Ml Meaning Betting
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
- Football Betting Line A betting line is a posted number that the online Sportsbook posts for each game in a certain sport. The betting line will have different wager options within the betting line. Bookmakers will post odds on who they think will win the game. The betting line will usually show a favorite and an underdog.
- The morning-line odds are the odds printed in the program or in the newspaper alongside the entries in the race. They are set by a track employee, usually a handicapper but not always, and are supposed to represent how that individual believes the betting will ultimately shake out for the race at post time.
Basic Strategy for Betting Moneylines. In sports betting, a moneyline bet is a wager on which team will win a game. Moneylines are the primary wagering option for hockey and baseball, while for basketball and football they are viewed as a secondary alternative to the point spread.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.
Hockey is Canada’s most important sport, with increasing betting popularity for the US and World audience and with a wide array of betting choices, such as the point spread. To understand hockey point spread betting better, let us first look at the money line, which is something everyone should be familiar with in order to better enjoy their bets, regardless of the hockey bet type.
Let us provide you with a little example for a better picture. In a money line bet the negative number in the online sportsbook’s odds page represents the favorite team, while the positive number represents the underdog, the team less likely to win according to what is on paper and/or previous results.
* Please see illustration below to help understand point spread bets, text explanation follows.
Example of a Hockey Money Line:
Washington Capitals -115
Florida Panthers +270
Following the above example, in order for you to win $100 when choosing the favorite, you will have to wager $115. If you go ahead and choose the underdog, the Florida Panthers in this example, you must place a $100 bet in order to receive a possible payout of $270; hence the reason why betting on the underdog is so tempting.
That taken care of, we can now continue with hockey point spread betting, which by definition, a point spread is the scoring difference between the game’s two opponents (the two teams).
Example of a Hockey Point Spread:
Washington Capitals +2.5 (-115)
Florida Panthers -2.5 (+270)
Again, let us use the example above to illustrate how one would win a wager or place a wager. If you choose the team that is favored, the Washington Capitals in this case, then they must win by the point spread number indicated next to the money line for you to win your bet; they must win by 2.5 or more goals, a tough line for hockey standards, where scoring is minimal.
Now if you were to choose the underdog team, the Florida Panthers, using the -2.5 next to it, they must not lose by more than 2 goals for you to win your bet. Obviously if they win the game, you win the bet as well.
Now why use the .5 in the point spread? Well, the .5 is used to eliminate any possibilities of a tie happening, which would end up with the online sportsbook returning bets to their suitors, a “push” in other words.
Benefit to Using a Point Spread vs. a Money Line
We understand that as a bettor who is on a fixed budget, you do not want to bet a gross amount of money on a favorite. Regular hockey money lines are a bit more expensive in terms of betting on the favorite than that of point spread; so, hockey point spread betting in summary is way more affordable to those not wanting to throw down $100 to gamble, especially when the underdog is looking good.
Tips for Betting Hockey Point Spreads
There are a number of ways to pick out a strategy that works for you, what we would call the hockey point spread betting tips. Like everything in life, sports betting and hockey games can get complicated, unpredictable, and hard to bet on if you are just getting in the game.
Baseball Betting Lines Meaning
There are a lot of variables to account for and think about before the drop of the puck, so you might want to scout some reports, read up on a team’s injured reserve lists, confirm who will be the starting goaltenders, as well as take into account a team’s fatigue by just coming off a game from the previous night or even from a long road trip. Study as much variables and factors as possible, and you will see a noticeable improvement in your betting results for your hockey point spread online betting, and other betting types.
Ml Betting Definition
When betting on games it is important to do the proper research and homework on the certain teams involved in a matchup, which we recommend you do by studying these stats on our online sportsbook list, so go over them through our links, and make your hockey bets now.