Should I Bet Moneyline Or Spread

Should I Bet Moneyline Or Spread
Moneyline vs. Spread Betting: Understand the Differences
Sports Betting Guides » Moneyline vs. Spread Betting: Understand the Differences
There are many different types of bets available to bettors. You look at a set of odds and ask yourself:
What is the difference between a moneyline and spread bet?
While some differences are obvious, there are many that you might not be aware of.
The main difference between a moneyline and spread bet is the result required for you to win your bet.
A moneyline bet means the side you choose needs to win.
A point spread bet means that the side you choose needs to win or lose by a certain number of points for you to win your bet.
Take the following game as an example:
Indianapolis Colts at Houston Texans have a spread of 8. The Colts moneyline is -375 while the Texans moneyline is +300.
Let’s say the final score ends with Colts 28, Texans 24.
To understand the different scenarios of placing a moneyline vs. spread bet on this game, here are how the scenarios would have played out ($10 bet):
To get these payouts, you can use the odds calculator .
As you can see, betting on the point spread levels the playing field. The odds are reflected with this change.
The Texans were +300 on the moneyline (25% implied probability) vs. -110 on the spread (52.4% implied probability, getting 8 points).
Moneyline bets have more extreme odds compared to the point spread. Most point spread odds will be your standard -110. Moneyline odds can vary from as low as -10000 to +10000 or more.
Many sportsbooks won’t typically offer moneyline odds at such extremes. Since the moneyline can be converted to an implied win percentage, it can be a good check to see how likely a given bet is to win.
There are a few things to consider when deciding between a moneyline vs spread bet.
While moneyline and spread bets are highly correlated, you may spot some inefficiencies between the lines.
If you have confidence that a moneyline might be off compared to a listed point spread, then it might make sense to go with a moneyline bet.
The main difference between moneyline and spread bets are the odds associated with each.
With moneyline bets, you are more likely to win your bet if you are betting on favorites and more likely to lose betting on underdogs.
With point spread bets, you will be much closer to a 50% win percentage over the long haul.
Your bankroll and the amount (% of bankroll) you are putting down on each bet could inform whether you choose moneyline or spread bets.
For example, say you have a $100 bankroll and are betting $5 per game. This means that if you lost your first 20 bets, you would be out of money.
While that may seem unlikely, it is dependent on the odds you are betting at. If each of those 20 bets was on heavy underdogs (ex: +500), then you may deplete your bankroll too fast.
If you were betting on point spreads at -110, then you are much more likely to have a longer runway due to a higher percentage chance of winning each bet.
Ultimately you will pay the vig on every bet, so you need to take that into account as well.
Moneyline and spread bets are very different, so it depends on your goals.
If you want to bet on big underdogs hoping for a big payout, then a moneyline bet is better.
If you are a conservative bettor and want to win more often at a lower payout, then moneyline favorites are better.
If you want to roughly have a 50% chance of winning your bet, then a point spread bet is better.
In terms of entertainment value, spread bets could also have an edge as it is more likely each game you bet on has an outcome close to the spread, making bets on each side very exciting.
The advantage in terms of entertainment value for the moneyline comes from big underdog moneyline bets. These bets have big payouts and a small chance of happening. Who doesn’t love rooting for the big underdog to pull off the upset?
You can bet on both the moneyline and spread on the same game, they just can’t be parlayed.
Some sportsbooks do offer same game parlays that would allow you to bet on the same game.
While you can bet on the moneyline and spread of the same game, it might not make sense to do so.
Going back to the Colts/Texans example, let’s assume you bet the Colts both spread (-8, -110) and moneyline (-375). A $10 bet on each of those would have net -$7.33.
The moneyline bet won (+$2.67), but the spread bet lost (-$10). If you did decide to bet both moneyline and and spread of the same side, you would probably want to vary your bet amounts.
On the flip side, if you bet both Texans moneyline and spread, you would have lost -$0.81.
If you wanted to hedge a bit, you could have bet the moneyline for one team and the spread for another.
If you thought the Colts were going to win, but by less than 8 points (the spread), then you could have bet the Colts moneyline and Texans spread +8.
In this example, both bets would have won, netting +$11.76 on $20 wagered.
Many times it just makes sense to choose either the moneyline or spread, not both.
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You are here: Home » Betting » Blog » Moneyline vs Spread Betting
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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Home Sports Betting Is it better to bet Spread or Moneyline?

10/06/2020
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Spread and moneyline bets are two of the most popular in sports betting, especially for beginners.
Many people see them as being direct opposites, which is why moneyline bets are popular with those who bet on sports like soccer and basketball, while spreads are more popular in football.
Before choosing between these two types of bets, the first step should be to understand them.
Moneyline bets are the classic bets, where one simply has to choose which one, of the two teams playing each other, will win outright.
Say, for instance, the Green Bay Packers are playing against the Chicago Bears.
The odds would be Packers +150 and Bears -180.
Spread betting is slightly more complicated than the moneyline.
When one places a spread bet, they need the team they bet on to cover the spread that is created for the game for them to win.
Again, using the Packers and Bears game as an example, the spread for the game would be as follows.
Packers +3.5 (-110) and Bears -3.5 (-110).
In either case, if the team one chooses covers the spread, a $110 bet would result in a win of $100.
One of the cons of moneyline bets is that when betting on favorites, one will have to lay down more money than they stand to win, or generally more money than the spread bets.
Further, when betting on the underdog , bettors do not benefit from getting points during a game.
This, therefore, makes it less risky when it comes to betting on heavy favorites to win.
One also ‘gets’ points on underdogs, meaning they can win a bet even in situations where the team they picked suffers a loss.
The sportsbooks like it when people bet on both teams as they stand to benefit on either team wining or losing, rather than the moneyline situations where when one team wins or loses, the sportsbook loses collectively more.
Regardless of the bet you choose, pick one with which you are comfortable.
Ultimately, whether your bet wins or loses will depend on the stats and performance record of the teams involved. The approach might also change depending on the specific odds offered.
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