Handicapping the money line may appear deceptively easy. But you will need them to “cover the spread”.Īlternatively, spread betting allows you to side with an underdog that you suspect may out-perform the quoted moneyline, but still come up slightly short in the outright game winning market. If you want to root for the better side, you won’t have to stake as much to win the same amount when betting against the spread rather than on the money line. Spread bets attempt to make the contest more even and therefore the odds on each side will be closer to even money and to each other. There are pros and cons about which bet might be more attractive to the bettor. The bigger the chances of the favorite, the bigger This type of bet handicaps the stronger team, the money line favorite, by giving the underdog a set number of points’ headstart that is added onto the final score line at the end of the match too determine the winner for against the spread betting purposes.Īnd the money line are strongly related. The NFL bet that many will be familiar with is the spread bet. They give themselves a safety net and the odds on both teams are slightly shorter than the true implied probability. This is due to the juice or margin charged by the bookmaker. The astute among you will have noticed that the probabilities of both outcomes (there are no ties in the Super Bowl) add up to 103.6% rather than 100%. The Rams’ -217 means in the bookmaker’s view, there is a 68.5% chance of a Rams win compared to a 35.1% chance of a Bengals victory. The moneyline odds also relate to the implied win probability for each side. Hence you needed to stake $217 on the Rams in theĪ positive prefix to the odds indicates the team is the underdog and the number tells you how much profit you would make for every $100 staked. $10 at evens returns $10 profit and your original stake.Ī negative sign tells you how much you need to stake to make a $100 profit. Evens means you make a profit that is equal to your stake. The American odds are preceded by either a - sign, a + sign or are priced at evens, often shown as +100. It is well worth drilling down into the meaning of the numbers in an NFL moneyline bet to get a feel for the likely returns and risks.
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