A negative money line like -400 (or 1:4 odds) indicates that the bettor would have to wager $400 to win $100. A money line like +100 or -100 indicates even odds: bet $100 to win $100. Some sportsbooks differentiate even odds by listing the 100 without a positive or negative symbol, but a money line of 100 is that same as +100. 2-Way and 3-way Money Line Bets. The 2-way moneyline bet is probably the most common wagering option where you place a bet on either team/player A or team/player B to win. In a 3-way moneyline bet you also have the option to bet on a draw. Best Sportsbook for Moneyline Bets. Betting on an outright winner is the most traditional form of betting, regardless what country you’re in. Line: This is the odds, points, money line, or point spread offered on football games. Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games. Lock: This term is used to refer to an easy win. Longshot: This is a term used to refer to an extreme underdog.
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
Money lines are represented in negative and positive values.
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Lets use an NFL example here:
Planet 7 casino. New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.