*The 2-way moneyline is what most North American bettors would simply refer to as “the moneyline”. This is one of the most common wagering options where the user bets which side will win the game straight up. (A draw or tie results in a push with the 2-way moneyline.) The term is sometimes highlighted during soccer betting to differentiate from the 3-way moneyline - a more popular option with the draw added as a wagering option.*

`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`

__As the numbers grow larger each way – the small numbers get smaller or the positive numbers get larger – that indicates that those options are bigger and bigger favorites, or bigger underdogs. That’s particularly relevant when you’re looking at something like the odds to win the Super Bowl. The teams with smaller numbers are deemed as having a better chance of winning and then as the numbers grow larger, those teams are deemed bigger and bigger longshots.__

`This is a type of betting line which lays out the amount a player must wager in order to win $100.00, or the amount the player wins on a wager of $100.00. There is no point spread or handicap in this line. In order to win a moneyline bet, the team wagered on simply has to win the game. Payoffs are based on true odds rather than fixed odds. The amount the player lays or takes may vary from game to game.`

^{Since draws are more common in soccer, most soccer markets offer 3-way spreads. When making a Soccer Spread wager, the team you wager on must cover/beat the goal spread. This means that the favored team must win by more than the outlined number of goals or the underdog will receive that number of goals as a head start. If you wager on the spread draw, you are wagering that the game will end in a draw when the spread value is applied to home team. (The team displayed first) }

^{The last format we want to look at is fractional odds. Personally, we aren’t a huge fan of fractional odds because they’re the most challenging to work with. The formula is almost the same as with decimal odds, but it gives your profit instead of total money returned. It also requires you to solve a fraction, which may be a nightmare for a lot of people. Regardless, we are going to walk you through how to do it with the same bet we’ve been working with. }

_{The Patriots are set to take on the Rams in the greatest show on turf and money has been flowing into both sides of the Super Bowl 53 point spread. The Patriots are -3 for SB LIII according to most legal online sportsbooks but some have them listed only at -2.5. The Rams and Patriots are both offensive minded, and capable of scoring quickly; therefore, the winner will likely be whoever scores last in the game (-180). There is still no discussion of whether the roof will be open or closed at Mercedes-Benz Stadium in Atlanta, so weather may or may not play a factor here. Either way, make sure to get in your bet on the spread for Super Bowl 53, whether you choose the Patriots or Rams, before the 6:30 EST kickoff on Sunday, February 3rd. }

*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.*

__For those who are just starting to place sports wagers online, moneylines can be a bit confusing and overwhelming. They differ from point spreads, which are more concerned with the winner and by how much they win. With moneylines, the winning bet will be based on who wins and that is it. These types of bets are usually placed when betting on low-scoring games such as hockey or baseball, but they can also be an option with boxing and some mixed martial arts. The key to understanding moneyline betting is learning how to read the lines. Bettors will usually see a + and a – amount after the listed teams. The – indicates the favoured team. Let’s say there is a moneyline of +120 and -130. The -130 is the favoured team and will cost $130 in bets to collect $100 on a win. If punters choose to bet the underdog at +120, they will bet $100 and will win $120. Basically, one will have to wager more on the favoured team to come out ahead.__

*The last format we want to look at is fractional odds. Personally, we aren’t a huge fan of fractional odds because they’re the most challenging to work with. The formula is almost the same as with decimal odds, but it gives your profit instead of total money returned. It also requires you to solve a fraction, which may be a nightmare for a lot of people. Regardless, we are going to walk you through how to do it with the same bet we’ve been working with.*

__Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better (lower) score wins the matchup. (If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.)__

_{It's also important to consider whether or not there's any correlation between the point spread and the betting total. If they are, a parlay wager is a good way to get maximum value. For example, a college football point spread +24.5 parlayed with under 48 points in the same game might be a great parlay bet. If the +24.5 team covers the point spread, then there's an increased chance that the game also goes under the posted total of 48. }

## We mentioned we would touch on the -3500 bet in this section. If you calculate the implied probability of -3500, you see that it is 97.2%. This means that the bet will have to hit 97.2% of the time for you to break even. Now, if you think that the bet is actually 100%, then it might be a smart bet to make. You’re still going to have to put up a lot of money to see any real sort of profit, which might not be desirable based on your personal preferences.

**Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. Unfortunately, underdogs are underdogs for a reason, and it’s usually because they aren’t very good. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would.**

**This should hopefully make perfect sense to you. Successful betting, on any sport, is all about finding value, so you should always look to get the best value that you can. If a moneyline wager offers the best value on a football game, then that's the wager you should be placing. If a point spread seems the best option, then go down that route. There may even be occasions where it's viable to place both wagers on the same game.**

^{Technically, probability should always be a number between 0 and 1. It's often expressed as a percentage though, which makes things easier for the purposes of betting. 0.7059 converted into a percentage (i.e. multiplied by 100) gives us 70.59%. What this means is that the odds suggest the Celtics have a 70.59% chance of winning. If we believe the Celtics have an even greater chance of winning, then we should back them at odds of -240. }

*Although the potential payouts look tempting - many sports bettors have dreamt of cashing in nearly $10,000 by nailing a $10, 10-teamer at 850/1 - they are a bad bet because they are difficult to hit and do not pay anywhere near true odds. This is how the sportsbooks make a lot of their money. For instance, let's say you want to bet a two-team parlay. For two games, there are four different possible combinations of outcomes, thus the true odds are 4/1. However, the sportsbook is only going to pay you 2.6/1 for your efforts, thus giving them a "juice" or vigorish in their favor. However, if you only have $20 to your name for a football bankroll and really like two games, the two-teamer might be the way to go because you could win $52 for your $20 wager.*

We do want to make sure to point out that this is total money returned and not your profit. We went over the difference above when discussing the American odds. Let’s take a look at the same bet again, but this time with decimal odds. We should be expecting to see a profit of $33.33 for an Eagles bet and $240 for a Falcons bet since we know that the bets are the exact same and are just presented in a different format.

`While we aren't exactly sure at which dollar amounts or what formulas sportsbooks use to determine when they shift the lines, we do know why they do it. It is their attempt to minimize their risk as much as possible and guarantees sportsbook profit. Lines will also move if something major happens (like Lebron breaking his leg or something) so keep an eye out for this. Ultimately, the shift in the line is done for the exact same reason to keep the same amount of money on both sides of the game. As you'll see in the strategy and tips section, shifting lines do present some interesting opportunities for sports bettors.`

_{Oddsmakers want you to gamble on underdogs as well as favorites. They set points spreads that encourage balanced betting. They analyze the strengths and weaknesses of each team, factoring in won-loss record, strength of schedule, results against common foes, key injuries, recent performance and previous games between the teams. They also rate the value of home field advantage and consider the game day weather forecast where relevant. If they see heavy wagering on the favorite, they will increase the point spread during the week to spur more betting on the underdog. If more money is going on the underdog, the spread will decrease as game time nears. }

While we aren't exactly sure at which dollar amounts or what formulas sportsbooks use to determine when they shift the lines, we do know why they do it. It is their attempt to minimize their risk as much as possible and guarantees sportsbook profit. Lines will also move if something major happens (like Lebron breaking his leg or something) so keep an eye out for this. Ultimately, the shift in the line is done for the exact same reason to keep the same amount of money on both sides of the game. As you'll see in the strategy and tips section, shifting lines do present some interesting opportunities for sports bettors.

#### Typically hockey is not a popular sport when it comes to point-spread betting because most games are decided by only a goal or two. Sports like football and basketball are better for point-spread betting mainly because they are higher scoring sports. However, Proline does offer NHL point-spread betting and it can get confusing so let’s take a look at how it works.

__This may sound confusing, but spread betting is one of the easiest forms of sports betting offered. It also offers better odds when betting on the favorite team and the normal odds are 10/11 or -110. When one chooses to bet on the underdog that team does not have to win, they just have to cover the spread. Spread betting is pretty simple and it allows punters to enjoy an exciting form of betting that can lead to some significant wins.__

`Let us be clear before we go any further with this strategy tip. If there is value in a bet, go ahead and make it. What we want to talk about, though, are bets where you are risking an abnormally high amount of money to win a very small amount of money. While this is still technically profitable, you might not get enough opportunities to push through the variance and realize your value.`

For example, if you’re betting on teams A, B, and C to win outright, you’ll have two round robin options available. Your By 2’s option includes all possible 2-team parlays for these three wagers (A+B, B+C, and A+C). And your By 3’s option includes all possible 3-team parlays on these 3 wagers (A+B+C). If you wager $30 on the By 2’s option, that money will be split evenly among the 2-team parlays ($10 on each of the 3 wagers).

^{Before actually betting or creating your draft for your fantasy football team, it’s best to take time to study the methods well and find a credible website that would give you the best forecast for NCAA Football Odds. The key to a higher probability in winning is to be able to use all the odds in correlation to each other. Once you understand how NCAA Football Odds computed, you’re on the right track to achieving your goal. }

*Because the spread is intended to create an equal number of wagers on either side, the implied probability is 50% for both sides of the wager. To profit, the bookmaker must pay one side (or both sides) less than this notional amount. In practice, spreads may be perceived as slightly favoring one side, and bookmakers often revise their odds to manage their event risk.*