Money Line Bet
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
Every game has a Favorite and Underdog associated with the Money Line Odds and the plus (+) and minus (-) symbols are used to differentiate the teams. For NBA money line odds, it s a simple math formula that s based on $100 wagers. Toronto -400 (Bet $100 to. What is the Moneyline? A moneyline bet is picking which team will win a game. There is no spread or line associated with this bet, although the odds and payouts will alter based on which team is the favorite or perceived better team. But at it's core, all you have to do is pick who wins.
Money lines are represented in negative and positive values.
Money Line Betting on other sports. Like in the example we posted above, you can place Moneyline bets in almost any sport. The betting is popular in NHL and MLB betting. In those two sports results are usually low, and the moneyline market is the default way of betting. Moneyline betting is really about volatility. When playing the moneyline, you pick either one team or the other. If you are wagering on the National Hockey League and making moneyline bets, you'll either be pulling for the favorite or the underdog to earn the win in either regulation, overtime or a shootout.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
Moneyline Betting
New England Patriots -240
Money Line Bets Parlay Bets
Miami Dolphins +220
Money Line Bet Calculator
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
Money Line Bet Soccer Draw
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
Money Line Bet Meaning
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.