May

17

Sports Betting - Betting Money Lines

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Sports betting can be an extremely thrilling and rewarding adventure if you apply it correctly and minimize your chances of losing your bets. While betting the point spread deals with which team will win and by how many points or scores, betting money lines is exclusively concerned with which team will win a specific game or event.

To further explain betting money lines, we can take a loot at an example. Here are the hypothetical baseball odds between the Chicago Cubs and the LA Dodgers:

Chicago Cubs +120
LA Dodgers -130

Immediately, we see that the Dodgers are the favored team (noted by the minus sign) as opposed to the Cubs, who are the underdog team (noted by the plus sign).

When betting the money line in this instance, bettors who bet on the Dodgers are risking $130 to win $100, whereas bettors placing wagers on the Cubs are risking $100 in order to win $120.

Don’t get too intimidated by betting money-lines. Even though they are normally expressed in increments of $100, you are not required to bet that much money all the time. Betting money lines can also be done with just $5, $10, or $20.

Betting the money-line are normally used for several sports in which the point spread is irrelevant. Boxing, auto racing, baseball, hockey, soccer, and tennis all involve betting money lines. Even though there are marginal victories to bet on in these sports, they are so close that it would be virtually impossible to produce a point spread for each and every game.

Keep in mind that the difference between the odds of the money-line on the favorite team and the underdog team will increase as the chance of the favored team winning increases. So, when the odds are in a specific team’s favor, you may be risking only $100 to win $550 for the favored team, while you may need to risk $700 to win $100 for the underdog team.

These large differences in betting money lines occur because sportsbooks really only make money when the underdog team wins. The sportsbooks realize that most people will bet on the favored team and need to hope that enough people will bet on the underdog team in order to cover their potential losses on the favored team.

Betting money lines is generally used in almost all sporting events, even those that have a point spread implemented, like football and basketball. Even though you can still place your wager with the point spread, betting money lines basically offers the bettor a different choice when deciding whether or not to make a wager.

If you’d like to properly learn how to develop professional strategies for betting money lines and produce wins and each every single time, visit www.BettingUnderground.info.

Elise is an extreme hockey fan and born again sports hobbyist who has just entered the world of online sports betting. She has tried and tested various online sports betting systems and reviews them on her website, www.BettingUnderground.info.


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12 Comments so far

  1. Bingo.com on May 24, 2010 2:18 pm

    I’d like to bet the soccer world cup games. I will these great tips. thx :)

  2. Ryan on May 24, 2010 8:36 pm

    I just wanted to point out that generally if the money line is -115 thru -185 there is a “dime line” which just means the underdog pays at the favorite odds minus 10 cents.
    -200 pays the underdog +185. -210 thru -250 has a 20-cent line. -260 thru -300 has a 30 cent line. You will notice that the larger the money line means a larger vig for the sportsbook.

  3. Tony Diamond on June 23, 2010 7:02 pm

    Good info…Like to point out also in regards to betting lines, that the line on the favorite on the game will normally go up as it gets closer to game time, so it “usually” is wise to place your wager early if betting the favorite, and wait till later if betting the underdog to get the most value for your money

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  5. online casino on September 10, 2010 11:28 am

    Betting on Baseball and Rugby is over profitable if you do know the strategy and the potential of the teams.

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    very good review thanks

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  8. Sports Betting System on May 23, 2011 5:00 am

    Sports betting is one of the instant money in the industry. It makes the game more exciting if there’s bets on the line.

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    I have one question. How much have you won from online gambling?

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    Been gambling for over 5 years on sports betting and gambling in general and I have to say this is the great place to learn about how to play for the beginners.

  12. Angela on November 17, 2011 12:20 pm

    Well written text. However, betting moneylines are still new to me. :D