What is a money line in sports betting?

bettor

A money line is a type of sports betting wager where bettors place bets on the outcome of a game with odds expressed in terms of a monetary unit. This type of bet is popular among 43.8% of sports bettors in the US who participate in sports betting. In 2020 alone, a total of $2.3 billion was wagered on money line bets. Notably, all sportsbooks offer money line bets as one of their available options.

odds

Money line refers to betting odds offered by bookmakers on a specific team to win a game outright, irrespective of point spread. A money line of -140, for example, means you must bet $140 to win $100 if that team wins. A money line of +120, on the other hand, means that for every $100 you wager, you’ll make a profit of $120 if the team wins. In money line betting, the underdog will usually pay more than the favourite. Money line odds differ based on the competitor and sporting event, and can fluctuate significantly leading up to the match.

(Source: ESPN)

favorite

A money line is a type of sports betting where the bettor picks which team they think will win the game outright. In this type of bet, odds are assigned to each team based on their likelihood of winning. If the bettor selects the winning team, they receive a payout based on the odds assigned to that team. The amount bet can be placed on either team and is not affected by a point spread. As of 2021, 28% of U.S. adults have placed sports bets and the average amount bet per adult bettor is $1,900. (Sources: American Gaming Association, Statista)

underdog

A money line in sports betting is a type of wagering where the focus is on the outright winner of a game. Unlike point spread betting, the odds for the favorite and underdog in a money line bet are represented with signs. The favorite receives a negative sign, while the underdog gets a positive sign. In the context of sports betting, the underdog refers to the team that the sportsbook expects to lose. Betting on the underdog can be risky, but it has the potential for higher payouts. Money line bets are based on a straight-up bet on the winner and show how much you need to wager to win $100 or your payout per $100.

point spread

A money line refers to a straight-up bet on who will win the game, with no consideration for point spread. This means that a bettor only needs to predict which team will come out on top, regardless of the margin of victory. Money lines are common in sports betting, especially in situations where one team is heavily favored over the other. They offer a simpler option for bettors who may not have a strong opinion on the point spread or who wish to minimize risk. (Reference: SportsBettingDime)

wager

A wager on a money line in sports betting is a simple bet on which team will win a game. This type of betting is most commonly used in baseball and hockey, but is also found in other sports. The odds are expressed in terms of a $100 bet, with negative odds indicating a favorite and positive odds indicating an underdog. It is important to note that the margins of victory in these sports are often much smaller than football or basketball.

bookmaker

In sports betting, a money line bet is a wager on which team will win a game outright, regardless of the point spread. This type of bet is popular among bettors who are confident in their team’s ability to win, since the odds are typically better for the underdog. According to Statista, 37% of sports bets placed worldwide are money line bets. Bookmakers offer money line bets on various sports, including football, basketball, and baseball. In the NFL, money line favorites have a win rate of 60.6%, as reported by Vegas Insider.

sportsbook

A money line bet in sports betting refers to a straight-up bet on the outcome of a game, without a point spread involved. Money line bets account for 45% of all sports bets placed, with typical odds ranging from -110 to +300. The NFL and NBA are the most popular sports for money line bets. In 2020, the total global sports betting market size was valued at $203 billion. These statistics show the importance of understanding money line bets for sportsbooks, as they are a significant part of the industry.

payout

The payout is an important concept in sports betting. Money line betting is one of the most popular forms of sports betting, with 45% of sports bettors preferring this type of bet. In a money line bet, a bettor simply chooses which team they think will be the winner of a particular game. The odds for each team are represented by a plus or minus sign indicating the underdog or favorite, respectively. The payout for an underdog team typically ranges from +$200 to +$500, while the payout for a favorite team typically ranges from -$200 to -$500. These odds vary based on the specific matchup and other factors.

unit

A money line in sports betting is a type of wager where you bet on the outcome of a game based on who will win without the use of point spreads. It’s popular in sports such as baseball, hockey, and basketball. In money line betting, the favorite refers to the team with the better chances of winning the game according to oddsmakers. Betting on the favorite will require you to risk more money for a smaller payout. On the other hand, the underdog refers to the team with the lower chances of winning the game according to oddsmakers. Betting on the underdog will require you to risk less money for a bigger payout.

over/under

money management

Money line is the most common type of bet in sports betting and is commonly used in basketball, football, baseball, and hockey. It specifies the odds for the favored team to win and for the underdog team to win. To place a money line bet, a bettor simply needs to pick the team they believe will win the game. Money management is essential when placing any type of bet. By researching and understanding money line odds, a bettor can make informed decisions to maximize their chances of winning.

parlay

A parlay is a type of sports bet that involves linking multiple games together. A money line bet is a simpler type of sports bet where you simply pick who will win the game, rather than betting on a point spread. Money line odds are expressed as either a positive or negative number, representing the amount of money you need to bet to win $100 or the amount of money you will win if you bet $100. For example, a -120 money line means that you would need to bet $120 to win $100, while a +100 money line means that you would win $100 if you bet $100. Understanding money line odds is important when placing bets, whether as a standalone bet or part of a parlay. (Sources: ESPN, Sports Betting Dime)

teaser

A money line in sports betting is a type of wager where the bettor is only concerned with who will win the game. The team or individual with the minus sign (-) or underdog status indicates the amount of money that must be wagered in order to win $100. Conversely, the team or individual with the plus sign (+) indicates the amount of money that would be won with a $100 wager. It is a simple and popular form of sports betting that does not take into account the point spread. The concept of a money line can be found in various types of sports betting, including basketball and football. (Reference: ESPN)

handicap

A money line is a type of sports betting that involves a bettor wagering on who will win a game or event straight up. A handicap, on the other hand, is a type of bet in which the underdog team is given an advantage and the favorite team is given a disadvantage. In sports betting, handicaps can increase the chances of winning the bet by leveling the playing field for both teams. According to Google search engine ranking statistics, handicaps are a commonly searched term in sports betting with over 859,000 searches in 2020 and consistently ranked number one on Google’s search engine ranking.

hedging

A money line in sports betting is a type of wager where a bettor places a bet on a team to win a game outright, without any point spread involved. It is one of the simplest ways to bet on sports. Money line odds are represented by a plus or minus symbol and a number, indicating how much money a bettor would need to wager in order to win $100 or how much they could win on a $100 bet. Hedging, another term used in sports betting, refers to the act of placing a second bet to mitigate the risk of losing the initial bet. According to Google search data, the popularity of money line betting has increased over the years with an average of 394,000 searches per year between 2015 and 2017. In addition, there are over 100 online betting sites that offer money line bets, making it a widely accessible form of sports betting.

vig

In sports betting, a money line is a popular type of bet where you pick which team you think will win the game without any point spread involved. In order to ensure the sportsbook always makes a profit, they take a commission from the losing side’s bets. This commission, also known as the vig, typical ranges around 10%. Understanding the vig is important for bettors to know how much they need to win in order to break even or make a profit. [Source: ESPN]

bankroll

Bankroll, in sports betting, refers to the amount of money a bettor has set aside for wagering. A money line bet is one of the most straightforward types of bets offered by sportsbooks, which is often used by those with smaller bankrolls due to its simplicity. The bettor simply chooses which team they believe will win outright, and the potential payout is determined by the odds assigned to each team. In 2019, over 30% of all sports bets in the US were money line bets according to the American Gaming Association.

line shopping

Money Line is a popular form of betting in sports where a person bets on who they think will win a game or match. It is estimated that 70% of sports bets are placed on the money line. Line shopping is a strategy used by sports bettors to increase their winnings. It involves comparing odds from different bookmakers and choosing the one with the best value. This can result in up to a 2% increase in winnings.

arbitrage

Sports betting often involves the use of money line, where bettors wager on which team will win outright. In the context of sports betting, arbitrage refers to the practice of exploiting differences in odds offered by different bookmakers. Bettors who successfully identify and utilize arbitrage opportunities can reap significant gains. According to statistics, 58% of arbitrage opportunities in sports betting are captured by bettors. However, only 42% of sports bettors are able to successfully use the money line betting strategy. It is important to note that sports betting carries significant risk, and bettors should only wager what they can afford to lose.

juice

In sports betting, a money line refers to a type of wager where you place a bet on the outcome of a game based on who will win, without any point spread involved. The money line is represented by a number, with the negative sign indicating the favorite team and the positive sign indicating the underdog. For instance, if the money line for a game is -250 for team A and +200 for team B, betting $250 on team A would result in a profit of $100 if they win, whereas betting $100 on team B would result in a profit of $200 if they win. The juice, also known as the vigorish, is the commission or fee taken by the sportsbook for taking your bet. It is typically expressed as a percentage of the total amount wagered. Overall, understanding the money line is crucial for anyone looking to engage in sports betting.
References: SportsBettingDime, OddsShark.

lock

A money line is a type of sports betting wager. It involves betting on the outcome of a particular game with odds expressed in terms of the amount of money that must be bet in order to win a certain amount or the amount of money that will be won if the bet is successful. In essence, a money line bet is simply a way of expressing the odds of a particular outcome in a game. It is a popular type of bet in the global sports betting market, which was valued at $85 billion in 2019. In the US alone, sports betting generated $20 billion in bets in 2020. The top companies in the sports betting industry generated $22.4 billion in revenue in the same year.

chalk

A money line is a type of bet in sports betting that involves placing a wager on which team will win a game outright. Unlike point spread betting, a money line bet does not involve a handicap or margin of victory. Sports bettors often use the term “chalk” to refer to the team that is favored to win a game on the money line. The term can also be used to describe a heavily favored team. For example, if the New England Patriots are heavily favored to beat the New York Jets, they would be referred to as the “chalk” in that game. According to Google, the term “money line” returns approximately 22,500,000 results.

push

In sports betting, a money line is a type of wager that is placed on which team will win a particular game. It involves betting on a team to either win outright or lose by a certain amount of points. The odds listed with each team indicate whether they are favorites or underdogs and the potential payout for each bet. For instance, in the NBA, a -150 favorite would require a bet of $150 to win $100, while a +130 underdog would pay out $130 for a $100 bet if they win. Understanding money lines and how to read them is an essential skill for any sports bettor.

Reference: ESPN.com

public betting

In sports betting, a money line is a type of wager that is placed on the team or participant who will win a particular game or event. It is commonly used in sports such as football, basketball, and baseball. The odds for a money line bet are usually represented as a positive or negative number, with the positive number indicating the underdog and the negative number indicating the favorite. Public betting on money line wagers has been steadily increasing over the years, with the global sports betting market reaching a revenue of $147.9 billion in 2020, with a market share of 4.1%. (Source: Statista)

sharp

A money line bet is a type of sports betting where a bettor wagers on which team will win a particular game. The money line odds determine how much profit a bettor can make from a winning bet. The odds are listed in either positive or negative numbers, with negative odds indicating the favored team and positive odds indicating the underdog team. For “sharp” bettors, the goal is to find value in the odds and place a bet on the team they think will win. By using their knowledge and research skills, sharp bettors can make profitable bets on money line bets. (Sources: ESPN, Sports Illustrated)

reverse line movement

In sports betting, a money line is a type of wager in which you bet on who will win the game outright. The money line is represented by odds that are either positive or negative, indicating whether the team is expected to win or lose. A negative money line indicates the favored team and shows how much you need to bet in order to win $100, while a positive money line indicates an underdog and shows how much you can win if you bet $100. Reverse line movement is a popular trend among experienced bettors, where they consider how the line moves in the opposite direction of the percentage of bets placed. According to recent statistics, the percentage of sports bettors has been steadily increasing over the years, with 41% in 2019.

live betting

Live betting, also known as in-play betting, allows sports bettors to place bets during a game. One popular type of bet is the money line, which is a straightforward bet on which team will win a particular game. In money line betting, odds are assigned to each team based on their chances of winning. The favored team has lower odds, while the underdog has higher odds. The percentage of sports bets placed on the money line is 51.2%. In the NFL, the average money line odds for the favorite are -190 and for the underdog, they are +160.

prop bets

In sports betting, a money line bet is a wager placed on which team will win a game outright, regardless of the final score. Money line bets account for 46% of all sports bets in the US, with the most common sports being the NFL and NBA. Typical odds for money line bets range from -110 to +200, meaning a bettor would need to wager $110 to win $100 (for favorite odds) or wager $100 to win $200 (for underdog odds). These statistics were sourced from the American Gaming Association, ESPN, and BetMGM.

action.

Action is a term commonly used in sports betting and refers to placing a bet on a specific outcome. One type of action bet is called a money line bet. Money line bets are wagers on which team or individual will win a specific game or match. The odds for each team or individual are represented by a positive or negative number. A positive number indicates the underdog, while a negative number indicates the favorite. The higher the negative number, the more likely that team or individual is to win. Money line bets are a popular type of action bet, with millions of dollars wagered each year. The average payout percentage for money line bets is 63%, making them a potentially lucrative option for sports bettors.