What Does ML Mean in Betting?

In the world of sports betting, ML (Major League) usually stands for the major sports leagues in North America and Europe. You will typically see the NBA (National Basketball Association), the MLB (Major League Baseball), the NHL (National Hockey League), and the UEFA Champions League (European Football Association) shown as multi-year leagues.

Additionally, the NCAA (National Collegiate Athletic Association) and the Premier League (English Football League) also frequently have their seasons classified as multi-year.

Let’s take a look at what ML means in terms of betting. The following table will tell you the betting lines and trends for the four major sports leagues during the 2018-19 season. The data is taken from vegas.com and thisisinsider.com.

NBA Regular Season Lines Moving Forward

The NBA season has begun and bookmakers are adjusting their lines accordingly. The Toronto Raptors are currently 7/2 (1.75) to win the whole thing, while the Philadelphia 76ers are 16/1 (4.0) to win it all. We’ll get to that in a bit.

The 2019 NBA regular season runs from October to April, with the playoffs following in May. The following stats and odds are from vegas.com and thisisinsider.com:

Over/Under

One of the most popular sports betting markets is the over/under statistic. Here, you’ll either have to bet on the number of goals or points that will be scored in the upcoming game. A lot of gamblers like this type of wager due to its simplicity. If you’re new to sports betting, you may find it easier to enter this market than the others. Also, since goals and points are more readily available, this makes it easier for gamblers to place winning bets. The over/under statistic is usually available for basketball, football, and hockey, though other sports sometimes offer this bet as well. For example, the MLB (Major League Baseball) allows betting on batting averages for individual players. Let’s take a look at the 2019 NBA regular season goals over/under market:

Under

Under bets are those where you put money on a team or player to score fewer (or equal) goals or points than the total number of goals or points scored in the game (for example, if the total number of goals in a game is 35 and you bet on under, you’re expecting the score to be below 35).

This type of bet is generally regarded as less favorable than the over bet because you’re not sure if the bettor’s pick will win or lose. You’ll notice that the under/over ratio for the 2019 NBA season is 33/67, meaning there are more under bets than over bets.

Points

Points are how basketball games are typically decided. The scoring champ is usually the team that accumulates the most points at the end of the game. The following stats and odds are from vegas.com and thisisinsider.com:

Moneyline

The moneyline is where you’ll find an odds comparison between two teams. For example, the Toronto Raptors are -155 (2.0) against the +105 (1.5) Philadelphia 76ers in the 2019 NBA odds. The minus sign before the number means the Toronto Raptors are being favored to win, while the plus sign means Philadelphia is getting the nod.

First Half / Second Half

Half bets are those where you predict whether the game will be decided in the first or second half. You’ll often see this type of bet for football, hockey, and basketball games. The main difference between the first and second half is the amount of time that is remaining in the game. So, if you think the game will be close at the end, you may choose to bet on first half/second half, where you predict which half of the game will be the most important to the outcome.

2019-20 NBA Season Goals

We’ll begin our discussion of what ML means in terms of betting with the 2019-20 NBA season. This is a common season for betting on sports, with a lot of money going on the NBA. As mentioned, the season runs from October to April with the playoffs following in May. Let’s get to the point where we can start making some money off this year’s NBA season.

Over/Under

One of the most popular sports betting markets is the over/under statistic. Here, you’ll either have to bet on the number of goals or points that will be scored in the upcoming game. A lot of gamblers like this type of wager due to its simplicity. If you’re new to sports betting, you may find it easier to enter this market than the others. Also, since goals and points are more readily available, this makes it easier for gamblers to place winning bets. The over/under statistic is usually available for basketball, football, and hockey, though other sports sometimes offer this bet as well. For example, the MLB (Major League Baseball) allows betting on batting averages for individual players. Let’s take a look at the 2019 NBA regular season goals over/under market:

Over

If you chose to bet on the Toronto Raptors, you would have placed an over (or winning) bet. The Raptors have been covered in this article, but it’s important to note that most bookmakers offer slightly different lines on this year’s teams. For example, the Raptors are 5/2 (1.25) to win the whole thing, while most books have them at 7/2 (1.75). A win here would mean you’ve made a profitable wager and you can probably move on to the next game.

Over bets are decided by the total number of goals or points scored in the game. If you chose to bet on the 76ers, you would have placed an under (or losing) bet. The following are the 2019 NBA regular season stats and odds:

Under

Under bets are those where you put money on a team or player to score fewer (or equal) goals or points than the total number of goals or points scored in the game (for example, if the total number of goals in a game is 35 and you bet on under, you’re expecting the score to be below 35).

This type of bet is generally regarded as less favorable than the over bet because you’re not sure if the bettor’s pick will win or lose. You’ll notice that the under/over ratio for this year’s NBA season is 33/67, meaning there are more under bets than over bets.

First Half / Second Half

Half bets are those where you predict whether the game will be decided in the first or second half. You’ll often see this type of bet for football, hockey, and basketball games. The main difference between the first and second half is the amount of time that is remaining in the game. So, if you think the game will be close at the end, you may choose to bet on first half/second half, where you predict which half of the game will be the most important to the outcome.

2019-20 NBA Season Points

We’ll now move to the point portion of our article, where we’ll discuss what does ML mean in terms of points scored in a game. The following stats and odds are from vegas.com and thisisinsider.com:

Moneyline

The moneyline is where you’ll find an odds comparison between two teams. For example, the Toronto Raptors are -155 (2.0) against the +105 (1.5) Philadelphia 76ers in the 2019 NBA odds. The minus sign before the number means the Toronto Raptors are being favored to win, while the plus sign means Philadelphia is getting the nod.

First Half / Second Half

Half bets are those where you predict whether the game will be decided in the first or second half. You’ll often see this type of bet for football, hockey, and basketball games. The main difference between the first and second half is the amount of time that is remaining in the game. So, if you think the game will be close at the end, you may choose to bet on first half/second half, where you predict which half of the game will be the most important to the outcome.