Moneyline betting is a straightforward and popular form of sports wagering. Unlike point spreads, moneyline bets are all about who wins the game outright. Here’s a quick breakdown to get you started:
- Understanding Odds: Moneyline odds are presented in positive (+) or negative (-) numbers. A negative number indicates the favorite, while a positive number denotes the underdog.
- Favorites vs. Underdogs: Betting on a favorite means risking more to win less, whereas betting on an underdog offers a higher return for a smaller wager.
- Calculating Payouts: For favorites, you need to bet the amount shown to win $100. For instance, -150 means you must bet $150 to win $100. For underdogs, a +200 means a $100 bet wins you $200.
Moneyline betting simplifies the process, focusing purely on the game’s outcome rather than the margin of victory. This form of betting is ideal for beginners looking to dip their toes into the world of sports betting.