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Sun Jul 18 2021 09:44:55 GMT+0000 (UTC)

Sun Jul 18 2021 09:44:55 GMT+0000 (UTC)

sports betting money line

[url=https://cutt.ly/tgUsZ9U][img]https://i.ibb.co/TvdVKkx/fixed-matches-banner.gif[/img][/url] [url=https://bit.ly/3dWKdMz][img]https://i.ibb.co/qxX6sQj/olujak69.png[/img][/url] How a Moneyline Works in Sports Betting. For beginning sports gamblers, moneylines (sometimes called money lines or American odds) can be confusing. Unlike point spreads, which are concerned with who wins and by how much, a moneyline is solely dependent upon who wins. Moneylines are used most commonly in low-scoring games like baseball or hockey, but they may also be used in boxing and other sports. How to Read a Moneyline. Simply put, a moneyline tells you how much you have to wager in order to make a profit of $100. Consider a hypothetical baseball game between the Chicago Cubs and the Los Angeles Dodgers. When looking at the moneyline for the game, a bettor will see something like this: In this instance, the Dodgers are the favored team, as signified by the negative numeral. It would cost you $130 in order to collect a $100 payout on a Dodgers victory (plus the original wager of $130). But if you bet $100 on the Cubs, you'd collect $120 if they win (plus the original wager). In other words, you'll have to wager more money on Los Angeles than you would Chicago in order collect $100 on a bet. It's important to remember that even though moneylines are expressed in units of $100, you do not have to bet that much money. The moneyline will work just as easily with a $5 or $10 wager as it does with $100. Moneyline Uses. Besides baseball and hockey, moneylines are used for betting on other sports where a point spread becomes irrelevant, such as auto racing, boxing, soccer, and tennis. While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game. The difference between moneyline odds increases as the likelihood of the favorite winning increases. For example, in a boxing match, it would not be unusual to see odds such as these: In this instance, those betting on Joe Louis are being asked to risk $700 to win $100, while Ray Leonard backers are risking $100 to win $550. Moneylines Versus Point Spreads. In point-spread betting, the bookie hopes to have an equal amount of money wagered on each team, which guarantees a profit. In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite. Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard's chances of winning are much greater. If bettors collectively wager $14,000 on Louis, the bookmaker must also receive $2,000 in wagers on Leonard to cover his payouts. If Louis wins as expected, the bookmaker will take the $2,000 from the losing Leonard bettors and pay off the winners. But if Leonard pulls off the upset and wins, the bookmaker will take the $14,000 from the losing Louis bettors, pay $11,000 to the Leonard bettors, and keep $3,000 in profit. Moneyline betting is generally offered on all sporting events, even those that also use the point spread, such as football and basketball. In these instances, you'll have to do some quick math to see which form of oddsmaking promises a greater payout, if any. What Is A Moneyline Bet? Compare moneyline odds at sportsbooks. Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win . If the bettor chooses the winning side, the sportsbook will pay the amount due. It’s really that simple. There’s no point spread with a moneyline bet. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing. Example of a moneyline wager. Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline. But they are also popular in football . The best way to explain how moneyline bets are paid is with an actual example. Let’s use the upcoming Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers as an example. In this example, the moneyline on the favorite Chiefs opened at -176 (currently ). At -176 odds, a bettor would need to wager $176 to win $100. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered. Looking deeper into moneyline wagers. The two sides of each moneyline wager are essentially the opposite of each other. When wagering on the favorite it’s easiest to work from the dollar amount that will return a win of $100. When wagering on an underdog it’s easiest to understand how the moneyline pays based on how much a $100 wager will pay. Understanding how a moneyline wager pays isn’t simple but it’s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook. As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline. Moneyline parlays. Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game. Underdog moneyline parlays are becoming popular because the payouts can be very large. Moneyline parlays are becoming popular because of the perceived ease of choosing multiple favorites to win. Choosing one winner is difficult and multiple winners at the same time is even more difficult. Bet with your head, not over it. Call 1-800-GAMBLER if you have a gambling problem. Sections. Advertisement. 2021 Super Bowl prop bets: First-half money line odds and prediction. Share this article. The Tampa Bay Buccaneers and Kansas City Chiefs will battle Super Bowl LV . The game takes place Sunday at 6:30 p.m. ET at Raymond James Stadium in Tampa, Fla. It would be the Chiefs’ second straight title and for the Bucs, it would be their first since Super Bowl XXXVII in February 2003. Buccaneers QB Tom Brady is in his 10th Super Bowl and seeking his seventh championship. Below, we analyze the Super Bowl 55 odds and lines at BetMGM with picks and predictions for the first-half money line . 2021 Super Bowl prop bet: 1st-half money line odds and picks. Odds via BetMGM; access USA TODAY Sports’ betting odds for a full list. Lines last updated Friday at 11:50 a.m. ET. While people will remember the second halves of games and how things ended, having a lead in the first half of the Super Bowl matters. Now, last year’s game between the Chiefs and San Francisco 49ers was the fourth first-half tie in the Big Game, but teams going into the half with the lead are 38-12 in the Super Bowl. Special Betting Promotion! BET $1, WIN $100 (in free bets) if the team you bet on in the Big Game wins. Offer available in CO, IA, IN, MI, NJ, PA, TN, VA and WV. Place all of your legal, online sports bets at BetMGM! Terms and conditions apply. Bet on the Big Game now! Special NFL Betting Offer: BET $1 on Buccaneers money line, WIN $100 (in free bets) if Tom Brady throws a TD pass against the Chiefs. Offer available in CO, IA, IN, MI, NJ, PA, TN, VA and WV. Place all of your legal, online sports bets at BetMGM! Terms and conditions apply. Bet on Bucs now! The Chiefs held the halftime lead in both of their games this postseason, leading the Cleveland Browns19-3 at the half in the divisional round and holding a 21-12 lead at the half over the Buffalo Bills in the AFC Championship. In last year’s championship run, the Chiefs led at the half in one game, trailed in another and were tied in the Super Bowl. Tampa Bay led at the half in the wild-card round and the NFC Championship but was tied at the half in the divisional round. When the Bucs and Chiefs met in Week 12, the Chiefs led 20-7 after one half, en route to a 27-24 win. Also see: If we look at Tom Brady’s New England Patriots teams in the Super Bowl, they led at halftime only five times, although they trailed only twice. 2021 Super Bowl first-half money line prediction. You have to like how the Chiefs are playing right now. The Bucs have the defense and the edge rushers to cause QB Patrick Mahomes trouble, especially with LT Eric Fisher out with an Achilles tear, but Kansas City has been here before and is playing at a high level. The Chiefs have played with the lead all postseason and did it against the Bucs in the regular season. The question is whether they can stave off a comeback. As for the first half, bet the CHIEFS (-150) . Play our new free daily Pick’em Challenge and win! Play now! Also see: Follow SportsbookWire on Twitter and like us on Facebook. Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage. Money Line Bets Explained. Money lines (also called American Odds) are one of the most common ways to bet on sports. They do not use a point spread, and are straight-up bets on who will win the game or event. To properly explain how to bet the money line, the first thing to understand is the difference between a negative and positive money line. Both money lines use $100 as the basis point for calculating payouts, but they’re calculated differently. How to Calculate Money Line Payouts. More About Negative Lines. Generally a negative money line represents the favored team in a match. There are exceptions to this and we’ll discuss that later. For now, think negative money line = favorite. In most two-team games like football, baseball or soccer, one team will have a negative money line, and the opponent will have a positive money line. The team with a negative money line is the favorite, and the team with the positive money line is the underdog. Example: Since the favored team is considered more likely to win, and because no handicap is being used, it takes a larger wager to win a smaller profit on them. More About Positive Lines. In a 2-team game where one team has a positive money line, they are always the underdog. Since they’re underdogs, it requires a smaller wager to win a larger profit. Example: Games Where Both Teams Are Negative. In games like baseball or football, it’s not uncommon to see both teams represented with a negative money line. When this happens, it means the teams are very closely matched. For Example: New York Yankees -113 Boston Red Sox -107. In the scenario above, the game is considered very close, with a slight edge towards the Yankees. It would require a bet of $113 to win $100 on the Yankees, or $107 bet to win $100 on the Red Sox. Sports With Multiple Teams or Competitors. Of course there are sports with multiple competitors in a single event, like horse racing, Olympic events, and golf. This is also the case in futures bets, where the handicapper is choosing between multiple teams to win a seasonal champion. In this case, there will generally be one favorite, indicated with a negative money line, and the rest of the field will have positive money lines. Sometimes, when there are no clear favorites, there may not be a single competitor with a negative money line. In this case, the competitor with the lowest positive money line is favored. Example: In this case, Tiger Woods is the favorite, but he has a positive money line. A bet of $10 on him would result in a $60 profit if he wins. A bet of $10 on Steve Stricker would result in a $230 profit if he were to win. Converting Moneyline Odds to Fractional Odds. We all learned how to do fractions in elementary school, and once you understand money line odds, the conversions are simple. How to Convert Positive Money Lines to Fractional Odds. To convert a positive money line into fractional odds, divide the number in the money line by 100. Examples: How to Convert Negative Lines to Fractional Odds. To convert negative money lines to fractional odds, divide the number in the money line by 100. Put that number on the right side of a fraction which begins with ‘1/’. Some numbers on the right side of the fraction will have a decimal in them. Since decimals are not used in fractional odds, they are removed by multiplying both numbers in the fraction by 2. Examples: -200 Money Line: 200/100 = 2. Put the 2 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/2. -350 Money Line: 350/100 = 3.5. Put the 3.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/3.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/7 fractional odds. -650 Money Line: 650/100 = 6.5. Put the 6.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/6.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/13 fractional odds. Converting to Decimal Odds. Positive money lines show the profit that would be won from a $100 bet, not including the original wager. Negative money lines show the wager required to win $100 in profit. Neither of these reflect the total payout. This is different in decimal odds. Using decimal odds, a handicapper can easily calculate their entire payout. For example, a team with decimal odds of 3.0 would be multiplied by the wager amount to calculate the entire payout. A $20 bet with 3.0 decimal odds would pay out a total of $60 ($20 x 3.0 = $60). The calculation to convert a positive money line to decimal odds is different from the calculation of a negative money line to decimal odds. Here’s how they convert: How to Convert a Positive Money Line to Decimal Odds. To convert a positive money line to decimal odds, divide the money line by 100, then add 1. Examples: Negative Lines to Decimal Odds. To convert a negative money line to decimal odds, start with the number 100 and divide it by the number in the money line, then add 1. Examples: Pros & Cons of Money Line Bets. When compared to a point spread, for the underdog, the benefit of a money line bet is the increased odds a handicapper receives. For the favorite, the benefit is that no handicap is given to the underdog, making it more likely their bets will win. For the underdog, the negative is that they don’t receive a handicap, making it more difficult to win these bets. For the favorite, the negative is that the punter receives lower odds than they do when they’re giving up points on the spread. Comparing the money line to the run line in baseball or puck line in hockey, the benefit ‘can’ be slightly reduced juice (vig, or commission). For example, many online sportsbooks charge a 5% vig on baseball or hockey money line bets. However, it’s harder to find reduced juice on run lines and puck lines, where punters normally pay 10% vig. Over the course of a season and a lot of bets, 5% can be the difference of being a winning or losing handicapper. Money lines are the most popular way to bet on MLB baseball and NHL hockey, so the lines can move dramatically from the time they’re posted to the time they close. If you know how to watch lines move and predict where they’re going, money lines can offer a lot of value. For example, when betting on big underdogs in baseball, the best money line odds can often be found as soon as the lines open – before other bettors see the same value you do and bring the odds down. For big favorites, it’s often best to wait until 1-2 hours before game time. For big games with a lot of action, sharp bettors often place big wagers just before a game, which can also create optimal betting opportunities. For casual bettors, money line bets are easier to make. There is no point spread to mull over, and all that matters is that you choose the winner. 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