Moneyline
A bet on which team or player will win a game outright, with no point spread.
A moneyline bet is the simplest form of sports wagering: pick the winner. The odds indicate both the payout and the implied probability. Negative odds (e.g., -150) indicate the favorite — you risk $150 to win $100. Positive odds (e.g., +130) indicate the underdog — you risk $100 to win $130.
Moneyline bets are available in virtually every sport. In high-scoring sports like basketball, moneyline favorites can be very expensive (-300 or more), making the point spread more popular. In low-scoring sports like baseball, soccer, and hockey, moneylines are the primary bet type.
One advantage of moneyline bets is simplicity — you just need your team to win. There's no worrying about covering a spread.
Example
New York Yankees -150 means you risk $150 to win $100. If they win by any score, you profit $100.
Related Terms
Point Spread
A handicap applied to the favorite to create a more even betting market.
Implied Probability
The probability of an outcome as implied by the betting odds, including the bookmaker's margin.
Favorite (Chalk)
The team or player expected to win, indicated by negative moneyline odds.
Underdog (Dog)
The team or player expected to lose, indicated by positive moneyline odds.
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