What Does Betting The Money Line Mean
- What Does Betting The Money Line Mean In Football
- What Does Betting The Money Line Mean
- Money Line Bets Explained
A betting line is a form of wagering whereby the bookmaker or sportsbook set gambling odds and determine the favorite and underdog teams in a match. This handicap creates a margin (line) between the two teams, where there are only two outcomes possible, and sets the parameters for wagering on the game. An Example of How Betting Lines Work. The runline is a popular form of betting in MLB, which is like a cross between point spread betting and money line betting. A runline bet involves a 1.5 run spread, accompanied by odds expressed in the same way as the money line. With the runline, the spread never changes from 1.5 so the line movement is represented by the change in the odds.
What is a Money Line or Straight Up Wager?
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.
Oddsmakers still determine a favorite and an underdog by the overall strength of the competitor, but the odds given are based on the amount of money that needs to be put up in order to place the bet.
Example:
The bettor will receive odds that resemble these:
Colts –140
Bears +120
What Does Betting The Money Line Mean In Football
The (-) symbolizes which team is the favorite and the (+) indicates which team is the underdog. So in the above example, the Colts are the favorite and the Bears are the underdog. All the bettor is wagering on is who he or she thinks will win the game.
If one were to bet on the Colts, he or she would have to risk $140 to win $100 (or $105 to win $75; $70 to win $50, etc). If one were to bet on the Bears, he or she would only have to risk $83.33 to win $100 (or $62.50 to win $75; $41.67 to win $50, etc).
What Does Betting The Money Line Mean
Money Line Bets Explained
So while the Colts are the favorite to win the game, one would have to risk more money if they wanted to bet on them.