The Moneyline Explained: How to Read Moneyline Odds
The Moneyline Explained: How to Read Moneyline Odds
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An example of the point spread wagers is in a game involving 2 NFL teams like the Patriots and Bengals. If the Patriots are -6.5, they are the favorite due to the negative sign. The Patriots need to win by 7 points or more for bettors to enjoy the win from the current odds. Results from the analysis of the sportsbook’s finances also influence the lines. Hence, the creation of betting lines involves complex processes.
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Craps is a popular dice game at casinos, and there are many different types of bets that can be placed on the craps table. For deposits and withdrawals, we offer a choice of several dozens of popular payment systems. We also allow you to make transactions using all popular cryptocurrencies. Online sportsbooks will adjust their moneyline odds as one side gets more of the action from the betting public. This changes the value of your potential return, so it’s important to pay attention to line movement and the opening/closing odds. To place your bet, all you need to do is click on the moneyline number attached to the team you believe is going towin the game.
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You can place money line bets at any of the legal sportsbooks we recommend. Examples are FanDuel Sportsbook, DraftKings Sportsbook, BetMGM and Caesars Sportsbook. Money line betting is not much different than any other kind of bet in relative value. If the odds are advantageous on any type of wager, it is a +EV (expected value) bet. For example, say you want to bet $50 rather than $100 on our -200 favorite from above.
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Say you can only get four and a half points (+4.5) on the spread, you might be able to take +165 odds on the money line. It may be worth taking the dramatically increased profit in an outright win rather than the points on the spread. Say the Los Angeles Rams are three-point underdogs (+3) against the San Francisco 49ers in an NFL game. This means if you bet either on the point spread, the odds will likely be -110 on both, meaning a $110 wager garners you $100 on either side. Yet on the money line, you might find that the Rams are +130, meaning a $100 wager wins you $130.
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There are various types of prop bets in the sports betting industry. Major examples include wagers on the team point totals, “will it occur,” individual performances, first on the team, and timing wagers. A fundamental example of prop bets is deciding whether a coin toss is a head or tail. If the Bengals are +6.5, they need to lose by 1 to 6 points or win the game for bettors to succeed in the wager. Note that the plus sign behind the 6.5 value depicts they are the underdog. In cases where the point spread is a whole number, like Bengals +7 and Patriots win by 7 points, it equals a push.
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Another reason to bet on the money line is that perhaps you feel that a favorite is all but guaranteed to win. This does not mean that they would be guaranteed to cover a large point spread. While the payout will be meager on the money line, you may consider it close to free money.
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