Betting Spread Vs Moneyline

Betting Spread Vs Moneyline
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.
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Do moneyline have better payouts and odds of winning than spread? The moneyline vs spread betting shows which is better for parlay sports wagers.
When bettors are choosing their wagers, it boils down to moneyline vs spread betting . Certain punters are not clear on which of the two bets can give them the best possible payout or the lowest possible risk.
This article will take a close look at both moneyline and spread betting to help you determine which has the best value.
Moneyline is a straightforward online sports wager because you are predicting the winner of a game. Most beginners in almost every US sportsbook tend to make moneyline bets since they easily understand the concept when comparing it to other wagers such as spreads and totals .
Reading a moneyline bet usually involves finding the teams with negative or positive odds . Teams or players that have a negative score (-650) are considered the favorites while those with a positive score (+400) are the underdogs. Being the favorites, you need to pay $650 because of their odds of -650 to win $100. On the other hand, the underdogs only need a stake of $100 for you to win $400. This makes moneyline bets easy to read than totals .
Point spreads are wagers for the difference between the score of each team or player at the end of a game. Spread sports betting odds usually look like -4.5/+4.5. Reading the plus and minus in betting comes down to knowing which is the favored team/player and which is the underdog.
To help you read point spread sports wagers, let us provide an example with Phoenix Suns having the -4.5 score and Milwaukee Bucks the +4.5 according to the NBA Playoffs 2022 data. If you are backing the Suns, they need to win with more than 5 points. Winnings your bets on the Bucks require them to lose and have a score that is 5 points less than the Suns' total points.
Sportsbook operators such as Bet365 or BetMGM set the score each team needs to reach or lose as well as the odds for the spread wagers of specific games. Betting odds for spread wagers work the same way as the money line. Going back to the point spread examples, both of these scores will have odds attached to them such as -150 for -4.5 and -165 for +4.5. Since these are negative odds, you need to stake $150 for the -4.5 bet and $165 for the +4.5 to win $100 for either wager.
Remember that moneyline is to bet on which team will win while the spread is on the score gap of both teams at the end of the game. With that in mind, can you bet the spread and moneyline in the same game or with different matches? It is possible to include these wagers to your sportsbook bet slip regardless if they are in the same or different match.
What you cannot do is add both moneyline and spread in the same game as legs to your parlay wager. You can only do this if the UK or US sports betting site has a "same game parlay" feature.
To know which of the wagers offer the best value to a bettor, we cover specific aspects of the sportsbook that are important to you.
Bettors want to win more than $100 during an NHL or MLB Playoff match. This mindset makes the underdog moneyline wagers appealing to both new and seasoned punters. Your stake will always be $100 when betting on the non-favored team or player to win the match while your payout will be much higher.
In terms of payouts, the moneyline easily wins this category. Point spread sportsbook odds are usually close to -100/+100. Profits from a spread bet are usually around $10 to $90. Even if the match is between the best and worst-performing basketball, baseball, hockey, or football team, the odds rarely reach +300.
When you have a ranking team go up against a low ranking one, the moneyline bets usually involve a low-risk and high-stake favorite as well as a high-risk and high-payout underdog. Your chances of winning the favored bet are higher since you are backing the team that is likely to reach the finals. However, you are still staking so much money for your bet to win and there is always a chance the low-ranking team can win this game.
Point spreads are usually the better option over the moneyline bet for this type of game due to their low-risk factor . You can win this bet if the score gap between the favored and underdog teams reaches past a specific point. This is why a majority of spreads across various sports games have their odds close to 100 since there is a higher chance of winning them.
For bettors considering which legs to add for their parlay sports bet , moneyline bets are the riskiest ones to add . If a single leg of your parlay wager loses, the whole bet loses regardless of how many legs have yet to be resolved. Because of the tremendous risk, a moneyline parlay bet represents, the payout is multiplied by the number of legs within it.
Point spread parlays have a lower risk than moneyline bets, but these have a fixed sports betting payout for a specific number of legs. Various parlay sportsbook sites may have the following payout:
As indicated by the payout rates, point spreads offer better value than moneyline when it comes to parlay wagers. Point spreads have better risk-vs-rewards when you include more than 4 legs in your accumulator bet slip. However, be wary of the risk of having numerous legs in your parlay since it only takes one losing spread to lose your entire bet.
When it comes to payouts among moneyline vs point spreads , the former is the best choice because of the high-risk underdog odds. However, spread sportsbook bets are the easiest ones to win and are a highly valued parlay wager bet because of the simple score gap requirement.
This article was published on April 26, 2022 , and last updated on June 30, 2022 .
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Betting on sports gives you a ton of options. Everyone has their own ideas and approaches and preferences. Wager types will vary by person. And yet, no two bets are more popular than the moneyline and point spread . They are the wagers both newbies and pros use, staples that are easy to understand because they deal with the outcomes of straight events or, in some cases, future bets .
Of course, because moneyline and point spread wagers are so absurdly popular , they often get confused for another. And if that’s not an issue, it can also be tough to decide which bet to place depending on the situation. Complicated still, even the most thorough betting guides only loosely touch on the differences and merits between the two. There isn’t enough literature that goes into detail, covering the ins and outs of everything you could possibly need to know.
Let’s begin with the moneyline, the most basic wager of all. When you’re betting on this, you’re trying to choose the winner of an outcome . That’s it. That’s the whole point.
Moneyline investments only get slightly difficult to parse when looking at potential returns. They are all over the place, depending on how heavy a favorite or underdog or team or player may be at the time.
Assume you’ve perused the latest NBA betting odds and come across the following game line: Los Angeles Lakers (-250) vs. Detroit Pistons (+350) . A few things should stand out here. First and foremost, the presentation alerts to the favorite and the underdog.
Negative moneylines indicate the favorite, in this case, the Lakers. They tell you how much you need to wager in order to make a $100 profit. The Lakers’ hypothetical line means you need to gamble $250 to secure a potential payout of $350.
On the other side, positive moneylines constitute the underdog, which for us would be the Pistons. This tells you how much of a profit you’ll make for every $100 you put on the line. So if you laid $100 down on the Pistons’ moneyline against the Lakers, you’d have a chance to nab a total payout of $450, for a $100 profit.
This is really all you need to know for now. You can get into parlay bets for moneylines and futures, but the information we’ve outlined here is the basis for which every moneyline investment should be made .
Reading point-spread lines is a little bit more difficult. These bets don’t have you predicting a winner necessarily. They deal more in having you cover certain point differentials .
Let’s say you’ve poked around the upcoming week’s college football betting odds and happen upon the following line: LSU Tigers (-6.5) vs. Clemson Tigers (+6.5). Unlike the moneyline, not all of your options consist of forecasting who will take this game. But like the moneyline, these numbers should clue you into the favorite and underdog.
Point spreads presented with a minus sign represent the favorite, and you would read this line as LSU giving 6.5 points . This means that you not only need them to beat Clemson but that they have to do so by seven ore more points, lest your wager is deemed a miss.
Meanwhile, point spreads with a plus sign symbolize the underdog in a given matchup. You would read our example as Clemson getting 6.5 points . This, in turn, means that you don’t need them to win if you take their spread; instead, you merely need them to lose by fewer than seven points (or outright win).
Online Sportsbooks and betting experts will often refer to the outcomes of these wagers as “covering .” If LSU wins by seven or more points, they have covered this spread. Conversely, if LSU covers the spread, it means they’ve lost by fewer than seven points or actually taken home the W.
There are a few different reasons why sports gamblers prefer moneylines to point spreads. Overall, though, it pretends on the level of confidence in the bet they’re placing.
For this next example, let’s say you’ve searched through the latest NFL betting odds and see this game line:
The moneyline in this instance should, above all, should appeal to anyone who believes the Patriots are going to win. Underdogs always payout more than 1-to-1 (New England is 1.5-to-1 here) while all point-spread bets typically return -110. This part’s a no-brainer.
Contemplating the moneyline for favorites is a little bit more difficult . Risking $175 just to make a profit of $100 on the Chiefs might seem like a lot for some. At the same, if you think Kansas City will win but aren’t quite sure whether they can do so by at least four points, the moneyline gives you the ability to wager on a straight victory rather than the terms under which it comes.
This is why so many gamblers prefer moneyline. It removes some of the guesswork . You’re just trying to pick a winner. It’s simpler. You’ll find that higher rollers especially enjoy betting moneyline favorites. They won’t care about how much overhead they’re encountering in return for a certain profit.
Consider someone who’s willing to lay $10,000 on the Chiefs’ moneyline. If we plug the line and wager into an odds calculator, we see that they stand to make a profit north of $5,700. That’s a pretty significant amount of cash and likely worth the risk if you can stomach a potential loss.
Betting point spreads come in handy if you’re confident in favorites pulling off a blowout, regardless of what the game line actually says.
In our hypothetical game, if you think the Chiefs are going to handily beat the Patriots, it makes sense to take Kansas City at -3.5 rather than taking their moneyline. By going this route, you guarantee yourself as almost a 1-to-1 return. Betting on their moneyline, at -175, would net you much less than that.
Now, if you’re interested in underdog wagers, the point spread is especially useful if you aren’t sure whether they’ll actually win.
Sure, the Patriots’ +150 line might be intriguing. Who doesn’t want to earn a 1.5-to-1 return? You could get $150 in pro
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