Hit “Enter” or click the “Convert Odds” button to see how the money line calculator changes this information into several useful categories.
The calculator turns “+115” odds into all the different symbols that a sports book might use.
The +115 American odds are the same as the 2.15 decimal odds, 23/20 fractional odds, 1.15 Indonesian/Hong Kong odds, and -0.8696 Malay odds. When odds are published differently at different sportsbooks, our money line calculator can help you win.
At +115 odds, the “Implied Probability” output shows that the Bills have a 46.51 percent chance of winning. Skilled bettors will take that offer if they think Buffalo has a better chance of winning the game.
If the Bills win, the “To Win” output shows how much money I will make. If you bet $50 on the Bills and win, you get back $107.50. (A profit of $57.50 plus the original bet of $50)
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Money line bets are one of the easiest types of bets to make because they let people choose who they think will win a competition. A number next to its name shows the odds of a team or competitor winning, such as +200 or -110. This number determines how much a bet would win.
Is there a difference between the moneyline and the point spread?
Yes. The outcome of a money line vs spread bet depends only on which team wins, while a bet depends on how much of a disadvantage each team has.
What does it mean to take the points?
When you take the points, you bet on the underdog on the point spread. If the underdog in an NFL game was +10.5 and you wanted to bet on them, you would “take” 10.5 points and add them to the underdog’s final score.
What is bet amount?
The amount of a bet is how much you are willing to lose. As a responsible gambler, it is important to know how to handle your money.