Better To Bet Money Line Or Spread

Better To Bet Money Line Or Spread
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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by Sam Profeta | Jul 11, 2021 10:07 am | Sports Betting | 0 comments
LONDON — With the Euro 2020 Finals , soccer betting fans have a matchup between England and Italy on Sunday. England is favored to beat Italy despite being a pick ’em on the spread.
With a 0.0 spread , either team would need to win by just 1-point in order to cash, giving an opportunity to double down on a moneyline bet, but which way is more profitable?
England is a +105 favorite , not giving much of a payout compared to the +155 odds on the moneyline. Even being split 0, -0.5, if one believes England to win, betting the moneyline is a better payout . However, the benefit of taking the spread comes with mitigating losses on a draw.
Because half of the spread bet is +0, this push would refund half of the bet back to anyone betting on England for the Euro 2020 Finals.
For betting on Italy at legal sports betting sites , the split becomes slightly more involved.
With +210 odds, anyone thinking Italy takes a victory in 90 minutes has the best opportunity on the moneyline. The payout is higher and the bet has a less expensive vigorish compared to the spread.
Still, fans of betting on Italy in the Euro 2020 Finals can find some support by taking the spread. This opens up a win when drawing due to the +0.5 spread, and leaves a profit of $50 on the spread rather than losing $100 on the moneyline .
One important factor to point out however is the loss aspect. Betting the spread benefits Italy supporters who are unsure of a win, but it is actually less expensive to lose on Italy on the moneyline compared to the spread if England were to win straight up .
Because of the underdog odds on the moneyline, a $100 loss would be 20% less than losing $125 on the favored and more expensive odds given to the 0, +0.5 spread.
With Italy being able to hit the Over in six of their last eight games but England only in two of their last eight games , it seems the three-way moneyline or spread are the best way to bet on the Euro 2020 Finals .
Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.
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