When betting on Moneylines, sports fan are often confused by the terms and terminology used on the betting websites. Therefore, it may come as a pleasant surprise to most readers that understanding Moneylines is much easier than the traditional bets. In simple terms, when betting on money lines, the only thing to consider is win or loss. Hence, players only need to bet if their team will win and the extent of win or loss does not matter.
Traditional bets most often offer specific probability of win or loss. For instance, a traditional bet may suggest that a specific team is favored by 2.5 points or 4 to 1 etc. However, Moneylines bet are presented in numerical digits, usually in increments of 5. In a typical scenario, a player may see the odds similar to such numbers as -110, +200 and -140 etc. For Moneylines fans, it is important to understand that negative (-) figures are associated with favorite teams and (+) figures are associated with underdogs.
Reading the Moneylines
For ease of understanding, it is easier to associate a Moneylines bet with $1. Therefore, a figure of +130 will means that anyone betting on the team will get $1.30 if their team wins. Of course, different brokers have different terms regarding the minimum amount that you can wager. Still, $1 is a good benchmark to understand the Moneylines. In this scenario, if the minimum bet was $10, the player will get $13 for accurately predicting the winning team.
For negative figures, the Moneylines work in the opposite manner. For example, if the Moneylines suggest -130 for a specific team, considering that the minimum wager is $1, the player will need to pay $1.30. In this instance, the winning sum will be $1.
If the above example seems complicated, just remember that the positive figure e.g. +150 indicates the winning amount in relation to the bet. On the other hand, negative figure -150 tells the player that it the minimum amount that they need to pay in relation to the bet. Hence, if the minimum wager is $1, +150 will mean that the player will win $1.50 if their team wins. In addition, the player will also get $1, which was initially invested as a wager.
On the other side, if the figure indicates -150, it simply suggests that the player will need to wager $1.50 to win $1.00, considering that the minimum wager is $1. If the player wins, they will get $1, the winning sum, and the initial wager invested, which was $1.50. In this instance, it is interesting to note that the negative figure will always require higher amount to place a wager compared to the winning sum. It is due to the fact that negative MoneyLines are always associated with favorite teams. Since, favorite teams are more likely to win, it makes sense to give smaller amount in return.
Overall, just remember that a positive figure indicates that the player will win that specific amount; whereas the negative number indicates that the player will need to pay that amount to win the odds.