What Does Money Line Mean In Sports Betting latest 2023

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Sports Betting – Betting Money Lines

Sports betting can be an extremely exciting and rewarding adventure if you apply it correctly and minimize your chances of losing your bets. While point spread bets deal with which team will win and the number of points or scores, money line bets deal exclusively with which team will win a specific match or event.

To explain money line betting in more detail, we can take an example. Here are the hypothetical baseball odds between the Chicago Cubs and LA Dodgers:

Chicago Cubs +120 Los Angeles Dodgers -130

Immediately we see that the Dodgers are the favorite team (denoted by the minus sign) as opposed to the Cubs, who are the underdog team (denoted by the plus sign).

Betting on the money line in this case, bettors betting on the Dodgers are risking $130 to win $100, while bettors placing bets on the Cubs are risking $100 to win $120.

Don’t be too intimidated by betting money-lines. Although they are normally expressed in increments of $100, you don’t have to bet that much money all the time. Money line bets can also be made with just $5, $10 or $20.

Line bets are normally used for several sports where the point spread is irrelevant. Boxing, auto racing, baseball, hockey, soccer and tennis all involve money line betting. Even though there are marginal wins to bet on in these sports, they are so close that it would be next to impossible to produce a point spread for every game.

Keep in mind that the difference between the money-line odds on the favored team and the underdog team will increase as the favored team’s chances of winning increase. So when the odds are in favor of a specific team, you may only risk $100 to win $550 for the favorite team, while you might need to risk $700 to win $100 for the favorite team. outsider.

These big betting differences happen because sports betting only really makes money when the losing team wins. Sportsbooks realize that most people will bet on the favorite team and must hope that enough people will bet on the underdog team to cover their potential losses on the favorite team.

Bets are generally used in almost all sporting events, even those with a point spread, such as football and basketball. Even though you can still place your bet with the point spread, betting essentially gives the bettor a different choice when deciding whether or not to make a bet.

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