What Is Money Line On Bet365

admin  4/8/2022
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Money lines (also called American Odds) are one of the most common ways to bet on sports. They do not use a point spread, and are straight-up bets on who will win the game or event.

  1. Money line betting is simply wagering on the contest based on a given price rather than a point spread. The team wagered on has to win the game outright, regardless of the score. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100.
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To properly explain how to bet the money line, the first thing to understand is the difference between a negative and positive money line. Both money lines use $100 as the basis point for calculating payouts, but they’re calculated differently.

How to Calculate Money Line Payouts

A negative money line is indicated with a ‘-‘ in front of a number, like -230. The number represents the amount of money that would need to be wagered in order to win $100 in profit. So, a -230 money line would require a wager of $230 to win $100 more, for a total payout of $330 ($230 wager + $100 profit). Of course a $230 bet is not required, it’s just the basis for calculating the payout. With odds of -230, a $23 bet would return $10 in profit, or a $2.30 bet would return $1 in profit.

What Is Money Line On Bet365

A positive money line is indicated with a ‘+’ in front of a number. In this case, the number represents the amount that would be won from a $100 wager. So, a +170 money line means that a $100 wager would return $170 in profit, for a total payout of $270 ($100 wager + $170 profit = $270). A bet of $10 would result in a $17 profit, and a total payout of $27 ($10 wager + $17 profit = $27).

More About Negative Lines

Generally a negative money line represents the favored team in a match. There are exceptions to this and we’ll discuss that later. For now, think negative money line = favorite.

In most two-team games like football, baseball or soccer, one team will have a negative money line, and the opponent will have a positive money line. The team with a negative money line is the favorite, and the team with the positive money line is the underdog.

Example:

  • New England Patriots +140
  • Indianapolis Colts -160

In this case, the Colts are the favorite. It would take a bet of $16 to win $10 in profit, for a total payout of $26 ($16 wagered + $10 profit = $26). For the Patriots, as the underdog, it would only take a bet of $10 to win $14 in profit, for a total payout of $24 ($10 wager + $14 profit = $24).

Since the favored team is considered more likely to win, and because no handicap is being used, it takes a larger wager to win a smaller profit on them.

More About Positive Lines

In a 2-team game where one team has a positive money line, they are always the underdog. Since they’re underdogs, it requires a smaller wager to win a larger profit.

Example:

  • Pittsburgh Penguins +130
  • New York Rangers -150

In this case, a bet of $10 on the Penguins would result in a $13 profit if they win, for a total payout of $23 ($10 wager + $13 profit = $23). For the Rangers, it would take a bet of $15 to win $10 in profit, for a $25 total payout ($15 wager + $10 profit = $25).

Games Where Both Teams Are Negative

In games like baseball or football, it’s not uncommon to see both teams represented with a negative money line. When this happens, it means the teams are very closely matched.

For Example:

  • New York Yankees -113
  • Boston Red Sox -107

In the scenario above, the game is considered very close, with a slight edge towards the Yankees. It would require a bet of $113 to win $100 on the Yankees, or $107 bet to win $100 on the Red Sox.

Sports With Multiple Teams or Competitors

Of course there are sports with multiple competitors in a single event, like horse racing, Olympic events, and golf. This is also the case in futures bets, where the handicapper is choosing between multiple teams to win a seasonal champion.

In this case, there will generally be one favorite, indicated with a negative money line, and the rest of the field will have positive money lines. Sometimes, when there are no clear favorites, there may not be a single competitor with a negative money line. In this case, the competitor with the lowest positive money line is favored.

Example:

Tiger Woods +600
Phil Mickelson +850
Martin Kaymer +1300
Lee Westwood +1600
Steve Stricker +2300

In this case, Tiger Woods is the favorite, but he has a positive money line. A bet of $10 on him would result in a $60 profit if he wins. A bet of $10 on Steve Stricker would result in a $230 profit if he were to win.

Converting Moneyline Odds to Fractional Odds

We all learned how to do fractions in elementary school, and once you understand money line odds, the conversions are simple.

How to Convert Positive Money Lines to Fractional Odds

To convert a positive money line into fractional odds, divide the number in the money line by 100.

Examples:

  • +250 Money Line: 250/100 = 2.5/1 (5/2) Fractional Odds

What Is Money Line On Bet365 Live

  • +400 Money Line: 400/100 = 4/1 Fractional Odds
  • +650 Money Line: 650/100 = 6.5/1 (13/2) Fractional Odds

How to Convert Negative Lines to Fractional Odds

To convert negative money lines to fractional odds, divide the number in the money line by 100. Put that number on the right side of a fraction which begins with ‘1/’. Some numbers on the right side of the fraction will have a decimal in them. Since decimals are not used in fractional odds, they are removed by multiplying both numbers in the fraction by 2.

Examples:

  • -200 Money Line: 200/100 = 2. Put the 2 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/2.
  • -350 Money Line: 350/100 = 3.5. Put the 3.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/3.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/7 fractional odds.
  • -650 Money Line: 650/100 = 6.5. Put the 6.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/6.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/13 fractional odds.

Converting to Decimal Odds

Positive money lines show the profit that would be won from a $100 bet, not including the original wager. Negative money lines show the wager required to win $100 in profit. Neither of these reflect the total payout. This is different in decimal odds.

Using decimal odds, a handicapper can easily calculate their entire payout. For example, a team with decimal odds of 3.0 would be multiplied by the wager amount to calculate the entire payout. A $20 bet with 3.0 decimal odds would pay out a total of $60 ($20 x 3.0 = $60).

The calculation to convert a positive money line to decimal odds is different from the calculation of a negative money line to decimal odds. Here’s how they convert:

How to Convert a Positive Money Line to Decimal Odds

To convert a positive money line to decimal odds, divide the money line by 100, then add 1.

Examples:

  • +200 / 100 = 2 + 1 = 3.0 Decimal Odds
  • +350 /100 = 3.5 +1 = 4.5 Decimal Odds
  • +625 / 100 = 6.25 +1 = 7.25 Decimal Odds

Negative Lines to Decimal Odds

To convert a negative money line to decimal odds, start with the number 100 and divide it by the number in the money line, then add 1.

Examples:

  • -200 Money Line: 100 / 200 = .5 +1 = 1.5 Decimal Odds
  • -350 Money Line: 100 / 350 = .286 +1 = 1.286 (1.29) Decimal Odds
  • -625 Money Line: 100 / 625 = .16 +1 = 1.16 Decimal Odds

Pros & Cons of Money Line Bets

When compared to a point spread, for the underdog, the benefit of a money line bet is the increased odds a handicapper receives. For the favorite, the benefit is that no handicap is given to the underdog, making it more likely their bets will win.

What Does Money Line Mean On Bet365

For the underdog, the negative is that they don’t receive a handicap, making it more difficult to win these bets. For the favorite, the negative is that the punter receives lower odds than they do when they’re giving up points on the spread.

Comparing the money line to the run line in baseball or puck line in hockey, the benefit ‘can’ be slightly reduced juice (vig, or commission). For example, many online sportsbooks charge a 5% vig on baseball or hockey money line bets. However, it’s harder to find reduced juice on run lines and puck lines, where punters normally pay 10% vig. Over the course of a season and a lot of bets, 5% can be the difference of being a winning or losing handicapper.

Money lines are the most popular way to bet on MLB baseball and NHL hockey, so the lines can move dramatically from the time they’re posted to the time they close. If you know how to watch lines move and predict where they’re going, money lines can offer a lot of value. For example, when betting on big underdogs in baseball, the best money line odds can often be found as soon as the lines open – before other bettors see the same value you do and bring the odds down. For big favorites, it’s often best to wait until 1-2 hours before game time. For big games with a lot of action, sharp bettors often place big wagers just before a game, which can also create optimal betting opportunities.

For casual bettors, money line bets are easier to make. There is no point spread to mull over, and all that matters is that you choose the winner.

A 3-way bet is a type of bet with three potential outcomes. These outcomes are usually team A win, draw or team B win. A 3-way bet is also commonly referred to as a 1×2 bet (team 1, draw (x), team 2), but I will refer to it as 3-way betting for the rest of this article, which is the more common term here in Canada.

3-way betting is especially popular for games that have the potential to end in draws, such as soccer matches. You will also see 3-way lines available for hockey games as a regulation time bet, and many other sports where draws are possible such as football, boxing, golf head-to-head, etc.

Soccer Example

Here is an example of a 3-way betting line from Bet365.com for a match between Chelsea and Manchester City.

  • Chelsea 2.90
  • Draw 3.30
  • Manchester City 2.37

At Bet365 this bet was listed as “Full Time Result”. In addition to 3-way, 1×2 and full time result, you may also see 3-way bets referred to as “regulation time bet”.

In the above example, there are three possible outcomes in the match and odds associated with each outcome: Chelsea winning, Draw or Manchester City winning.

A 3-way bet is the exact same as a typical money line bet in terms of the odds and associated payout. The only difference is that there are three potential outcomes instead of two.

Hockey Example

This wouldn’t be much of a how to guide for Canadians if we didn’t include a hockey example of a 3-way bet.

Bet365 Online Sports Betting Live

I will often bet the 3-way line in hockey rather than the money line in order to get a larger payout when I’m confident in a team winning in regulation.

What Does It Mean To Bet On Moneyline

Here’s an example from the battle of Alberta:

What Is Moneyline On Bet365

As you can see the bet is labeled as “regulation time” at Sports Interaction. This means that the bet does not include overtime, which allows it to have three possible outcomes: Calgary winning, a tie or Edmonton winning.

What Is Money Line On Bet365 App

In this example, Edmonton is the favourite to win the game, and they are still under a 2/1 favourite to win in overtime. To give you an idea of the difference in return you can win by betting the regulation line instead of the money line, in this example Edmonton’s odds to win the game straight up (including overtime) are 1.56. So if you like Edmonton, including a win in overtime will get you a $56 win on a $100 bet, while wagering on them to get the job done in regulation would win you $91 on a $100 bet. As you can see if you like a team to win the game before the coin flip that is OT and a shootout, then the regulation line can provide value.