A Guide to Basketball Moneyline Bets
How They Work
Moneyline wagers in basketball are all bets on which you believe is going to win the match. There are no point spreads to pay or some other stipulations; it all comes down to who wins the game. If you put a moneyline wager on the Orlando Magic and they win the game 1 or 100 points, it does not matter. You win your bet either way. If they lose the game by any number of things, you lose your wager. For the ones that read our section point spread bets (and we recommend you do before getting through this segment ), you’re probably already wondering just how the sportsbook will make these stakes fair.
This is where the difference between point spread bets and moneyline bets lie. To create the bet fairer and on a level playing field, each bet kind does something different. As we discussed, point spread bets are adjusted by manipulating the number of points a team is preferred or an underdog by. With moneyline bets, this is accomplished by manipulating the payouts.
The bigger the preferred a group is, the less cash you’ll be compensated on a winning bet.
The bigger the underdog a team is, the more money you will be compensated on a winning bet.
There is no point spread to cover. With point spread bets, you can bet on a team that you think will lose the match and still win your wager. This luxury goes out the window with moneyline bets.
Basically, you’re going to win moneyline bets less often, but when you do win you’ll be paid more.
This is why lots of folks prefer to say the bets are effectively the same thing. The amount extra you are going to be paid on your moneyline wins must make up for the fewer wins you do hit. In theory, you should win the same amount of money in the long run using the same picks. This is in theory.
Moneyline bets are displayed with a plus or minus sign before the chances to portray whether or not a team is the favorite or underdog. A plus sign means that the team is the underdog and a minus sign means that the team is the favorite. The corresponding amount signifies just how much a favorite or underdog the team is. The bigger the number, the bigger the favorite or underdog. By way of instance, a group that’s -260 is a bigger favorite than a team that’s -135. A group that is +380 is a bigger underdog than a group that is +190.
This is the easiest bet. You select a team to win. If they win, you win, If they lose, you lose. You’ll be paid based on how likely or unlikely the sportsbook believes their win will be.
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