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Digg it UP - Reading and Understanding Money Lines
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What Is the Money Line?
Like the point spread, the money line is used to equal out the attractiveness of the favorite and the underdog for the typical bettor.
Money line results are decided by an event's straight-up winner, without regard to any point spread, since there is no point spread. Oddsmakers set the money line so that more money must be risked on the favorite (the expected winner) and less money on the underdog in an effort to balance the willingness of bettors to back the respective sides of a contest.
For example, Emily's favorite tennis player Serena Williams wins a majority of her matches. The money line between Serena and her opponent, let's say the 102nd-ranked player in the world, would not be even for this very reason. Sportsbooks would make bettors wager significantly more money on Serena than her opponent because of the disproporti
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What Is the Money Line?
Like the point spread, the money line is used to equal out the attractiveness of the favorite and the underdog for the typical bettor.
Money line results are decided by an event's straight-up winner, without regard to any point spread, since there is no point spread. Oddsmakers set the money line so that more money must be risked on the favorite (the expected winner) and less money on the underdog in an effort to balance the willingness of bettors to back the respective sides of a contest.
For example, Emily's favorite tennis player Serena Williams wins a majority of her matches. The money line between Serena and her opponent, let's say the 102nd-ranked player in the world, would not be even for this very reason. Sportsbooks would make bettors wager significantly more money on Serena than her opponent because of the disproport
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Money line results are decided by an event's straight-up winner, without regard to any point spread, since there is no point spread. Oddsmakers set the money line so that more money must be risked on the favorite (the expected winner) and less money on the underdog in an effort to balance the willingness of bettors to back the respective sides of a contest.
For example, Emily's favorite tennis player Serena Williams wins a majority of her matches. The money line between Serena and her opponent, let's say the 102nd-ranked player in the world, would not be even for this very reason. Sportsbooks would make bettors wager significantly more money on Serena than her opponent because of the disproport
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For example, Emily's favorite tennis player Serena Williams wins a majority of her matches. The money line between Serena and her opponent, let's say the 102nd-ranked player in the world, would not be even for this very reason. Sportsbooks would make bettors wager significantly more money on Serena than her opponent because of the disproport
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How to Read the Money Line
In the case of Serena Williams versus an overmatched opponent, a reasonable money line would require Serena bettors to risk $400 to win $100; while a $100 bet on her opponent would win $360.
Here's how the money line would be listed: Serena Williams -400 / #102 Ranked Opponent +360
Every $400 bet on Serena nets a $100 profit if she wins (plus the return of the $400 risked). If her opponent pulls off the upset, $100 bet on the underdog would profit $360 (plus the return of the $100 risked).
Keep in mind that sportsbooks only make a commission (also known as juice or vigorish) when the favorite loses. So if Serena were to lose that match, the book pays off $360 to underdog bettors while collecting $400 from favorite bettors, for a $40 profit.
If Serena wins as expected, favorite bettors collect $100 while dog bettors lose $100 - resulting in zero profit for the bookmaker. The bigger the favorite, the less like
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