Money Line Bet
admin 4/9/2022
- Where to Bet:
Compare moneyline odds at sportsbooks Example of a moneyline wager. Low scoring sports like baseball, soccer, and hockey are usually bet on using a moneyline. Looking deeper into moneyline wagers. The two sides of each moneyline wager are essentially the opposite of each other. Moneyline Uses Besides baseball and hockey, moneylines are used for betting on other sports where a point spread becomes irrelevant, such as auto racing, boxing, soccer, and tennis. While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game.
How to read Hockey Las Vegas Money Line Odds
When playing the moneyline, you pick either one team or the other. It's that easy!
If you are wagering on the National Hockey League and making moneyline bets, you'll either be pulling for the favorite or the underdog to earn the win in either regulation, overtime or a shootout. You do not need to worry about a team winning by a certain margin. It is simply a win outright, and that's it.
Money Line Bet Meaning
Similar to our Puck-line and 1st Period Odds, every contest on the board shows the Odds, Date and Time of the National Hockey League contests on the slate.
Hockey will list Favorites and Underdogs for that day's slate of games. The Money Line Odds will list the favorite with a (-) symbol, while the underdogs will be shown with a (+) symbol. The majority of betting sites online, as well as the betting apps, will simply do the math for you. However, it is a rather easy equation based upon a $100 wager.
Edmonton -160 (Bet $100 to win $62.50)
Arizona +145 (Bet $100 to win $145)
Money Line Bet Calculator
In the example listed above, Edmonton is listed as the strong favorite (-), while Arizona is the underdog (+). If a bettor making a wager picked the Oilers, favored to win, they would return just $62.50 on a $100 wager at minus-160. Many books also offer fractional odds, and in this instance the Oilers would be listed as a 5/8 favorite. The decimal format, particularly popular overseas, is also sometimes offered. The Oilers would be listed at 1.625 on the big board.
Moneyline Betting Calculator
With the Oilers listed as the favorite, the Coyotes are considered as the underdog. Bettors would receive a larger return on their initial stake with a victory. In the example above, a $100 winning wager on the Coyotes would fetch a total return of $245, which includes a $145 win and the original $100 stake. The fractional odds would be listed as 29/20, while the Coyotes would be shown at 2.45 with the decimal conversion.