In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100. If you bet $110 on the underdog 49ers you will win $100 if they win outright or lose by less than the three-point spread. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back.
Understanding how a moneyline wager pays isn’t simple but it’s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.
We’ve already covered that a moneyline bet is easy to make and is the most popular type of sports bet for beginners and for professional bettors. Now let’s talk about exactly what it is. A moneyline bet is a sports betting wager on which team or person will win a game or sporting contest. Simple as that. When you make a moneyline wager, you are betting on who will win a contest. It doesn’t matter how they win, by how many points, goals, or runs they win, or how long it takes them to win. All that matters to win a moneyline bet is that the team or person you bet on is victorious.

In this example the Jets are listed as four-point favorites (-4) over the Bills and the 49ers are three-point underdogs (+3) against the Seahawks. So, if you bet $110 on the favored Jets, they must defeat the Bills by more than four points in order to win $100. If you bet $110 on the underdog 49ers you will win $100 if they win outright or lose by less than the three-point spread. If the final score happens to end up exactly on the number it's a tie, or 'push,' and you get your money back.
If you bet $100 on the Magic, you would get $105 in return. If you bet $100 on the Mavericks, you would get $90.91 in return. You might be asking yourself why they aren’t paying out the same amount on both sides of the game. The reason is that the difference is the house rake. Sometimes referred to as the vig or the juice, this is the small percentage that the sportsbook takes off the top for facilitating the action. The percentage that the house takes will vary, and different sides of the bet will pay for it.
Another way to beat football point spreads is to shop for off market prices. For example, let's say you're shopping online betting sites and see every site is offering Vikings +7.0. Then, you stumble upon one site that's offering +7.5. There's a good chance that this is a +EV wager, simply because it is out of sync with every other site. Please note that this strategy isn't quite the same as simply shopping for the best lines. Here, you're specifically looking for wagers that are +EV because they're against the market.
Changes to the lineup for a game will have a big effect on the moneyline as well as any other bets you’re looking to place on that game. If a superstar is suddenly out, it’s going to have a big change on where the money is coming in, which will inevitably cause a big shift in the line. Sometimes the sportsbook will even adjust the line preemptively if they anticipate a large change in where the money is going to be coming in on a particular game.
In cases when there is a point spread and moneyline offered on an event, such as an NFL football game, many bettors will place a wager on the moneyline and point spread of an underdog they feel has a chance to pull the upset. They will safely bet the point spread because they feel the game will be close, but will also put themselves in line for a nice payday if the underdog wins straight-up.
The last types of bets that you should be aware of when betting on the NBA are proposition bets. A prop bet is a wager in which you bet on whether or not something is going to happen in a particular game. For example, will a certain player make more than four 3-pointers in a game? Which team will score first? Which team will win the opening tip-off? Will a certain team shoot over X % from the field? All of these are examples of prop bets that you can make on a particular NBA game.
Just like the minus and plus values on the point spread, those values designate underdogs and favorites in moneyline betting. In this case, Toronto is favored at -185 (bet $185 to win $100), and Baltimore is listed as the underdog at +165 (bet $100 to win $165). In explaining the concept of moneyline betting further, it might help to view the number 100 sitting between the favorite and underdog values: +165 +100 -185
Betting against the spread - In the sports betting industry the acronym ATS is used to label a team's record when betting against the spread. ATS records are a valuable tool in sports handicapping. A team may be playing great straight-up, winning a lot of games but at the same time they could have a dreadful ATS record because they are overvalued by the general public and the oddsmakers. And, conversely, a team could be losing a lot of games but playing in a lot of close games as underdogs and have a good ATS record going. 

With money line bets the goal is to pick the outright winner of a game or event without the use of a point spread. While money line betting is available for sports where point spreads are used, they’re most popular in sports like baseball and soccer where very few points are scored. Money lines are also used for sports where points do not determine the winner or loser, as in auto racing or tennis.
Another form of futures betting involves the over/under on the number of games a particular team will win in the regular season. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. For example, the over/under on the Yankees may be 93 wins. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded.
Rotation numbers are standard from sportsbook to sportsbook. The number becomes a way to refer to the game and team without mentioning the teams name. It’s a sort of shorthand. Also, the rotation number allows each book to list the games in the same order—numerically. It is, in essence, a way to keep all of the games that are posted each day and throughout the week organized. That makes it easy for the bettor and the bookie.
Typically, if you’ve made a bet on sports in the past amongst friends or at the casino, you probably made a moneyline bet, and you didn’t even know it. “I bet you $10 the Broncos are going to win tonight.” That’s a moneyline bet. You may also hear the bet referred to as a to-win bet in some circles, but just know that they are referring to the same type of bet.
If all the money at one sportsbook comes in on Team A and all the money comes into a second sportsbook on Team B, they’re both going to adjust their lines accordingly to what is going on in their book. This means that if you want to bet on Team A, you should go to the second sportsbook where the line will be great. If you want to be on Team B, you should go to the first sportsbook where the line will be better.
A money line, used in baseball and hockey, takes the place of a point spread. Money line betting is simply wagering on the contest based on a given price rather than a point spread. The team wagered on has to win the game outright, regardless of the score. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+120) always indicates the underdog and the amount you win for every $100 bet. Using this example, therefore, you would bet $130 to win $100 on the favorite, while for the underdog you would bet $100 to win $120.
Conversely, in most other countries financial spread betting income is considered taxable. For example, the Australian Tax Office issued a decision in March 2010 saying "Yes, the gains from financial spread betting are assessable income under section 6-5 or section 15-15 of the ITAA 1997".[6] Similarly, any losses on the spread betting contracts are deductible. This has resulted in a much lower interest in financial spread betting in those countries.
In most cases, the favorite will be the team with a negative moneyline (in some cases both teams can have a negative moneyline if they are both closely matched). A line of -160 means that you would have to bet $160 to win your base amount of $100. A team with a moneyline of -130 wouldn't be favored nearly as strongly as a team with a moneyline of -330.

There's another reason to bet the underdogs on the moneyline as well. If your handicapping has made you feel very strongly that a poor team is due for a big win then the moneyline allows you to profit much more handsomely from your conclusion than a point spread bet does. The moneyline, then, is a powerful situational tool for people who closely follow the NBA.
Now that we’ve covered a lot of the basics concerning moneyline bets, let’s talk about the fun stuff – how much you’re going to make on your next correct moneyline bet. Remember, most online sportsbooks will automatically calculate the amount you are going to make on a moneyline bet before you even make the bet. You’re able to put in the amount you want to bet, and they will tell you immediately how much you would win from a correct pick.
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There are some major differences between the two that all punters should be aware of. One of the great things about betting online is the offering of betting tutorials. With these, the newest punters can learn all about the different types of bets, how to place them and what odds they carry for winning. For those that are looking to enjoy amazing betting options and superb odds, there are many trusted and respected online casinos in canada that offer sportsbook action and awesome chances to collect payouts.

Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.

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