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While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game. The difference between moneyline odds increases as the likelihood of the favorite winning increases. For example, in a boxing match, it would not be unusual to see odds such as these:. In point-spread betting, the bookie hopes to have an equal amount of money wagered on each team, which guarantees a profit. In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite.
Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard's chances of winning are much greater. Moneyline betting is generally offered on all sporting events, even those that also use the point spread, such as football and basketball. In these instances, you'll have to do some quick math to see which form of oddsmaking promises a greater payout, if any. When betting an underdog on the money line, you will notice that they have a positive price attached to them.
The money line odds will always be different aside from the plus or minus — those are the only constant. The favorites will always have a negative value, which is how the sportsbooks make their money. You can bet the money line option in every single sport that is offered up. Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.
Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would.
Money Line Calculator. Now days, most online betting sites have the money line calculator built right into the betting window. If you find yourself in a Las Vegas sportsbook and have to quickly do the math, here is how to do it. Our weekly newsletter is loaded with exclusive free picks,insight and advice from our expert handicappers.
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