Bet Money Line Or Point Spread
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Bet Money Line Or Point Spread
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Money line bets are bets placed on a game’s conclusion. The term “money line” represents the payouts for winning the bet, with a negative integer for the underdog and a positive one for the favorite. A money line bet is considered to be the least complicated kind of bet because what is at stake is so straightforward: who will win. Payouts still take into account the odds of a game, with the teams split into two neatly organized categories: favorite and underdog. Gambling always involves a negative expected return—the house always has the advantage.
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Gambling & Sports: What You Need to Know
Over-under bets, also called total bets, are a wager that the points total for a game will be larger or smaller than a sportsbook predicts.
A sportsbook is a company or entity that accepts bets.
A bookie, slang for “bookmaker,” is someone who facilitates gambling, most commonly on sporting events.
In sports betting, a teaser bet is a type of parlay bet in which the bettor is allowed to change the point spread for a game.
In sports betting, a parlay bet is a bet made up of two or more individual wagers. Combining bets makes them harder to win but increases their payout.
Technological advances have allowed for betting while a game is in progress, which has, in some ways, changed the nature of gambling.
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Money line bets are wagers placed on a game’s outcome. In essence, they are bets on which team or competitor will win any given match.
As the wager is on who will win, usually with two teams or competitors, money line bets have only a couple of possible outcomes. Either the team selected will win, in which case the bettor will receive a payout on the odds (discussed below)—or the team will lose, in which case the bettor chose unsuccessfully. Some events, such as fights, may have a third possible bet option: a draw.
Along with the point spread and the over/under, money line is one of the more traditional available betting options. It is considered one of the more basic forms of betting.
The “money line,” in betting terminology, refers to the integers that show the payoffs for betting on a game. Bookmakers separate out teams into favorites and underdogs. There’s a negative integer for the team considered more likely to win (the favorite) and a positive integer for the one considered more likely to lose (the underdog). If, for example, a football game had a money line of Team A (+150) and Team B (-170), then the bettor immediately knows a couple of things: Team B is expected to win, and a bet on it will also pay out less, because it is favored.
The numbers next to the teams, such as +150 and -170 in the example above, represent the money line payouts, and they’re connected to the calculated odds . The negative number shows how much has to be risked to win a $100 payout. Thus, if the money line for the team that you picked was -400, it means that if you placed a successful $400 bet, you would gain $100 on payout. This means that the bettor would have risked $400 and ultimately gained $100. The positive number shows how much would be gained on a successful $100 bet. A +300 money line, for instance, would mean that if you place a successful bet of $100, you would win $300.
Gamblers can find opportunities to make especially good returns when betting markets are inefficient. 1 They look for chances to exploit those inefficiencies. For example, a paper that analyzed 2019–2020 data from bets on Ultimate Fighting Championship (UFC) matches claimed that bets for simple win outcomes were efficient, while bets for wins by round and wins by method were not. 2 There are many such studies of other betting markets. 3
With the rise of online gambling, the industry is becoming more profitable, more permissible, and more popular, advocates say. Thirty-two states have legalized sports betting since the U.S. Supreme Court threw out a federal ban on it in 2018 (it was already legal in Nevada, which had been exempted from the law due to the legacy of legal gambling in that state). It is not yet operational in Florida, Nebraska, and Ohio, though. 4 5
According to the gambling advocacy nonprofit American Gaming Association, recent data suggests that a majority of Americans see gambling as acceptable entertainment, with many also suggesting that it has an overall positive impact, especially economically. Others worry that gambling addiction and “problem gaming” are becoming more common. Despite this, projections show that gambling, especially online, will continue to grow. 6 7 And money line bets are considered a comparatively easy way for newbies to bet.
In 2018, the U.S. Supreme Court gave states permission to legalize sports betting if they wish to do so. It is still fully illegal in 17 states, including California, Massachusetts, and Texas. In four other states, there is some form of pending legislation. 4
A point spread bet considers not only which team wins but also by how much. In this sort of bet, the favorite has to win by a set amount of points or more. The underdog team, in comparison, doesn’t have to win; it only has to lose by less than the spread. 8 To manage risk , bookmakers use point spreads to evenly distribute bettors on both sides of a bet. 9
Money lines and point spreads use the same information when they’re calculated, and both of their payouts are tied to the odds of a team winning or losing. In fact, both try to account for the relative strength of each team. However, they do this in different ways. Money lines change the amount charged for bets on a team, while point spreads change the team scores that would count as a win. The information in money line markets may be more precise than that in point spread markets, according to some financial studies. 8
If you or someone you know has a gambling problem, call the National Problem Gambling Helpline at 1-800-522-4700, or visit ncpgambling.org/chat to chat with a help line specialist. 10
A money line bet is a wager on the outcome of an event. It is a bet on which team or competitor the bettor expects to win.
A +200 money line would mean that if you placed a $100 bet, you would win $200. It also tells you that the team is not expected to win, as it is the underdog in the game.
To figure out how much you would make on a money line bet, you need to figure out how much your bet would pay out. Look at the integers next to the teams. Positive ones, next to the underdog, tell you how much you would rake in if you win with a bet of $100. Negative ones, next to the favorite, tell you how much you would need to be willing to risk to win $100.
Money line bets, one of the simplest kinds of bets to place, allow bettors to select who they think will win a competition. How much any particular bet would win will depend on the odds of the team or competitor winning, which is represented by numbers next to the name (such as +200 or -110).
OhioLINK (Ohio Library and Information Network), Electronic Theses & Dissertations Center. “ A Test of Efficiency in NBA Point Spread Markets ,” Pages 1–2 (Pages 7–8 of PDF).
Ohio University and the University of West Florida, via SSRN. “ Informational Differences in NFL Point Spread and Moneyline Markets ,” Pages 3, 4, and 9.
Gaming Laboratories International. “ Sports Betting in the Post-PASPA Era ,” Page 12.
American Psychiatric Association. “ What Is Gambling Disorder? ”
Home > Moneyline vs Spread – Which Bet Is Better?
by Ryan Knuppel April 25, 2021 November 6, 2021
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The sports betting industry continues to grow here in the U.S. and that growth has unlocked a number of new betting options. Despite the emergence of new betting options, traditional bets like moneyline and spread bets are still the most common bets to make.
If you are new to sports betting , then these two betting options are what you should initially focus on. After you have mastered them, then you can explore different options at the sportsbook.
Here is a quick overview of these two betting types. There will also be an explanation for which contexts each betting option is most well-suited for.
A moneyline bet is the most basic betting option in the sports betting industry. You are simply making a bet on which team will win a certain game. This is a great betting option for beginners, as it is typically easier to just pick winners.
The disadvantage to a moneyline bet is that payouts are usually minimal. Betting on an underdog to win could prove lucrative, but it rarely happens.
Here is what a money line bet would look like:
Chicago Bulls -165 Milwaukee Bucks +185
The Bulls are the favorites in this matchup. It would take a $165 bet to win just $100. Meanwhile, a $100 bet on the underdog Bucks would result in a payout of $185.
A spread bet is commonly referred to as “ betting against the spread .” This type of bet is extremely popular in football and basketball. But other sports offer spread bets, too.
This bet is harder to win than a moneyline bet. However, there is also potential for a much better payout. Nearly all of the spread betting options that you will find will have odds at -110 for each side.
With a spread bet , you are trying to predict how close or how far apart the final score spread will be. You can actually bet on the team that loses the game. But, they have to keep the final score within a certain range.
Chicago Bulls -7.5 Milwaukee Bucks +7.5
If you are going to make a bet on the Chicago Bulls, then they will have to win this game by at least eight points to make this a successful wager. The Milwaukee Bucks can make you a winner by losing the game by seven points or less, or pulling off the upset.
If you are into sports betting , then you are probably looking to win some money . The best way to do that is by taking some risks. Betting against the spread provides a much better opportunity to do this.
A moneyline bet is a much better option for certain sports. Nonetheless, it’s hard to make any real money with this type of wager. If a sport has a spread betting option available, it’s almost always worth it to go with that option.
A spread bet is usually your best bet. But keep in mind that you still need to ensure it’s right for your specific circumstances. Don’t always just make a bet against the spread because the option is available to you.
Get your feet wet in the industry in placing some moneyline bets. Eventually, you need to take a dive in the deep end, and start betting against the spread to make some real money.
Check out these sports betting guides to learn more about odds and betting tips.
Moneyline vs Spread Betting: Which Should You Choose?
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On September 5, 2019, Aaron Rodgers and the Green Bay Packers will take the field against Mitch Trubisky and the Chicago Bears to kick off the 2019-20 NFL season. By the time they do, sports bettors will have put down millions of dollars worth of bets on the game.
Want to get in on the action? If so, you’ll need to decide which of the two teams you want to bet on. You’ll also need to decide if you want to place a moneyline bet or a point spread bet.
Before deciding on moneyline vs spread betting, you should make sure that you know the difference between the two. Here is what you need to know about moneyline bets and point spread bets .
Moneyline betting is very easy to understand. When you place a money line bet, the only thing you’ll need to do is pick a team that you think is going to win a game outright.
If you were to place a money line bet on the aforementioned Packers/Bears game, you would need to place it on either Green Bay or Chicago. You would also need to check out the odds for a moneyline bet before making it.
As of right now, the moneyline odds for the Packers/Bears game are:
This means that, if you were to bet $100 on the Packers on the moneyline, you would win $150 if Green Bay wins the game. However, if you were to bet the Bears on the moneyline, you would need to put down $180 to win $100 back if Chicago wins the game.
Spread betting is slightly more complicated than moneyline betting. But it’s not that hard to figure out.
When you place a spread bet, you’ll need the team that you bet on to “cover the spread” that was created for the game in order for you to win.
Let’s use the Packers/Bears game as an example again. As of right now, the point spread for the game is:
If you place a spread bet on the Packers, you would need them to either win the game outright or cover the spread by losing by less than 3.5 points. If, on the other hand, you place a spread bet on the Bears, you would need them to win by more than 3.5 points to cover the spread.
In both instances, a $110 bet would net you $100 if your team covers the spread, regardless of which team you choose to take.
There are pros and cons that come along with both moneyline and spread betting.
Those who prefer putting down moneyline bets love the fact that they don’t have to worry about keeping an eye on the point spread when they’re watching a game. They only have to worry about whether or not their team wins.
But as you can see, one of the downsides of moneyline betting is that those who bet on a favorite often have to lay down more money than they would have to when using spread betting. And those who bet on an underdog don’t have the benefit of “getting” points during a game.
Those who prefer putting down spread bets, meanwhile, love the fact that they get more balanced betting odds that don’t force them to lay down more money than they want to. They also “get” points on underdogs and can win a bet even if the team they pick loses.
But one of the big drawbacks of spread betting is that a favorite can win a game outright but not cover the spread in the process. This can leave some bettors kicking themselves when they realize they would have won if they had just made a moneyline bet.
It’s up to you to decide which type of bet you like best. Many bettors switch up their approach based on the odds offered on specific moneyline vs spread bets.
If you don’t have a ton of betting experience, you might want to experiment with both moneyline and spread bets. You’ll be able to see which one you prefer.
Your opinion on moneyline vs spread betting may change over time, too. You’re free to switch things up and use whichever type of bet you want depending on what the betting odds are for different games.
Regardless of which type of bet you choose, we can help you make smarter bets when you sign up to receive our picks. Get in touch with us today to learn about the benefits of signing up for our NFL picks package.
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