What is Money Line and How Do You Read It?
In sports betting, the money line is the odds express in terms of money. It is one of the three common ways to bet on sports, alongside point spreads and totals. Money lines are usually plus or minus symbols followed by odds (e.g. +120 or -130). Money lines represent how much you need to risk in order to win a certain amount of money. So, if you see a money line of +120, that means you would need to bet $100 to win $120.
Reading a money line is pretty simple. If there is a minus sign (-) in front of the odds, that means the team is favored to win. So, if you see a money line of -120, that means the team is favored to win by 2 points. If there is a plus sign (+) in front of the odds, that means the team is an underdog. So, if you see a money line of +120, that means the team is an underdog by 2 points.
The amount of the money line bet also corresponds to the amount of profit you would make if you won your bet. So, if you bet $100 on a -120 money line, and the team won, you would profit $83.33 (($100 * -120) / 100). Similarly, if you bet $100 on a +120 money line and the team won, you would profit $166.67 (($100 * 120) / 100).
Keep in mind that favorites typically have lower money line odds than underdogs because they are more likely to win. That means that you need to risk more money to bet on a favorite, but the potential payout is also higher. On the other hand, underdogs typically have higher money line odds than favorites because they are less likely to win. That means that you need to risk less money to bet on an underdog, but the potential payout is also lower.
Why is it called the money line?
In the early days of baseball betting, odds were set based on how much money it would take to bet on one team to win. The favorite would be the team that required the most money to bet on them, and the underdog would be the team that required the least. This is where the term “money line” comes from.
These days, the money line is set based on a number of factors, including the relative strength of the two teams, the starting pitchers, weather conditions, and more. But at its core, the money line is still about betting on which team is more likely to win.
So why is it called the money line? Because it’s all about the money.
Does money Line mean who wins?
In sports betting, the moneyline is the odds express in terms of money. It tells you how much you need to risk in order to win $100. Moneyline odds are often referred to as American Odds because of how popular they are in the United States.
When there is a minus sign (-) in front of the moneyline, it indicates the favorite. The favorite is the team that is most likely to win. The betting line gives you an idea of how much you need to risk in order to win $100. So, if you see -200, it means you need to risk $200 to win $100.
If there is a plus sign (+) in front of the moneyline, it indicates the underdog. The underdog is the team that is less likely to win. The betting line gives you an idea of how much you could win if you risk $100. So, if you see +200, it means you could win $200 if you risk $100.
