How to Read Moneyline

Introduction

If you're interested in sports betting, then you've probably encountered moneyline odds. They're a popular form of odds used in many sports, including baseball, hockey, and soccer. Understanding how to read moneyline odds is crucial for any sports bettor, as it can help in making informed betting decisions. In this blog post, we'll cover three key things to keep in mind when reading moneyline odds.

Understanding the Basics

The first thing you need to know about moneyline odds is that they represent the amount you would win on a $100 bet. The odds are presented as either a positive or negative number. If the moneyline is a positive number, it indicates the amount you would win on a $100 bet. Conversely, if the moneyline is a negative number, it indicates the amount you would need to bet to win $100. The plus and minus signs indicate the underdog and favorite, respectively.

It's important to understand that the odds in moneyline betting are not always the same. Each sportsbook has its own set of odds, and they can vary greatly from one sportsbook to another. Therefore, it's essential to shop around for the best odds to maximize your winnings. You can compare the odds offered by different sportsbooks to find the best value for your bets.

Example of Moneyline Odds

Here's an example of how moneyline odds work:

In this example, the Lakers are the favorite, and the Celtics are the underdog. If you bet on the Lakers, you would need to bet $130 to win $100. On the other hand, if you bet on the Celtics, you would win $150 on a $100 bet LeoVegas.

Pay Attention to the Odds

The second thing you need to keep in mind is paying attention to the odds. Moneyline odds can vary greatly from one sportsbook to another. For example, one sportsbook might have a moneyline of -130 for a particular game, while another sportsbook might have a moneyline of -150 for the same game. It's essential to shop around for the best odds to maximize your winnings.

When you're comparing odds between different sportsbooks, you need to keep in mind that the odds can change over time. The odds can change due to a variety of factors, including injuries, weather conditions, and public perception of the teams. Therefore, it's important to keep track of the odds and make your bets at the right time.

Example of Changing Odds

Here's an example of how odds can change:

In this example, the moneyline for the Lakers has improved, and the moneyline for the Celtics has gotten worse. It's essential to keep track of these changes to make informed betting decisions.

Consider the Underdog

The third thing to keep in mind when reading moneyline odds is to consider the underdog. Although the favorite usually has the better record, the underdog can still be a profitable bet. If the underdog has a moneyline of +200, for example, a $100 bet would win you $200. Betting on the underdog can be risky, but it can also be rewarding.

It's important to note that betting on the underdog is not always the best decision. It's crucial to analyze the team's performance, injuries, and other factors that may affect the outcome of the game. By doing so, you can make an informed decision on whether to bet on the favorite or the underdog.

Benjamin O’Shea

In conclusion, understanding how to read moneyline odds is crucial for any sports bettor. Remember to pay attention to the odds, consider the underdog, and always compare odds between sportsbooks. By keeping these tips in mind, you'll increase your chances of making informed bets and winning big. Happy betting!

Moneyline Odds FAQ