If you are ready to enter the world of sports betting you may find it a little complex at first however it is not nearly as intimidating as it may first look. Three of the most popular types of wagers are point spreads, totals (over/under) and moneyline.
What does this terminology mean? Let’s start with moneyline.
While the point spread which will be covered later, is concerned point scoring,
the moneyline is exclusively interested in who wins. The moneyline can be wagered in just about every sport, however baseball, soccer and hockey are the two-team sports that use it as the primary betting option. The main reason is that these sports results tend to be much lower scoring, with the teams each totaling single digits in runs and goals, respectively. While there are margins of victory, they are so small it would be impossible to create a point spread for every game. In other words, smaller results lead to moneylines becoming the betting option of choice made available by oddsmakers, and larger numbers require them to mainly utilize point spreads.
The best way to explain the money line is to show an example of it in action, so let’s have a look at what is going on now in MLB. San Francisco vs. Miami.
Instead of Miami being 1.5-point favorites (meaning they have to win by two runs to win the bet), they are -150 baseball moneyline favorites. The Giants might be +130 moneyline underdogs. In this case a bettor would be required to risk $150 to win $100 by betting on the Dolphins, while the Giants bettors would be risking $100 to win $130.
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American odds always use a 3 or more digit whole number expressed as either positive or negative. When dealing with a negative money line this represents how much a bettor must stake to win $100. The reason there are positive and negative money lines is because teams are often not equally matched.
It’s important to remember that even though money lines are expressed in units of $100, you do not have to bet that much money. The money line will work just as easily with a $5 or $10 wager as it does with a $100 bet.
The difference between moneyline odds on the favorite and the underdog will continue to climb as the disparity between the two increases. bookmakers typically only make money when the underdog wins. In point spread betting, the bookie hopes to have an equal amount of money wagered on each team, which will guarantee a profit. In moneyline betting, the bookie realizes that more people are going to wager on the favorite, and can only hope to have enough wagered on the underdog to cover their potential losses on the favorite. Now that the basics have been covered, get in the action, sign up at: http://heritagesports.eu