What Does Money Line Mean

Money line bets are possibly the simplest form of sports betting. Money line bets do not use point spreads like straight bets do. Instead, your job is to pick the winning team with no concern to the score. Since one team may be heavily favored over their opponent, odds for each team are different. It may seem confusing at first, but money line bets are very easy to understand.

Except in situations where opponents are considered an even matchup, the favorite will have a negative (-) money line and the underdog will have a positive (+) money line. Negative money lines indicate the amount of money needed to wager to win $100 in profit. Positive money lines indicate the amount of money that can be won from a $100 wager.

What is the moneyline? A moneyline bet is a bet placed on one side or the other of a game, match, race, or any other sports event. The moneyline represents the value, or price, that a bettor is a paid out at if the competitor or team they bet on wins the game or match.

Recommended Sportsbook for Money Line Bets:

  • Money line is also sometimes referred to as “American Odds.” The standard (and often implied) number is –110, meaning a successful bet of $110 would net $100 profit.
  • What does a positive money line mean? A positive Moneyline is indicative of a team or an individual in the competition being an underdog. What is the difference between the money line and the Spread? When you decide to use Moneyline betting as a means to gamble or place a bet, the main concern is the team or individual that wins the game.
  • A moneyline is a number larger than 100, and it is either positive or negative. A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you were to bet $100.

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Example:

Colorado Rockies -160

Arizona Diamondbacks +140 Magic pearl lightning link.

In this case, the Colorado Rockies are the favorite, and bettors need to wager $160 to win $100 in profit, for a total payout of $260.

What Does Money Line Mean Negative

The Arizona Diamondbacks are the underdog, and a wager of $100 will produce a profit of $140, for a total payout of $240.

Always think of money line bets based on $100 figures. Negative (-) means how much is needed to wager in order to win $100, and positive (+) means how much can be won on a $100 wager.

Occasionally, two teams or competitors that are very evenly matched may produce two negative money lines.

Example:

New York Yankees -115

What Is The Moneyline Bet

Boston Red Sox -105

In this case, the Yankees are considered a very slight favorite. It would require a $115 bet on the Yankees to produce a $100 profit ($215 total return). The Red Sox would require a $105 bet to produce a $100 profit ($205 total return).

Money Line Vigorish

The term vigorish means ‘house take’, also called vig or juice. This is the money the sportsbook or bookie makes for taking the wager. Let’s use the Yankees/Red Sox example from above for this explanation.

If a sportsbook takes 1000, $100 bets on the Yankees and the Yankees win, the sportsbook would pay out $87 profit to each bettor (100/115 odds = .87%. $100 X .87% = $87). So a Yankees win would result in a total pay out of $87,000 in player profits.

What Does Money Line Mean In Sports Gambling

From 1000 Red Sox bettors who also placed $100 average bets, the sportsbook would collect $100,000. $100,000 collected minus $87,000 paid out = $13,000 profit.

What does money line mean in betting

Now, let’s turn this into a Red Sox win instead. 1000 bets of $100 on the Red Sox would pay out $95 profit per bettor (100/105 odds = .95%. $100 X .95% = $95). In this case the sportsbook would pay out a total of $95,000.

From the Yankees bettors, 1000 bets averaging $100 each would result in a $100,000 collection. $100,000 collected minus $95,000 paid out = $5000 profit for the sportsbook.

In each case, the sportsbook made money. Since a sportsbooks goal is to make money on every bet, they’re trying to create bets that will split the bettors down the middle. When that happens, they guarantee themselves a profit. If they come up with odds that cause a higher % of bettors to bet on one team, the book opens themselves up to potential losses.

Popular Sports for Money Line Bets

Sports like auto racing, horse racing, MMA and boxing do not use points. Without points a point spread can’t be created, so money line bets are the most popular way to bet on these types of sports. While tennis is scored with points, results are determined by sets won, not a point total. This means that tennis must also use money lines.

Money lines are also the most popular way to bet on low scoring sports like baseball, soccer and hockey. The reason is because with low scoring sports it’s difficult to predict a result. One run or one goal can easily be the difference between a win or loss, so betting on a point spread doesn’t make sense.

While straight bets using a point spread are most popular for high scoring sports like football and basketball, money line bets are available as well. Straight bets are used to even out the odds, offering 11/10 odds on any team you choose. With money line bets, there is no point spread and your goal is to simply pick the winning team. Since one team may be heavily favored against their opponent, the money lines offer a much wider range of odds.

What Does Money Line Mean In Football Betting

Example:

Philadelphia Eagles -170

What Does A Moneyline Of Mean 500

San Fransisco 49ers +150

In this game, a $170 bet is required to win $100 on the Eagles ($270 total return). A bet of $100 on the 49ers would result in a $150 profit ($250 total return).

As you can see, betting on the favorite requires a much larger bet for a smaller win. The underdog requires a smaller bet for a larger win. It makes perfect sense since the underdog is not expected to win.