What Does Moneyline Bet Mean In Sports Betting?
Moneyline betting is a popular form of sports betting where the bettor simply chooses a team or individual to win a game or event. Unlike point spread betting, which is more popular for football and basketball, moneyline betting does not involve any point spread, as the bettor only has to determine which team or individual will win the game or event.
Moneyline betting is often expressed in American format, which means the bettor will have to wager a certain amount to win a certain amount. For example, if a moneyline bet is -200, then the bettor must wager $200 to win $100, while a moneyline bet of +150 means the bettor can win $150 for a $100 wager. The negative sign in moneyline bets indicates the favorite, while the positive sign indicates the underdog.
Moneyline betting is popular among sports bettors because it is relatively easy to understand and can be quite profitable if the bettor is able to accurately predict the outcome of a game or event. Additionally, the odds in moneyline betting tend to be more favorable than those found in point spread betting, which makes it an attractive option for experienced bettors.
