Betting on Moneylines
February 28, 2011
Most basketball betting action comes in the form of pointspreads or totals, but you can also find moneyline bets on games and props.
A moneyline bet is handicapped in a way where you will get paid less than twice your bet on a win by a favored team, while a bet on an underdog upset will pay out an amount that’s more than twice your wager. How much more or less your wager the payout is will depend on the odds offered by the sportsbook.
Moneyline betting odds are handicapped by first determining a favorite team. The favorite team will have a (-) sign in front of the moneyline assigned. The number assigned to the favorite indicates the amount that must be wagered in order to win $100.
Bettors can wager different amounts on a moneyline bet, the $100 amount is just used to figure out the odds that a winning bet will pay out. Whatever the amount wagered the bettor will be paid out a proportional amount using the moneyline odds.
If Houston is a -235 favorite over Toronto, and you bet on the Rockets to win, you would profit $100 for every $235 wagered if Houston wins. Your initial $235 investment will be returned on top of the $100 in profit, for a total payout of $335. Bettors have to risk more to get paid on a team that’s favored to win the game.
Underdog bets will have a (+) in front of the line to indicate how much profit will be won for every $100 bet. If Toronto is the +185 underdog against Houston and they pull off the upset, for every $100 bet on the Raptors the bettor will get paid out $185 in profit, plus the initial $100 wagered for a total payout of $285.