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Money lines (also called American Odds) are one of the most common ways to bet on sports. They do not use a point spread, and are straight-up bets on who will win the game or event. To properly explain how to bet the money line, the first thing to understand is the difference between a. After oddsmakers release their opening lines at sportsbooks, the betting public almost immediately reveals which side of the number they like more and moves them accordingly. But while these early line moves may show where the public money is initially going, it does not obviously tell the whole story until we can see where the closing odds end up. A betting line is a form of wagering whereby the bookmaker or sportsbook set gambling odds and determine the favorite and underdog teams in a match. This handicap creates a margin (line) between the two teams, where there are only two outcomes possible, and sets the. Money line is also sometimes referred to as “American Odds.” The standard (and often implied) number is –110, meaning a successful bet of $110 would net $100 profit. This is the “juice”. What Does Money Line Mean In Betting. (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. (Money lines) A type of bet in which you must only pick the winner of a game straight up, not.

Before we had the options of wagering on future bets, parlays, teasers, alternative lines, Asian lines, prop bets and each-way, there was one betting option that reigned supreme. It was the money line bet. From a non-gambling perspective, winning a game in any sports will make a team happy. However, depending on the score, that win may not please bettors. That’s because the point spread betting option has taken over as the popular option, leaving the money line far behind. If you are the kind of person who bets on your favorite team each and every game, this is the bet for you. There is nothing worse than watching your team win the game, but lose you money by not covering the point spread.

What Does Money line Mean?

The money line bet is the simplest form of betting in the industry. A “money line” bet is a way of betting on which team is going to win the game outright, or which individual will win an event. With a money line bet, the margin of victory or the total number of points a team scores do not matter. If you like the Patriots to win outright versus the Browns, a 3-0 win would win you just as much money as a 77-0 win.
Unfortunately, the profit from winning a money line bet could be drastically different depending on if you bet on the favorite or underdog.

Money Line Odds

The money line bet always relates to bets of $100. A favorite will be represented by a negative money line figure such as -180. This means that in order to profit $100 off your winning bet, you would need to risk $180 dollars. But as I’m sure you already know, you can risk any amount you are comfortable with and the payment (should you win) will be in proportion to the odds. For example, a $50 bet on a -180 line would win you $27 dollars.

When betting an underdog on the money line, you will notice that they have a positive price attached to them. For example, if the underdog you like was +195, a $100 bet would profit you $195 dollars for every hundred put down.

The money line odds will always be different aside from the plus or minus – those are the only constant. The favorites will always have a negative value, which is how the sportsbooks make their money.

What Sports Can I Bet the Money Line On?

You can bet the money line option in every single sport that is offered up. It is the simplest form of betting and it is also the primary way to bet sports in which a point spread isn’t available (think hockey or baseball). Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.

Are Money Lines the Best Betting Option?
Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. Unfortunately, underdogs are underdogs for a reason, and it’s usually because they aren’t very good. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would.
Money Line Calculator

Now days, most online betting sites have the money line calculator built right into the betting window. It’ll tell you how much you stand to win on any bet amount you can think of. If you find yourself in a Las Vegas sportsbook and have to quickly do the math, here is how to do it.
Example 1: Underdogs
Potential Profit = Stake x (odds/100).
$50 Stake on +120 odds.
$50 x (120/100) =
$50 x 1.20 = 60
Potential Profit = $60.
Total potential profit + Stake =
$60 + 50
=$110.

Example 2: Favorites
Potential Profit = Stake / (odds/100)

$50 Stake on -200 odds.
$50 / (200/100) =
$50 /2 = 25
Potential Profit = $25.
Total potential profit + Stake =
$25 + 50
=$75.

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The point spread is such a ubiquitous part of sports gambling that it has become fodder for pundits and fans who would never place a wager. “Notre Dame is giving up 6 points to USC,” someone might say. “I didn’t know that USC was looking that good this year.”

Instead of judging whether they think the numbers are correct or misguided, people are more likely to simply accept what Vegas has to say. The spread becomes just another prediction.

Baseball wagering is unique in that there is no traditional point spread set for a ballgame. Instead, sportsbooks focus on run totals, the run line, and, most commonly, the money line (ML).

When you wager on the ML, you are picking who you think will win the contest outright. It doesn’t matter how many runs a team scores or how many runs they win by, they just need to score more than their opponent.

This, of course, comes with a catch. A sportsbook is not going to give the same odds to win between a division-leading team with their best starter on the mound and a team at the bottom of the division throwing a bottom-of-the-rotation pitcher.

How to Read MLB Baseball Money Lines – Basic Explanation & Definition

What oddsmakers do in lieu of the point spread is to weigh the moneyline with heavier odds on the favorite. This is an example of what the numbers on a typical ballgame might look like:

• Texas Rangers (-150)
• Oakland A’s (+130)

The Rangers are projected to prevail. The favorite in the match-up will always be the negative (-) number, while the underdog is always positive (+), just like the numbers work with point spreads.

The easiest way to factor the risk vs reward is in terms of $100. In the example above, the (-150) means that you’d need to risk $150 to win $100 on the Texas Rangers. This means if the Rangers prevail, you will be paid $100 (plus your initial $150 investment), however, if the Rangers lose, you lose $150. You must increase the amount you risk on Texas because they are handicapped as the team most likely to take the game.

As for the A’s, at (+130), that number tells you that you can risk $100 to win $130 on them. A winning wager on Oakland gives you $130 (plus you’ll get back the $100 you bet), while a losing bet on the A’s would only cost you $100.

Learn About Baseball Line Prices: Dime Line vs 20 Cent Line

In the example above, and at most sportsbooks, you’ll have what is called a 20 cent line. All that this means is that the absolute value of the favorite price is 20 cents more than the underdog price (150 – 130 = 20). With reduced juice or dime line odds, you’ll get a 10 cent difference. On the very same game, a dime line book like 5Dimes would set the prices at -140 and +130 (140 – 130 = 10). This definitely gives you an edge simply because it takes away some of the built-in vig the book uses to calculate their odds. More on this to come.

Calculating Probability

When it comes to the money line can help to think in terms of probability. In other words, how likely is it that one team will beat the other? This is the foundation of baseball betting and is important to understand before really understanding the money line.

Gambling 101 Spread Money Line Ect

Convert Money Lines to Percentage

In Betting What Does Money Line Meaning

There are two formulas you will need to convert baseball betting lines into probability. The formula you use depends on whether the line is positive or negative.

Positive

Example: Money Line = +130

Negative

Example: Money Line = -150

Understanding Vig/Bookmaker Margin: Calculating the No-Vig Line

The astute bettor will notice right away that the probability on each side of an MLB game does not add up to 100%. This is because there is a built-in vig or edge for the bookmaker that helps them make their money. To get the true probability for each side of a game, you need to remove that edge.

Start by adding the two probabilities together. In our example, we had 43.5% + 60% = 103.5%; 103.5%. From the 103.5%, the 3.5% is the estimated vig on this pair of odds (some books do adjust differently on favorites versus underdogs, but we do not need to go into that in detail at this point). We can then take each percentage and divide it by the combined percentage to give us the true probability for each team.

In this matchup, the line tells you that in a fair (no vig) market the underdog has a 42% chance of winning and the favorite has a 58% of winning. This is relevant because as you start to make predictions, you will come up with your own probabilities for a matchup and compare them to the available odds to see whether or not your prediction has value based on these fair market odds.

How to Calculate MLB Baseball Moneylines for Betting Risk & Reward

If you aren’t betting exactly $100 per game, it’s easy to calculate your risk/reward by converting MLs to decimals and multiplying those numbers by your wager amount. A couple of examples:

• If the ML is (-134) and you want to wager enough to collect $35 on that team, you must convert the ML to -1.34 and multiply by $35, which equals $46.90; the amount that is needed to risk on a favorite of -(134) to win $35.
• If you’re looking to bet an underdog of (+172) and have $47 available for a wager, then calculate 1.72 x $47 = $80.25, which is the amount you could collect on a (+172) underdog with a $47 bet.

Using Major League Baseball Odds to Your Advantage

The great part about the ML is that when you bet on underdogs, you can decrease the percentage of games you need to pick correctly to show a profit. For example, if you wager on 100 games with an average line of (-130), you would need to score on 58% (58 of 100) of your bets just to turn a profit, betting $100 per game. You should be paid out $5,800, but lose $5,460 on these bets, giving you a total profit of $340.

Now, looking at a situation where you bet on mostly small underdogs, say an average line of (+115) over 100 bets, you would only need accuracy on about 47% of your picks (47 of 100) to show a profit. You should receive $5,405 in this case while losing $5,300, a profit of $105. Say you can up your winning percentage to 50% at an average money line of (+115). If you are able to do that, you should instead collect $5,750, while losing $5,000, a profit of $750.

Remember that pitching is still the ultimate factor in making your picks and predictions. But a club that recently won a low-scoring outing as a ‘dog is dangerous and almost never a bad wager. Once a team has proven it can small-ball grind its way to upsets of more talented clubs, they carry more value than a squad that got lucky with 5 homers against the Yankees.

Underdog Betting Equals Value In MLB Wagers

As you can see, winning bets on underdogs can add up quickly. Sportsbooks are, of course, well aware of this, but because most people lean toward favorites and not underdogs, they don’t really care. Like a grocery store putting its sweet snacks at toddler-eye level, the books know that some people are wise to their strategy – but enough of a % of shoppers won’t be. Don’t be taken advantage of. Take advantage!

In Betting What Does Money Line Mean Math

There are few sure-fire handicapping systems that lead to sustained profit in any sport. NFL wagering, for instance, can be a supreme challenge due to its volatility and the sheer amount of action leveling out the lines. The NBA can be a bear due to “garbage time” and other factors that affect the Over/Under.

Not to say that a cash player can’t make money over time wagering on those sports, but when you find a system that is proven to work in a sport where lines can’t be adjusted too much (due to being set in the morning and paid off by night), then it’s never a bad idea to learn those tactics – even if you don’t always adhere to them.

The numbers above show that if managing to choose your picks on the diamond wisely and take as many high-value underdogs as you can, you will be well on your way to a profitable summer.