However, it will cost you a pretty penny for a small return on your investment. Clearly there’s a good chance that New England will win the game at home. Upsets are going to happen and one loss could cripple your bankroll.įor example, say the Patriots are hosting the Raiders.
It gets even harder when you get to the bigger favorites. That’s because the books make you pay such a premium, it forces you to hit at a ridiculously high percentage to show a profit. Why It’s Difficult to Profit in Football & Basketballīoth football and basketball are sports that typically don’t see a ton of wagers on the money line. This means you would get 4.6x (460/100) for every $1 wagered. You just take 2.4 x $50 to get $120.įor underdogs you are focusing on the return based off your wager. So if you wanted to know how much you would need to risk to win $50.
That means you have to risk 2.4x as much as what you would win. To figure out the exact amount of risk/return, just divide the moneyline by 100. The key thing to keep in mind is that the payouts are constant regardless of how much you bet. If a team was at +140, that means you only have to risk $1 to win $1.40 or $100 to win $140. You now would have to risk $315 to win $100. That’s really the basic principle you need to remember. Which is the same thing as risking $140 to win $100. That means you have to risk $1.40 for every $1 of profit. Let’s say a team is listed at -140 on the moneyline. The bigger the favorite the more you will have to risk to earn back your initial wager. When you see “-” that means you are going to have to risk more than you win, while with “+” odds you risk less than what you will win.
It’s not something where you can bet $100 on the favorite and win $100 back. Second, you need to understand that the payouts are going to vary quite a bit. Oddsmakers will list who they feel is the favorite in a game/match with “-” odds and the underdog at “+” odds. Understanding How Money Line Odds Workįirst things first, you need to get familiar with how the betting lines are presented.
#Moneyline meaning full
To understand why it’s difficult to profit long-term betting just the winner, we need to get a full appreciation on how the odds work. You just have to come up with a good idea of what percentage chance a team has of winning and converting that to a money line number. It is a lot easier to predict a team to just win the game, than worry about how much they win or lose by. The total is an over/under proposition, where you pick if the two teams (combined) will exceed the number or not.Īt first you might be thinking moneylines are the way to go. With the point spread, the books set a line on the game and you have to decide if a team will beat that number. The other two being the point spread and total. It’s one of the three basic ways to bet on sports. You are simply placing a wager on which team/player will win a specific game or match. New to sports betting or need a quick refresher on money lines and how they work? It’s the most basic bet you can make.
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