Moneyline Meaning: What is a Moneyline Bet?
Looking to keep your sports betting simple? Consider making a moneyline wager at TS Sports. When you take the moneyline, you are betting strictly on the winning team instead of how much a team wins or loses by. The amount you win is based on the odds determined by TS Sports.
Moneyline bets are the easiest way to wager on your favorite teams and players. There are no point spreads, no complicated conditions or parlays — just bet on the winner and cheer them on.
Understanding Moneylines: The +/- Basics
In almost every game or match, TS Sports will determine one competitor to be the favorite and the other competitor the underdog. The team most likely to win will have the lowest moneyline odds. For example, if the favorite has -500 odds to win outright, that means you must bet $500 to win $100.
The underdog team or player will have a plus sign and higher moneyline odds that you can wager on. For example, if you have a good feeling about the underdog at +500 odds to upset the favorite, you would win $500 on a $100 bet. While moneyline bets are simple, there are still opportunities to win big at TS Sports, depending on the odds!
- The Minus Sign (-): Represents the favorite. Betting on a team or player with minus odds means a win is more likely, but for a smaller payout.
- The Plus Sign (+): Represents the underdog. Betting on a team or player with plus odds means a win is less likely, but for a potentially larger payout.
What Does a +100 Moneyline Mean?
Right in the middle of the favorite and the underdog is a moneyline bet set at +100 odds. This is the baseline for betting value, also known as "Even Money." If you bet $5 on an Even Money team or player, you'll win $5. If you bet $100, you'll win $100. If you don't have a strong feeling about either team, consider an Even Money wager.
Moneyline Bets vs. Point Spread Bets
Moneyline bets and point spread bets are similar wagers you can make on games, but with one main difference. With a moneyline bet, you just need your selected team or player to win in order to receive a payout. With point spread bets, your team or player needs to win by a certain amount, also known as "covering the spread."
If you have a good feeling about the underdog at plus odds, you might take the moneyline bet for a higher payout. If you lean strongly toward the favorite, consider a point spread wager for some extra cushion.
How to Calculate Your Potential Payout
Here's the math behind moneyline bets. If you bet $100 on a favorite with -230 odds to win, you could make $44. Divide your wager ($100) by the odds (230), then multiply that number by 100 to get your answer. If you bet $100 on an underdog at +185 odds to win, you would earn $185. Simply divide the odds (185) by 100, then multiply by your wager ($100) to find this out.
Moneyline Odds Converter
| Wager Amount | Moneyline Odds | Winning Payouts |
| $100 | -110 | $91 |
| $50 | -200 | $25 |
| $250 | +150 | $375 |
When Do Moneyline Bets Make Sense?
There are some situations and events where moneyline bets should be prioritized. Moneyline wagers on underdogs provide a higher reward than traditional point spread bets. They're also popular in low-scoring sports like baseball or hockey, where the winning margin is likely to be less than in football or basketball. Plus, if you want to wager on multiple teams to win outright, you can parlay those moneyline bets for an even larger payout – albeit at a higher risk.
How to Read a Football, NBA or MLB Betting Line
While the meaning of moneyline bets is the same in each sport, the values can change slightly. In the NFL and NBA, moneyline wagers are less popular than point spreads. For MLB and NHL games, the moneyline is the primary way guests bet. That doesn't mean you can't bet the moneyline in basketball or football games; it's just something to keep in mind as you venture into these kinds of wagers.
FAQs
What happens to a moneyline bet in a draw/tie?
In sports where a tie is possible, a draw usually results in a push and the wagered amount is returned to you. Rules vary by sport and wager type.
At TS Sports we have a specific 3-way moneyline wager that includes betting on the tie. This specific bet is most popular in soccer.
Does moneyline include overtime?
Yes, moneyline does include overtime, unless there is a 3-way market. If you select a team (when there is a 3-way) and it goes into extra time, the winning selection to that money line wager would’ve been “tie."
Experience the Action at TS Sports
Now that you know the basics of moneyline bets, including the best games to wager on an outright winner, you can bet with confidence. Visit TS Sports at Turning Stone Resort Casino for an exciting atmosphere, friendly staff and a great viewing experience at NY Rec & Social Club.
Remember betting is entertainment. Bet responsibly and never risk more than you can afford to lose.
