What is Money Line?
The term “Money Line” in sports betting is widely known. If you’re a new player, it certainly seems unfamiliar and questions pop into your head. Not a problem! In this article we will talk at length about the so-called “Money Line” bet. We’ll tell you what it is; what money lines are; we’ll note which sports it’s best applied to and how to take advantage of it for better winnings.
To put it most accurately, it’s an American form of betting where you have to guess the winner of the fight. Similar to some extent to predicting the final result in mass sports betting. The difference comes in that here you have to guess the winner and calculate the payout from the money line. You might come across this type of betting if you are betting on some of the most popular American sports – NHL, NBA, NCAA, etc.
Line Betting is another great option for most of the national American sports like National Rugby League.
What +100 +200 +300 Money Line means?
These money line numbers are actually the American odds. They measure the probability of a particular team winning and the corresponding profit it will bring you on a $100 bet. For example, play the Detroit Red Wings against the New Jersey Devils. The bookmaker has set +135 for Detroit and -135 for New Jersey. You choose the money line you plan to bet on, keeping in mind that the “+” in front of the number means the team/player is the underdog in the game and the “-” is for the favorite. This is the place to note that there will be matches where there may be two “-” signs in front of both participants in the event. This means that the forces are equal and the one who is closer to zero is considered the favorite. We give an example again. If Detroit is -105 and New Jersey is -110, then the Red Wings team is considered the favorite.
Calculating the profit is a simple task. For example, if the money line for your team is -200, then you will win a net profit of $200 on a bet of $100, and the total payout will be $300 (bet+win). This should tell you that the team/player you are considering betting on is not a favorite, but even an underdog in the match and the pre-predictions are not on their side. The money line is easy to understand once you face it.
Learn more about Plus and Minus in sports betting from our brief introduction.
What is Negative Money Line?
The negative money line indicates how much you would have to risk to win $100. To fully understand it, we will give you the following example. If the money line in front of the team/player you have chosen to win is -300, then that means that on a successful bet of $300, you will win a clean $100. This is why it is called a Negative Money Line, as the bet exceeds the win value several times over.
As noted earlier the + (Postivie Money Line) is the bet on the underdog in a fight where the payoff exceeds the value of the bet. In the long run, it is not the best strategy to bet only on the Negative Money Line as sooner or later the favorite always bottoms and this can lead to serious losses in the bank.
Is Money Line a good bet?
The potential of this type of bet is really good and can bring solid profits to the bank if you bet wisely and use the money lines well. Honestly, any winning bet is a good bet, but the specific advantages of Money Line betting are that it is an extremely simple bet type that is suitable for a single bet or in combination with other sports bets. They are difficult to use when two evenly matched teams/players come up against each other and the money lines are too close. The highest profits will be made playing Positive Money Line (+) when the odds of winning exceed the bet times.
Why is there no money line option listed for a particular game?
Last but not least, it should be noted that the money line option for a game is not always available. For example, at many bookmakers a money line betting option may be absent if in a match one team/player is too clear favourite is the spread is higher than 10-14 points. In this case, sports betting sites will only give you the option of spread betting.
