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Academy — 8/18/23

WagerWire Academy: MoneyLine

By 
@wagerwire
WagerWire Contributor

MoneyLine

MoneyLine represents a straightforward method of understanding odds and potential payouts for different outcomes in a game. It is a fundamental tool that assists bettors in making informed decisions and calculating their potential returns.

In a MoneyLine bet, two teams or competitors are identified: the favorite and the underdog. The odds are expressed as either positive or negative numbers, each carrying distinct implications. Negative MoneyLine (-) odds (e.g., -150) signify the amount one must wager to win $100. This indicates the favored team's higher chances of winning, with a smaller potential payout relative to the bet amount. Positive MoneyLine (+) odds (e.g., +200) indicate the potential profit on a $100 bet, representing the underdog's lower chances of winning but offering a higher potential payout.

Risk/Reward

The MoneyLine allows bettors to evaluate the risk and potential reward of their wagers. A negative MoneyLine (-) implies a smaller payout due to the favored team's higher probability of winning. Conversely, a positive MoneyLine (+) suggests a potentially larger payout, reflecting the underdog's lower likelihood of winning.

MoneyLine odds are established by sportsbooks based on factors like team performance, player injuries, historical data, and public sentiment. As such, they provide insight into the bookmakers' assessments and public perceptions of an event's outcome.

Make Better Decisions

Understanding MoneyLine is crucial for effective sports betting, enabling bettors to gauge the relative strength of opposing teams and calculate potential profits. It's worth noting that while $100 is a common reference, the principle remains consistent regardless of the actual bet amount. Overall, MoneyLine is a foundational concept that empowers bettors to make more informed decisions and navigate the intricate landscape of sports betting.