The moneyline is a plus or minus number associated with each team involved in a particular match, and it refers to either how much you have to bet to win $100 or how much you’ll win if you bet $100.
For instance, if a moneyline is Toronto Maple Leafs -200 and Vancouver Canucks +155, it means you have to bet $200 on the Leafs in order to win $100, or you have to bet $100 on the Canucks to win $155.
The team associated with the minus number (the Leafs) is the favored team, while the team associated with the plus number (the Canucks) is the underdog.
You can bet on the moneyline for almost every sport
Many gamblers bet on the moneyline in hockey and baseball, because the scores are lower and point spread betting doesn’t make as much sense in these games. However, you can bet on the moneyline for almost every sport.
Learn about point spreads
Point spread betting is more popular in games where there’s a larger gap between the final scores. In a point spread bet, you don’t just bet on whether a team will win, but also whether that team will win by a specific amount.
For instance, if a point spread is Detroit Lions +4, New England Patriots -4, you would bet on whether you thought the Lions would win and if they’d win by more than four points. Again, the team associated with the minus is the favorite and the team associated with the plus is the underdog.
Parlay betting involves making multiple types of bets on the same game. For example, if you combined a moneyline bet and a point spread bet on the same game, this would be a parlay bet.These bets often offer large payouts, but they require a great deal of accuracy.