How the moneyline works
You are only picking the winner. A -160 favorite means risk $160 to win $100; a +140 underdog means win $140 on $100. Because you do not have to cover a spread, favorites are cheaper to back on the run line or point spread, while underdog moneylines pay a premium for the outright win.
A worked example
A team is -150 on the moneyline. A $150 bet wins $100 if they win by any margin. The opponent at +130 would win $130 on a $100 bet. One-run wins, buzzer-beaters and overtime all cash a moneyline the same as blowouts, which is why underdog moneylines are popular in low-scoring sports.
Moneyline vs spread
Take the moneyline when you think an underdog wins outright or when a favorite is not certain to cover a spread. Take the spread or run line when you want a better price on a favorite you expect to win comfortably. Comparing where the public and the sharp money sit in each market helps you pick the better number.
Frequently asked questions
How do I compare moneyline prices between sportsbooks?
Convert each price with the odds converter, then check the market-implied probability on the no-vig calculator. A moneyline that pays more than the fair line implies is the one to bet; the betting splits board shows whether the public has already pushed that price.
What does a moneyline bet mean?
You are betting only on who wins, with no spread. The favorite has minus odds, the underdog has plus odds.
Is the moneyline better than the spread?
It depends on the game. The moneyline is best on outright-underdog plays and on favorites you doubt will cover; the spread pays more on comfortable favorites.
Related terms
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