Hi my name is Glen and I am the Odds Coach Today we’re going to be learning what is a money line So, moneyline odds are the most basic to understand in a in a sports betting situation. Essentially all you’re doing is choosing the outcome, which team is going to win a given match. We see moneyline odds most typically in baseball and hockey and the reason for that is that they’re low-scoring games.
That means that for a sports book to add a spread one way or the other, it takes on a significantly higher amount of risk and so though you do see some spread betting in these sports it’s rare and a little bit dangerous. So let’s take a quick example of a moneyline bet that you may be investigating for baseball. Today’s gamev Toronto vs Houston typically on sports betting sites you’ll see one odd that odd is usually the negative, the favorite, is listed beside the the favorite team. In this case – 167 is the odds that they’re offering on Houston to win this game.
it’s very important that you always research the other side of that bet try to understand what’s going on in the sports book in this case. Toronto’s being offered out at +145 The easy way to say this is that a hundred dollar bet on Toronto is going to win you a hundred and forty five dollars and to win a hundred dollars on houston you need about a hundred and sixty-seven dollars. I can’t emphasize enough how important it is to not use those on numbers when making sports betting decisions. They’re specifically designed to abstract the amount of risk that you’re taking. What I would advise is taking and and converting it into a hundred-dollar bed on either side when you’re placing the money line back like this.
In this case we know that a hundred dollar bet is going to pay for Toronto is going to pay a hundred and forty five dollars but we also want to say for Houston a hundred dollar bet on houston is actually going to pay fifty nine dollars and eighty cents. That helps get in your mind a little bit about how much risk that you’re taking on for any given bet. Providing that this game goes five innings or four and a half innings of Houston’s winning there will be a result in this game and either one side or the other will pay out. Let’s do the same thing with hockey here we have Washington, who is once again a home favourite -152 In this case that means that a hundred dollar bet on washington is going to pay sixty five dollars in seventy-nine cents.
Then Pittsburgh is going to be offered out that +137. All that means is not a hundred dollar bet there is going to win you a hundred and thirty-seven dollars. Providing that this game last at least 55 minutes of playing time there’s going to be a result one way or the other and you are going to win or lose your bet. The next question is how does that affect Oncasinogames. Sports that we typically call spread betting sports.
I’ll explain spread betting a little more clearly in another video but spread betting sports do often have money line odds but it’s not the primary odd of that sport. Football, some sports books will have money line odds for all football games but if there are heavy favorites those odds will be very extreme -200, -300… You’re going to have to bet a lot of money to try to pull in a reasonable amount of profit. So some sports books don’t even bother with those typically they’ll set their limited between 0 and 10 point score predicted in the outcome. If they think that New England’s going to score 21 and the Jets are going to score 17 they’ll probably release a moneyline odd for that outright.
Same thing in basketball and the numbers are generally the same between 0 and 10 points differentiating the score of that game and they’ll release some money line or the money line will be a very reasonable number now. The exception to this is a soccer or or English football and the reason is that you have three possible outcomes a win-loss and a tie in most matches. Not in tournament play where they do determine a winner but for the most part most of the betting that you are going to do on soccer is win, loss and tie. Sometimes you can get a money line odd in soccer but they’re generally a type of combined odd, picking a win and a tie on any particular team so almost like a a form of parlay. I would stay away from money line in soccer depending on…it could end up in a lot of pushes you can create your own betting odds there but don’t really worry about money line for soccers, is my advice there.
Just a recap moneyline sports betting is betting on a single outcome a win or a loss in a game you’re you’re going to select a team and providing that the game goes to completion you’re going to either win or lose your bet. so that is moneyline betting. If you took anything away from this video please remember to hit like and subscribe to the channel for future videos Also remember that each video has an associated article on oddscoach.com where we go into a little more depth and there’s downloadable files. Also on Odds Coach you’ll find calculators, more in depth articles, and sports book reviews. Thanks again for watching.