What Is Moneyline And Spread In Betting

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What Is Moneyline And Spread In Betting
Home > Moneyline, Spread and Total Betting Explained

by Jonathan Smith May 5, 2020 November 19, 2021

Jonathan has over 25 years’ experience in the sports betting industry, as a senior odds compiler at a number of high profile fixed odds and spread betting firms in the UK.
He is the architect of numerous bespoke internal training schemes for sportsbooks around the world, delivers training both online and in person and also builds bespoke trading tools for clients to complement their sportsbook operations.
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Moneyline betting, spread betting , and betting on the totals are the most popular types of sports bets. But what are they and how do they work?
This is simply a bet on who will win the match, be it a team or an individual. Naturally, some teams or players are superior to others, so as a result, you will usually find the favorite with a negative number whilst the underdog will usually have a positive number attached to it.
Chicago is favored over Green Bay. Bettors of Chicago would need to stake $170 to win $100, whereas those who think Green Bay will win the game will win $150 should they bet $100.
In sports where a tie is possible, moneyline stakes are refunded if that game ends in a tie. It is always worth checking the terms and conditions of your sportsbook to determine their rules in such an event.
This type of bet is known by a number of different terms , depending on the sport with which it is associated.
Hence while it is known as the spread in NFL and NBA, NHL bettors will know this as the ‘ puck line ’, while baseball bettors will be used to seeing it called the ‘ run line ’.
Whatever you choose to call it, the bet acknowledges and caters for the difference in ability between teams by giving the perceived underdog an advantage; a head start if you like. In NFL this will come in the form of points, in baseball it will be runs and in ice hockey it will be goals.
Cleveland is considered to be superior to Tennessee, so in order to level the playing field, Tennessee is given a notional 5.5 points head start by the sportsbook. So, if you bet on Tennessee with a 5.5 point head start, if they win the match or lose by less than 5.5 points, your bet will be successful.
Equally, you may feel that Cleveland will overcome that 5.5 point disadvantage. If you do, Cleveland has to win by 6 points or more for your bet to be successful. Note that by using a half-point in the spread, the sportsbook has ensured on this occasion that there cannot be a tie on the handicap .
This is not always the case. In the example below, where Chicago is a 3 point favorite, stakes would be returned to all bettors in this market were the result to end Green Bay 17-20 Chicago, for example.
The attraction of a bet on the spread is that it has the effect of turning even the most one-sided game into a competitive one. As a result, the odds for both favorite and underdog generally tend towards parity if the line is considered to be accurate.
Note that in baseball and ice hockey, the advantage is always set at 1.5 runs/goals because of the lower scoring nature of these sports.
This bet is as obvious as the name implies. Customers are offered a line which the sportsbook considers to be the median outcome and they are invited to predict whether the result of the game will be above or below that number.
In basketball and football, this line will refer to the total points in the game, in ice hockey it will refer to total goals and in baseball, total runs.
Here is one such example of a totals bet:
Here, the sportsbook has set 10.5 as the total runs in the game and customers can bet under or over that number.
In the next section, you can read about How Sportsbooks Make Money .

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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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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