What's So Great About Sports Betting And MoneyLines?
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Recreation & Sports > Casino & Gambling
Mar 3, 2008
Galway
What's So Great About Sports Betting And MoneyLines?
A moneyline is a specific way of stating the odds of a game, normally found in North American casinos and more and more on the internet as American and Canadian bookmakers move their businesses online. There is really no particular difference in stating the odds as usual or posting a moneyline, except that the latter is simpler to calculate quickly! Instead of working out what the winnings of a 5 pounds bet will be on a horse with 1/18 odds, the moneyline posting has already worked it out for you from the basic sum of 100 (usually dollars considering the North American centre). It's a way to simplify sports betting for those of us who aren't really looking to wager tiny amounts of money (10's and 20's), but are more interested in taking a step towards bigger rewards. If a game is scheduled to run and the odds have been calculated, then a moneyline will be posted for each of the teams, or for all the teams involved if there is a bigger, national or international event going on. If the moneyline is posted with a negative amount, this is representative of the amount that you will need to bet in order to win 100 back. For example, if the posting says San Franciso -130, you need to bet 130 to make 100. The opposite is true of moneyline postings with a positive number. If the posting reads San Jose +120 then you will win 120 off a bet of 100. The easy way to remember the difference is to consider that for negative amounts, you are paying that amount, and for positive amounts, you can win that amount. Of course if you don't want to bet in the increments posted in the moneylines, you need to find another bookmaker. Basically, sports betting based on moneylines is the most fun for people who are only interested in bets that involve increments of 100's of dollars or pounds. Moneylines are useful in sports betting not only if you want to deal in 100's, but if you don't want to calculate your winnings after subtraction of your bet amount. A posted moneyline of +160 means that you will win 160 on top of your bet amount, so in total the amount you get back from the bookmaker is 260. Again, the moneyline is set up to stop the need for mental calculation so that bettors can just get on with it. The team you choose to win is also determined by the bet you place, since the amounts are so specific. If you give the bookmaker 120 for the San Jose San Francisco game, it's obvious who you've bet on to win. For bookmakers, the betting limits open up the floodgates for higher profits, and technically the same is true for the bettors. Losers are going home with losses in the hundreds, however, while traditional amateur gamblers are only out a couple of 20 pound notes.
Shaun Parker is an expert on betting. He often uses free bets, online betting, sports betting and spread betting techniques to make the most of his money.
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