Moneyline Betting Odds Explained

One of the most common types of sports betting lines when wagering on a game is the moneyline. You will see moneyline odds for every game and every sport played. A moneyline is a type of straight wager where the bettor wagers simply on who will win the game/match/etc.

Quick Explanation - The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. It does not matter how many points or goals they win by, all that matters is who wins. If you see a - (negative) symbol then that team is the favorite and the team with the + (plus) sign is the underdog. Keep reading below to understand how moneyline odds work or visit the homepage of to read about odds in general.

How To Bet The Moneyline On Super Bowl 53

Super Bowl BettingOnline sportsbooks offer many different moneyline odds for Super Bowl 53 but all of them are favoring the Patriots over the Rams. Some sites list the Patriots as high as -150 while others list them around -135. It is important to shop lines with legal online sportsbooks as payouts can be vastly different depending on the line you choose. Would you rather wager on the Rams +115 or on the Rams at +130? While 15 unit points may not seem like much of a difference, shopping lines can make an 11.5% increased payout in this case. Be sure to check all of the Super Bowl 53 moneyline odds and betting lines for the game before February 3rd, when Super Bowl LIII kicks off in Atlanta at 6:30 EST.

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Understanding How Moneyline Betting Odds Work

Well, to understand the moneyline, you must also understand betting against the point spread. Most everyone familiar with betting has heard of betting against the spread at some point. The moneyline and the point spread are along the same line, though there is one very big difference.

Betting the moneyline would simply be picking the team in a matchup that you believe will win the game straight up. If that team wins the game, no matter the margin, then you win the bet. If that team loses, no matter the margin, then you lose the bet.

Seems pretty easy right?

Well, it's definitely easier than betting the point spread, in which a team has to cover a spread installed for a match up however you should know that moneyline wagers do not payout the same as a wager against the spread. Keep reading to learn more about payouts when betting on the moneyline.

Understanding Payouts When Betting On The Moneyline

The biggest differences on the moneyline though, aside from no point spread, is the payout. The idea behind a point spread is to bring the two teams in a match up to a more even playing field. If a team is better than the other, the points given by the favorite brings the underdog to a more even field. That is not the case on the moneyline.

Simply put, you will have to risk a whole lot more money on a favorite to profit. On the flip side though, if you bet on the underdog, the potential profit is a lot bigger on the moneyline than betting on the point spread. That is because the likelihood of the underdog winning is slim on the moneyline.

Explanation Of How Moneylines Work In MLB

This is an example of a moneyline you could see in Major League Baseball. The raves are matching up with the Phillies, with Atlanta set as the favorite. You can tell Atlanta is the favorite because of the minus symbol. It is indicative of the amount that must be risked to return a profit. At -300, a $1 profit is made for every $3 risked on the Braves to win the game. On the other side, at +200, that is the same as saying 2/1. That means, for every $1 risked on Philadelphia to win the game, a $2 profit is returned. Moneylines are simply straight up betting lines with no spread involved, which is why they can range quite significantly.

Article: How To Read MLB Betting Odds

Understanding The Moneyline In Football

Here in this example, the Broncos have been set in the role of the favorite, going off at -300 on the betting line. That means, for every $3 risked on Denver to win, a $1 profit is returned. So if you wager $30 on Denver to win, you stand to win $10. On the flip side, the Jaguars are set as a +300 underdog. That means for every $1 risked on Jacksonville, a $3 profit is returned. So if you were to wager $10 on Jacksonville to win, you would profit $30. So you can certainly see the disparity on the payout and why someone might want to take the Jaguars over the Broncos. Also, taking underdog moneylines in parlay bets can be huge for your payouts!

Article: How To Read College Football Betting Odds - How To Read NFL Betting Odds

Understanding The Moneyline Odds In The NBA

Here in this moneyline example for the NBA, the Lakers are matching up with the Heat. Miami has been set in the role of the betting favorite, going off at -200 on the betting line. As such, a $2 wager is needed to profit $1. So if you were to wager $200 on Miami, as $100 profit is returned if the bet is won. On the other side of the equation, the Lakers are in the underdog role. at +200, that is the same as 2/1. So, for every $1 risked on L.A to win, a $2 profit is returned. You can see a wide range of profits for a moneyline, because the underdog and favorite can be far apart straight up with no point spread.

Article: How To Read NBA Betting Odds

Bovada Sportsbook - Best Sports Betting Site For Betting On The Moneyline

Bovada SportsbookBovada is without a doubt the best place to wager on the NFL and especially when it comes to moneylines. They take a little bit longer than other sportsbooks to roll out but they are usually right on the money and offer better payouts than their competitors. Plus, Bovada has a new 50% match bonus good for up to $250 in freeplay when making your first deposit.

Bovada welcomes players from the U.S. excluding residents of New York, New Jersey, Delaware, Nevada and Maryland and has a plethora of deposit methods that have high acceptance rates when used to fund accounts. One of the hottest methods available for players right now is Bitcoin. Be sure to check it out!

BetOnline Sportsbook - Best Sportsbook Bonuses And Promotions

BetOnline SportsbookBecause of the high turnaround of NBA games during the regular season, savvy bettors simply can't wait for the moneylines to be issued and for that reason we recommend BetOnline because they are always the fastest to get NBA lines available. Plus, it doesn't hurt that they give every bettor that signs up for an account and makes a deposit a 25% to $1,000 bonus for life. That's right, bonuses on every deposit... not just the first like most other books. If a book offers a reload bonus, it is seldomly ever as good as the first bonus but BetOnline is the exception.

SportsBetting's Sportsbook - Lots Of Betting Odds When Betting On Moneylines

SportsBetting leads the list of sites that are best for wagering on MLB moneylines and that is really saying something because the moneyline is by far the most common wager made on MLB baseball games. Traditionally, bettors don't look for the spread when wagering on baseball games, they look to bet straight up and that's why it's important to have a site that stays on top the latest news in order to get their daily MLB moneylines formulated quicker. exceeds expectations in this area and it's why we are proud to endorse them for MLB wager lines.

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