Sports Betting - Betting Money Lines
Sports betting can be an extremely thrilling and rewarding adventure if you apply it correctly and minimize your chances of losing your bets. While betting the point spread deals with which team will win and by how many points or scores, betting money lines is exclusively concerned with which team will win a specific game or event.
To further explain betting money lines, we can take a loot at an example. Here are the hypothetical baseball odds between the Chicago Cubs and the LA Dodgers:
Chicago Cubs +120 LA Dodgers -130
Immediately, we see that the Dodgers are the favored team (noted by the minus sign) as opposed to the Cubs, who are the underdog team (noted by the plus sign).
When betting the money line in this instance, bettors who bet on the Dodgers are risking $130 to win $100, whereas bettors placing wagers on the Cubs are risking $100 in order to win $120.
Don't get too intimidated by betting money-lines. Even though they are normally expressed in increments of $100, you are not required to bet that much money all the time. Betting money lines can also be done with just $5, $10, or $20.
Betting the line are normally used for several sports in which the point spread is irrelevant. Boxing, auto racing, baseball, hockey, soccer, and tennis all involve betting money lines. Even though there are marginal victories to bet on in these sports, they are so close that it would be virtually impossible to produce a point spread for each and every game.
Keep in mind that the difference between the odds of the money-line on the favorite team and the underdog team will increase as the chance of the favored team winning increases. So, when the odds are in a specific team's favor, you may be risking only $100 to win $550 for the favored team, while you may need to risk $700 to win $100 for the underdog team.
These large differences in betting occur because sportsbooks really only make money when the underdog team wins. The sportsbooks realize that most people will bet on the favored team and need to hope that enough people will bet on the underdog team in order to cover their potential losses on the favored team.
Betting is generally used in almost all sporting events, even those that have a point spread implemented, like football and basketball. Even though you can still place your wager with the point spread, betting basically offers the bettor a different choice when deciding whether or not to make a wager.
Sports betting can be an extremely thrilling and rewarding adventure if you apply it correctly and minimize your chances of losing your bets. While betting the point spread deals with which team will win and by how many points or scores, betting money lines is exclusively concerned with which team will win a specific game or event.
To further explain betting money lines, we can take a loot at an example. Here are the hypothetical baseball odds between the Chicago Cubs and the LA Dodgers:
Chicago Cubs +120 LA Dodgers -130
Immediately, we see that the Dodgers are the favored team (noted by the minus sign) as opposed to the Cubs, who are the underdog team (noted by the plus sign).
When betting the money line in this instance, bettors who bet on the Dodgers are risking $130 to win $100, whereas bettors placing wagers on the Cubs are risking $100 in order to win $120.
Don't get too intimidated by betting money-lines. Even though they are normally expressed in increments of $100, you are not required to bet that much money all the time. Betting money lines can also be done with just $5, $10, or $20.
Betting the line are normally used for several sports in which the point spread is irrelevant. Boxing, auto racing, baseball, hockey, soccer, and tennis all involve betting money lines. Even though there are marginal victories to bet on in these sports, they are so close that it would be virtually impossible to produce a point spread for each and every game.
Keep in mind that the difference between the odds of the money-line on the favorite team and the underdog team will increase as the chance of the favored team winning increases. So, when the odds are in a specific team's favor, you may be risking only $100 to win $550 for the favored team, while you may need to risk $700 to win $100 for the underdog team.
These large differences in betting occur because sportsbooks really only make money when the underdog team wins. The sportsbooks realize that most people will bet on the favored team and need to hope that enough people will bet on the underdog team in order to cover their potential losses on the favored team.
Betting is generally used in almost all sporting events, even those that have a point spread implemented, like football and basketball. Even though you can still place your wager with the point spread, betting basically offers the bettor a different choice when deciding whether or not to make a wager.
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