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The Power of the Moneyline

by Bodog Sportsbook | Jul 17 2007

Just about every sports bettor on the planet understands and bets on point spreads, but only a fraction understand and bet on moneylines. It is an even smaller percentage of bettors that can recognize when a moneyline is presenting value and play accordingly.

As a starting point for those that have yet to try and figure out moneylines, here is a quick primer. More experienced bettors can skip to the next paragraph. Reading a moneyline is very simple. A typical moneyline would be something like Denver Broncos -165, Miami Dolphins +145. The -165 means you must risk $165 to win $100 on the Broncos while the +145 means you get back $145 for each $100 risked should the Dolphins win outright.

Football Player

Any (-) number means that is the risk to win $100 and any (+) number is the payoff for risking $100. It is that simple. In the event of a tie, all moneyline wagers are settled as a Push and monies are refunded. Bettors seldom lay the big price and then the House sometimes takes big hits when the big upsets come in.

All right, now we can talk about value. Not every moneyline will present an opportunity, but be sure to compare the moneylines and corresponding spread. Wagering is a game of supply and demand. Going against the public trends will lead to you getting better prices on all your plays and you will be more profitable in the long run.

Bet on Moneylines at Bodog Sportsbook

TAGS: Sports Betting Strategies