It is always easiest to analyze the moneyline in any sporting event by using $100 as the hypothetical wager.
#Moneyline payout plus
Selecting the winning team via moneyline bet returns the initial wager plus the additional winnings based on the odds taken at the time of the bet. If your moneyline bet is placed on the losing team, you don’t get any of your wager returned and it is kept by the sportsbook for profit. A draw is also known as a “push”, a term that is much more commonly used when betting the spread of a matchup. This is a rare outcome in the sport, known as a draw, which means the sportsbook will return the wager placed by the bettor. The NFL often has games that extend late into overtime, with a few that occasionally result in a tie between teams. The outcome will always be to select the winner by placing a wager on one team or one player before the event begins. To get a better understanding of how a moneyline bet really operates, let’s discuss the basics of making a moneyline wager. If the underdog was +10.5 in an NFL game and you want to bet on them, you would “take” 10.5 points and add them to the underdog’s final score.150% Match On The First Deposit Up To $150ĥ0% Welcome Deposit Bonus Up To $500 + $10 Casino Chip Taking the points means to take the underdog on the point spread. If the juice is -110, it means you will have to bet $110 to make a $100 profit. The number after the point spread is the “juice” or “vig” that you will pay on a given wager. What is the number after the point spread? The result of a moneyline bet is dictated only by which team wins where a point spread bet result is determined by a handicap applied to each team in the matchup. Is there a difference between the moneyline and the point spread? We will cover other types of markets and betting strategies in depth in our Guides section, but for straight wagers, these are the two most common and popular wagers to place on any individual sporting event. Use your best judgement and assess your bets on a game-to-game basis.
If you have a big bankroll and can make moneyline bets on favorites that will produce decent returns, then that could be the right wager for you. If you only wanted to bet $50 on the Patriots moneyline, you would get back $66.67 in the event of a New England win, a $16.67 profit. It is essentially a multiplier or a guide. If you think that Cleveland is going to pull off a huge upset, then you are going to be rewarded with $280 back in return for a bet of $100.īear in mind that while both of these spreads are using $100 as a guide, you do not have to bet that much.
In this scenario, the Patriots are likely going to win the game, so the sportsbook makes you wager a lot of money to get a return – you would have to risk $300 to win back $100 in profit. The numbers next to each team represent the return in factors of $100. For a game with a heavy favorite like our example, here is what a Moneyline could look like: Let’s now take the same game, but look at the Moneyline.Ī Moneyline bet is one where you are solely picking the winner of the game, no matter what the final score ends up being. The point spread is also used in other sports like hockey and baseball but is commonly referred to as the “Puckline” and “Runline” in the NHL and MLB. All they must do for you to win your bet is “cover the spread,” which means they are within the number that is posted. What makes point spreads so much fun for gamblers is that the team you select does not actually have to win the game. On the other side, if you think that the Browns can keep the game close, then you would want to “take the points” and hope the Cleveland will either win outright or lose by 13 pts or less. This example means that if you want to bet on the Patriots, you have to “lay” the points. In order to win the bet, you have to believe the Patriots will win by 14 or more points. Expert linemakers have determined to the best of their abilities that this is the handicap that must be applied in order to even out the game. In this example, the Patriots have been set as a 13.5-point favorite in the game. This is where the point spread comes into play. The Patriots are perceived to be the much stronger team in this matchup so they must be handicapped in some way for bettors to want to take Cleveland. Let’s have a look at a typical point spread, using the NFL as an example.Īt a participating sportsbook, like FanDuel, the point spread for a game between the Browns and Patriots might look like this: The point spread is a wagering option where the favorite is handicapped by a specific number of points. This is the type of betting market that you most often hear about when people talk about football and basketball games.
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