One of the easiest and most popular way to bet on sports is with the Moneyline bet. This bet is very popular because it does not involve a point spread. For many people, it is the simplest way to bet. Let’s explain exactly what a moneyline bet is.
Moneyline Betting Explained
It is easy to explain a moneyline bet. It just means that you are betting on a team to win the
game. It does not involve a point spread. All that matters is that the team that you bet on is going to win the game. If they win, you win. It really is that simple. However, some of the moneylines that are attached to teams can be confusing to read. This is especially true if you are new to betting on sports. Understanding how to read a moneyline bet is important because it will affect the amount of money that will be won. So before placing a moneyline bet it is important you know how to read and understand a moneyline bet.
How to Read a Moneyline
The moneyline wager is in straight numbers without any pointspreads involved. Teams that are favored to win a game will have a minus (-) in front of the number and underdogs will have a plus (+) in front of their number. Underdogs are often referred to as “plus money” because a winning wager will return a positive return. To better explain how to read a moneyline, lets look at an example.
Example of a Moneyline Wager
Chicago Bears -170
Green Bay Packers +145
In this example, Chicago is favored with a price at -170 (you will bet $170 to win $100), and Green Bay is the underdog with a price of +165 (you will bet $100 to win $145). Remember this does not include a point spread. When making this type of wager you will be betting on either Green Bay or Chicago to just win the game.
If you want to win a base amount (in this case $100) you will have to bet more when you bet on a favorite. But on the other side of the wager, if you are brave enough to bet on the underdog, you will be rewarded. In this example, you would risk $100 in order to win $145 (+145) on the Packers.