The money line is one of the most commonly known wagers when it comes to sports betting. Simply put, the money line is a wager between two teams, or two individuals, where the payout is determined by the final score of the game. For example, if a baseball game ends up being a tie, there is no payout for the bettor. But if the home team wins by one run, the bettor wins with a payout of two to one.
If you are new to this betting style, it can be a little tricky to understand fully what the money line is and how it works. Fear not! We have you covered on this front. In this article, we will discuss what the money line means, how it works, and more importantly, how to make the right choice and maximize your winnings when betting on the NFL (National Football League).
What Is The Money Line?
We know what you are thinking. You are wondering if there is more to the money line than just a simple bet between two teams. You would be correct! There is a lot more to it than meets the eye. Let’s take a closer look.
The money line is simply a wager where the payout is determined by the final score of the game. For example, if a baseball game ends up being a tie, there is no payout for the bettor. But if the home team wins by one run, the bettor wins with a payout of two to one.
The odds of winning with this type of bet are determined by the bettor, not the bookmaker. If they are smart, they will set the odds of the game so that it is slightly in their favor. But in the end, it is all about the math. If the math is done correctly, the bettor can make a small profit, but you will have to be patient and wait for the winning to come in. Of course, if the game is a blowout, waiting for the win can be quite the opposite. In that case, it is usually not a good idea to take this type of wager.
How Does The Money Line Work?
To properly understand the money line, you need to look into the odds of each team. The closer these odds are to evens, the more likely it is that the game will end up being a tie. For example, take a look at the New England Patriots vs. the Buffalo Bills football match. The money line for this game is:
Bills +1 Over/Under 44½ points (0.58) (+1) New England to win +½ point (0.5).
The odds of the Patriots winning are 1.5, while the over/under for the Bills are 44½. So basically, you are betting that the game will be settled in a tie. If you select this game to play, you will need to go over with your team, as the Bills are favored by one point. If you choose to lay the underdog, you stand a good chance of winning, provided that the game is within your means. (Note: In this case, the over/under would be set to 40 points, as the game is likely to be close.)
Which Is The More Effective Way To Bet The Money Line?
While there are many positive aspects to betting on the money line, there is one major drawback. If you want to be able to use this type of wager, you have to be able to select games that have a close outcome. If you are looking to place a wager on an NFL game and want to maximize your winnings, going over the money line is not the best option. For the sake of your bankroll, avoid betting on the money line if you can. (Note: If you are looking to place a wager and don’t have the money available, then you can always go under. In this case, the under/over would be set to 41 points, as the game is very likely to be within that range.)
On the other hand, betting on specific teams is very effective when maximizing your winnings. To prove it, let’s take a look at the 2018 NFL Draft Picks vs. the Point Spread (Buffs +1, Over/Under 6 points) and see which option you should choose.
Tricky position here. Both options are effective ways to go about it. If you want to maximize your winnings, consider laying the points, as the draft picks are +1 and that is exactly what you are looking for. Alternatively, you can choose to go over the underdog, as the Bears have a decent chance of upsetting the Rams.
What do you think? Which option do you think is more effective in maximizing your winnings when betting on the NFL?