Of course, there is more nuance to the moneyline betting format. In general, I think this means taking higher upside picks, such as underdogs rather than taking large favorites. A moneyline bet is no more complicated than predicting the outright winner of a game or contest. There is no magic formula for moneyline betting, you’ll simply need to pick your spots wisely and balance your risk versus your potential reward. They will safely bet the point spread because they feel the game will be close, but will also put themselves in line for a nice payday if the underdog wins straight-up. One advantage of betting on the moneyline is that the sportsbook’s profit is baked into the line itself. In each contest, one of these numbers will be positive, and the other one will be negative. In cases when there is a point spread and moneyline offered on an event, such as an NFL football game, many bettors will place a wager on the moneyline and point spread of an underdog they feel has a chance to pull the upset. Moneyline bets are denoted on a sportsbook’s display by three-digit numbers that are next to each team’s name. If you can spot upsets even decently well, moneyline wagers on underdogs can be profitable bets. +500) that means you will win that amount on a 100 bet. For a +300 wager, you only need to win 25% of the time to break even. Money line odds list the underdog as a positive number (i.e. Upsets happen more often than some of us think and moneyline betting is a great way to take advantage.įor example, for a moneyline wager of +250, you only need to win about 28% of the time to break even. On the other hand, underdog moneylines can be lucrative wagering opportunities. We try to stay away from large favorite moneylines, because the amount you must risk is very high and the payoff is low. You are risking a lot to win very little and even though a large favorite will win most of the time, when they do lose, you will find yourself out a lot of money. When your odds jump even higher to -400, you’ll need to win your bet 80% of the time to show a profit. On a moneyline bet of -300, you’ll need to win your bet 75% of the time just to break even.

Moneyline betting can be tough to tackle for some bettors, but it is truly a balance of risk vs reward.įor instance, a large favorite of -300 or more is most likely to win going to win their matchup, but that large price means you’ll be risking a lot for a small payout. If you placed the same $100 on the Bills and they caused a surprise upset, your return would be $285. To win $100 by backing the Patriots, you must risk $330. The Patriots are massive favorites in this AFC East matchup. Buffalo Bills +285 vs New England Patriots -330

Betting moneyline