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.
It is not considered as part of the simplest betting systems, but it is not too complicated, either. As the name of the system suggests, it is based on the Fibonacci mathematical sequence. The sequence starts with 0 and 1. After that, each subsequent number equals the sum of the previous two numbers. The fact that the system is a negative. Sports Betting Odds. Remember at the beginning when we talked about the magic number necessary to guarantee a break-even week in sports betting? If you read enough about sports betting, you’ll hear this number repeated often: 52.4%. If a bettor can win 52.4% of his bets, he’ll break even. Where does that number come from? Best Online Sports Betting Vs Daily Fantasy Home Algorithmics For Sports Betting Where Can I Order What Does A Negative Number Mean In Sports Betting By Clarendon in Fredericksburg,+Virginia.
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:
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.
Almost every casino player, and especially the more experienced ones, uses a certain kind of betting system, no matter if the system is mostly consistent of making guesses what follows next. In addition, betting systems are used by a lot of players to make their game more exciting, while trying to beat the casino house edge.
There are different kinds of betting systems, but the most popular ones are the positive and the negative progression system. There are a lot of debates which of the systems is better, but in fact, there is no clear-cut answer. The truth is that skilled players will be able to gain a small edge over the casino by using a certain betting system, but everyone knows what is best for their gameplay.
As a matter of fact, most players, and especially the less experienced ones, prefer to stick to the positive progression betting system, which is not considered as risky as the negative progression system. The latter is regarded as more dangerous for players due to the fact that users are normally risking larger amounts of money after they have already lost a bet.
First, in order to understand any kind of progression betting system, players need to be aware of the fact what the term “progression” means. In this case, the word is used in order to show that players increase their bets consecutively.
The negative progression system is all about increasing the player's bet after they have generated a loss, based on the hope of getting back to even after making a winning. As mentioned above, the negative systems are normally considered extremely dangerous, because of the fact that it is possible for them to lead to the player losing their entire bankroll after a long series of losses.
There are different negative progression betting systems used, but probably the most popular one is the Martingale betting system, which involves doubling the player's bet after every loss. Of course, the Martingale system is not the only negative progression system currently used. Other systems that are very popular among players all over the world are the Labouchere system, the Fibonacci system, and the D'Alembert system.
The negative progression is basically the opposite of the positive one. Systems of this type are based on the player's strategy to increase their wagers when losing, and reducing them when winning. The main theory that lies in the very basis of the strategy is that the player should generate a win eventually, and thanks to winning at higher bets than the money lost, the player should get at least even, or make money overall.
Unfortunately, there is no guarantee when the player's losing streak will be ended. This basically means, that the player may lose their entire bankroll without generating a win. This is exactly why players are recommended to not fully trust the widely-mistaken perception that previous outcomes of events that happen at random can somehow have influence on any future outcomes. This belief is more popular under the term “the gambler's fallacy” and has actually led to numerous losses for players all over the world. This is the reason why negative progression betting systems are usually considered as too risky – the constantly increasing stakes based only on the suggestion and hope that the player is to eventually generate a win is usually a recipe for disaster.
Another common misconception about the negative progression betting systems is that they are not able to return a profit. This is definitely not true. The only problem is that players are still relying on luck only, and no one can really guess the actual sequence of events. It is true that players can end up losing large sums of money, but it is also true that the winning stakes can get really massive.
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Here is a list with the most popular negative progression betting systems known. They have managed to attract thousands of followers worldwide and they have been proved as ones that actually work:
The Fibonacci System is one of the most popular negative progression betting system. It is not considered as part of the simplest betting systems, but it is not too complicated, either. As the name of the system suggests, it is based on the Fibonacci mathematical sequence.
The sequence starts with 0 and 1. After that, each subsequent number equals the sum of the previous two numbers. The fact that the system is a negative progressive one means that it is related to the player increasing their bet every time they lose, and decreasing it when they generate a winning.
The D'Alembert System is one of the simplest negative betting systems. According to experts, it has some similar characteristics of the Martingale system. As any other negative progression betting system, it involves increasing the wager after a loss is generated, and reducing the bet after a win.
What is specific for the D'Alembert is the fact that the stakes are boosted more slowly in comparison to other systems. This is great, as it guarantees that it is less likely for the stakes to get extremely high too quickly. Still, the advantage could be seen also as a disadvantage, as losses are recovered more slowly by using this system.
The Labouchere negative progression system is considered as part of the most complicated ones. Still, it is currently one of the most-preferred ones among players all over the world. The main idea which the Labouchere system is based on, is that the player is supposed to recover several consecutive losses with a smaller number of winnings generated.
What is specific for the system is the fact that it is focused on recovering several losses with multiple wins.
The Martingale negative progression system is known as one of the oldest and most-preferred ones. The best part is that it is also one of the easiest systems to learn, as there are no complicated calculations for the players to make. The system is based on a certain theory that there is small probability of the player losing a large number of consecutive bets.
Once again, this is a negative progression system, which means that players increase their bets when losing, and decrease them when winning.