Things to Know About Money Line

For a newbie sport gamblers, money line can be misleading. But when all important aspects of the term is fully understand, it will be just as easy or even easier to use as the point spread. The difference between the two terms is that, money line is solely interested in who wins while point spread iw concerned with who wins and by how much.

The best way to explain the money line is to show an example of it in action, so we'll make up a hypothetical baseball game between the Cubs and the Dodgers. When looking at the odds for the game, the bettor will see something like:

Chicago Cubs +120 Los Angeles Dodgers -130

In this instance, the Dodgers are the favored team, as signified by the - (minus) written in front of the 130, while the Cubs are the underdogs, as designated by the + (plus) in front of the 120.

These numbers simply means that those wishing to bet on the favorite, the Dodgers, will have to risk $130 to win $100, on the other hand, those wishing to bet on the underdgo, the Cubs, will have to risk $100 to win $120.

It is also important to note that you do not have to bet as much as $100 even though money lines are expressed in that units. The money line will work just as easily with a $5 or $10 wager as it does with a $100 bet. When the Money Line is Used

The money line is used for a number of sports where the point spread becomes irrelevant, such as boxing, tennis, and auto racing, as well as baseball, hockey, and soccer. While there are margins of victory in soccer, hockey and baseball, it is so little it would be impossible to create a point spread for every game.

The difference between money line odds on the favorite and the underdog will normally increase as the likelihood of the favorite winning increases. For example, if the Yankees were playing the Devil Rays, we would probably see odds similar to:

Tampa Bay Devil Rays +190 New York Yankees -220

In this case a bettor would be required to risk $220 to win $100 by betting on the Yankees, while the Tampa Bay bettors would be risking $100 to win $190.

The difference between the two will continue to climb as the disparity between the favorite and the underdog increases. In a boxing match it would not be unusual to see odds such as:

Joe Louis -700 Ray Leonard +550

In this instance, those betting on Joe Louis are being asked to risk $700 to win $100, while Ray Leonard backers are risking $100 to win $550.

The reason for the shift in the difference between the odds is that bookmakers typically only make money when the underdog wins. In point spread betting, the bookie hopes to have an equal amount of money wagered on each team, which will guarantee a profit. In money line betting, the bookie realizes that more people are going to wager on the favorite, and can only hope to have enough wagered on the underdog to cover their potential losses on the favorite.

Using the Louis - Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis for the reason that his chances of winning are much greater than Leonard's. If bettors collectively wager $14,000 on Louis, the bookmaker hopes to receive $2,000 in wagers on Leonard. While the amount of money wagered on the two fighters is much different, the bookmaker has their bases covered.

If Louis wins as expected, the bookmaker will take the $2,000 from the losing Leonard bettors and pay off the winners. But if Leonard pulls off the upset and wins, the bookmaker will take the $14,000 from the losing Louis bettors and pay off $11,000 to the Leonard bettors and get to keep $3,000 for their effort. Other Uses of the Money Line

Money line betting is generally offered on all sporting events, even those which use the point spread, such as football and basketball. Using the money line simply gives the bettor another choice in deciding whether or not to make a wager, while you can still bet with the point spread.

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<!DOCTYPE HTML PUBLIC '-//W3C//DTD HTML 4.01 Transitional//EN' 'http://www.w3.org/TR/html4/loose.dtd'><html><head><title>Articles Back Link | Things to Know About Money Line</title></head><body><h3>Things to Know About Money Line</h3><br><br> By: Christine Marie Paguntalan<br><br><p><p>For a newbie sport gamblers, money line can be misleading. But when all important aspects of the term is fully understand, it will be just as easy or even easier to use as the point spread. The difference between the two terms is that, money line is solely interested in who wins while point spread iw concerned with who wins and by how much.</P><p>The best way to explain the money line is to show an example of it in action, so we'll make up a hypothetical baseball game between the Cubs and the Dodgers. When looking at the odds for the game, the bettor will see something like:</P><p>Chicago Cubs +120 Los Angeles Dodgers -130</P><p>In this instance, the Dodgers are the favored team, as signified by the - (minus) written in front of the 130, while the Cubs are the underdogs, as designated by the + (plus) in front of the 120.</P><p>These numbers simply means that those wishing to bet on the favorite, the Dodgers, will have to risk $130 to win $100, on the other hand, those wishing to bet on the underdgo, the Cubs, will have to risk $100 to win $120.</P><p>It is also important to note that you do not have to bet as much as $100 even though money lines are expressed in that units. The money line will work just as easily with a $5 or $10 wager as it does with a $100 bet. When the Money Line is Used</P><p>The money line is used for a number of sports where the point spread becomes irrelevant, such as boxing, tennis, and auto racing, as well as baseball, hockey, and soccer. While there are margins of victory in soccer, hockey and baseball, it is so little it would be impossible to create a point spread for every game.</P><p>The difference between money line odds on the favorite and the underdog will normally increase as the likelihood of the favorite winning increases. For example, if the Yankees were playing the Devil Rays, we would probably see odds similar to:</P><p>Tampa Bay Devil Rays +190 New York Yankees -220</P><p>In this case a bettor would be required to risk $220 to win $100 by betting on the Yankees, while the Tampa Bay bettors would be risking $100 to win $190.</P><p>The difference between the two will continue to climb as the disparity between the favorite and the underdog increases. In a boxing match it would not be unusual to see odds such as:</P><p>Joe Louis -700 Ray Leonard +550</P><p>In this instance, those betting on Joe Louis are being asked to risk $700 to win $100, while Ray Leonard backers are risking $100 to win $550.</P><p>The reason for the shift in the difference between the odds is that bookmakers typically only make money when the underdog wins. In point spread betting, the bookie hopes to have an equal amount of money wagered on each team, which will guarantee a profit. In money line betting, the bookie realizes that more people are going to wager on the favorite, and can only hope to have enough wagered on the underdog to cover their potential losses on the favorite.</P><p>Using the Louis - Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis for the reason that his chances of winning are much greater than Leonard's. If bettors collectively wager $14,000 on Louis, the bookmaker hopes to receive $2,000 in wagers on Leonard. While the amount of money wagered on the two fighters is much different, the bookmaker has their bases covered.</P><p>If Louis wins as expected, the bookmaker will take the $2,000 from the losing Leonard bettors and pay off the winners. But if Leonard pulls off the upset and wins, the bookmaker will take the $14,000 from the losing Louis bettors and pay off $11,000 to the Leonard bettors and get to keep $3,000 for their effort. Other Uses of the Money Line</P><p>Money line betting is generally offered on all sporting events, even those which use the point spread, such as football and basketball. Using the money line simply gives the bettor another choice in deciding whether or not to make a wager, while you can still bet with the point spread.<br></P></p> <br><br> <b>Author Resource:-></b>  <br><br><b>Article From</b> <a href='http://www.articlesbacklink.com/'>Articles Back Link</a><br></body></html>