Catering to all experience levels our aim is simply to empower bettors to become more knowledgeable. You need to determine if it’s another way to refer to the 1X2 market (a three-way Money Line) or the traditional Money Line that doesn’t include the draw. If you’re betting on the 1X2 and think it’s a normal Money Line bet, you will be in for a surprise when your stake isn’t refunded if the result is a draw. The key difference between the two market types is the availability of the draw option. The Money Line traditionally only offers two options, Team/Player A to win and Team/Player B to win.
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A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). Here is an example of a standard parlay payout table for up to five teams using -110 odds for each bet (bet $110 to win $100).
A favorite at -140 moneyline odds means a $140 How To Use A Web Scraper To Extract Sports Stats And Data winning wager wins you $100 in profit. An underdog at +140 moneyline odds means a $100 winner nets you $140 in profit. Data from more than 1,700 bets was used to generate each sportsbook’s comparative odds ranking.
How To Calculate Money Line Payouts
Too much money on one side of a moneyline can expose a sportsbook to heavy liability and force them to adjust their line to prevent more one-sided action. When betting an underdog on the money line, you will notice that they have a positive price attached to them. For example, if the underdog you like was +195, a $100 bet would profit you $195 dollars for every hundred put down. Unfortunately, the profit from winning a money line bet could be drastically different depending on if you bet on the favorite or underdog. All sports odds, betting strategies and related reference content is for entertainment purposes only. SportsBetting3.com does not make, take or place bets on behalf of its customers.
If you bet on a team with a +200 moneyline and the team wins, you win $2 for every $1 you bet. So, if you bet $10 on the Tigers to beat the Yankees at +200 odds, you will win $20 for a total payout of $30 (the $10 you bet + the $20 you won). You think an underdog will keep a game close but might not pull out a win. There’s a lot to be said for teams that habitually keep games close but have a hard time securing the dub . Betting the spread is a more thoughtful way to go for these types of teams than the moneyline. Analyzing Thursday’s Stony Brook at Kansas odds and lines, with college basketball expert picks, predictions and best bets.
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Every team in sports goes through ups and downs in a season. We will detail below some of the key aspects of a matchup that all bettors should research, and explain why they’re important to the outcome of a moneyline wager. For hockey, a standard final score in the NHL can be 3-2 or 2-1. For baseball, MLB final scores can vary but generally don’t surpass 12 runs between the two teams.
The closer the price is to “100” , the closer the teams are in terms of competitiveness. When it gets into the -120 to +120 range, it’s just about a “coin flip” — two evenly matched sides. While the moneyline bet does not include making a pick based on the point spread, it is connected to the point spread in terms of its potential payout. For example, picking a team that is a 3-point favorite will have a better payout than picking a team that is a 7-point favorite. So while the Colts are the favorite to win the game, one would have to risk more money if they wanted to bet on them. A Money Line or straight up wager is a bet on the outright winner of the game or event, without any point spread odds.
Learn how to bet on point spread vs. money line betting and the advantages that come with both options. On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish.