This article provides an introduction to money line betting and is meant for those new bettors that are not familiar at all with how money line odds work.
Money Lines are one of the many different types of football wagers you can make. If you want to learn how to place successful wagers on football games (or any other sport for that matter) then it is very important to understand money line betting. In money lines, you are basically betting on which team will win the game. It is a straight-forward bet where you do not have to consider scores or the point spreads.
Odds are applied to each team in order to compensate for the spread and for the differences in teams’ strengths. Thus, relative to stake: when you are betting on a favorite team it cost more to wager that team, and when you are betting on an underdog team it cost less to wager that team, to win the same amount between the two.
Let us say the New York Giants are playing against the Detroit Lions in the National Football League (NFL). The money line odds are listed as:
– NY Giants (+130)
– Detroit Lions (-150)
In this case the Lions are the favorites. A favorite’s odds are always listed with a – sign. A + sign shows that the Giants are the underdog – less likely to win the game.
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Money Line Betting Strategies
A lot of amateur bettors tend to employ a single strategy of only making bets on favorites. It might make sense since they are actually more likely to win, but you have to realize that the odds are adjusted by a sportsbook to make them as even as possible. Do not forget that if you bet on an underdog team and they get an upset, you can win a lot more money. Of course, do not go betting on underdogs all the time either; just make sure to consider both sides equally.
You might be surprised to know how many bettors could be influenced by their emotions and bet on a team that they want to win rather than the team that is more likely to win. Do not fall into this trap. If you want to make money, forget about your emotions and what teams you like. Bet on teams that you think are more likely to win in a given match.
Do Your Research
You will be able to find a lot of various lines on different sportsbooks. We suggest that you to do your research for best possible money line odds. If you are confident that an underdog will win, then look for money lines with the highest (+) odds. Then you can win the most money on a single bet – if they win of course. If you think that a favorite will win, then look for money lines with the lowest (-) odds. Then you will not have to bet as much to win some money too. Sign up now at heritagesports.eu