Money Line Bet Definition

1. Money Line Bet Definition

While not as popular as betting against the point spread in sports gambling, betting the “over/under” isn’t that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as “the over” or “the under.”

Not everyone is willing to bet $100 on a game, but the odds are set with that number. For example, if the money line odds on the Broncos were listed as 'EVEN' you will get $100 for every $100 bet, or $150 for every $150, etc. Now that you know how the money line works in sports betting, here would be the perfect place to clear a confusion often ran into by people new to betting or to the American system of betting odds. What Is a Moneyline Bet? A moneyline bet simply involves you picking one of two teams to win the game. No catch, no angle, just the right answer or the wrong answer. Each team/person in a matchup for a moneyline betting option is given a separate numerical value for bettors to. A Money Line or straight up wager is a bet on the outright winner of the game or event, without any point spread odds. A Money Line better doesn't have to worry about a team winning or losing by a certain number of points. The money line is actually the most straightforward bet you can have on any sport. Whilst the spread bet is on a team to win and by how many, the money line is a bet on simply a team to win. Money Line – How it Works. Here is a typical money line for a game in the NFL: Green Bay Packers +180 Pittsburgh Steelers.

What does over under mean in betting?

Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established “money line” to pick a winner at a set price.

Unlike a point spread bet in which you are aligning yourself with one team, you’re betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.

In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.

The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games (“getting on a roll”) and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It’s human nature…until they don’t.

If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop.

Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.

The key to betting the over/under is to look at a slate of games without knowing what the over/under is and set what you believe it should be based on your knowledge of those two teams. The ones that differ the most from what you think should be are the ones to place your bets on.

One final note that has been a mantra of those who bet the over/under with some consistency – every game is under until it goes over.

If you’re new to sports betting, start with picking and choosing games you’re convinced should go under and get an understanding of how late-game fireworks can botch your plans.

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.

The favorite team or player on the moneyline is the team that’s expected to win. This side of the bet usually listed with a minus (-) sign. The underdog team or player on the moneyline is the team that’s expected to lose. This side of the moneyline is usually listed with a plus (+) sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.

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 this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.

The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100 wager would pay $136 in profit if the Buccaneers won the game (for a total payout of $236). Bettors often like picking underdogs because they are usually “plus” money. This side of the moneyline bet pays out more money per unit than a wager on the favorite.

In this example, the moneyline on the favorite Chiefs was -156. At -156 odds, a bettor would need to wager $156 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

Money Line Bet Definition

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.