You’ll see this is American odds -110 as just explained. The math here is 110/210=0.5238 (52.38%).ĭo not skip this exercise: Visit our odds converter and under required break even percentage enter 52.38%. The math for calculating this is risk/return=implied probability. Understand that all moneylines have an associated implied probability, which means how often they need to win to break even. It is a good thing you found this article as I’ll explain further. 450 / +350 when vig is removed is -368 / +368! If you’re thinking: what? wait? why? you are completely lost and lack understanding of the basics. Which wager -380 or +380 has higher expected value? Many bettors would say if the line is -450 / +350 this averages to -400 / +400, therefore -380 is the better bet. A friend says: “I’ll offer you either Patriots -380 or Jaguars +380, which would you like?” You are only concerned with having the maximum expected value. Question 2: All online betting sites are offering Patriots -450 / Jaguars +350. The second line has less juice (vig) than the first. Which of these two lines has more vig? To novice players the obvious answer is the Bears/Falcons because it is a 20 cent line as opposed to a 100 cent line. Question 1: Game 1= Bears -110 / Falcons -110. I’m going to explain the dynamics of moneyline betting multiple ways in the hope you’ll firmly grasp the concept and avoid making the same mistake. There’s a huge mistake many novice sports bettors make on a regular basis. Line shopping is the heart of moneyline betting strategy. It is still important to shop as many betting sites as possible including the three just mentioned in seeking the best price. Understand the websites above are best on average because they build less juice into their lines than competitors Justbet, Topbet and Bookmaker do. The sites offering better value are listed below. Many sites charge a lot of vig using 20+ cent lines. Where you bet moneylines online makes a difference. A dimeline means a 10 cent line (example: -150/+140) and a nickel line (rare) means a 5 cent line (example -120 / +115). Also if one site is offering -180 and another -176 one site is said to have a 4 cent better price.
Yankees -180 / Twins +160 is said to be a 20 cent line which is referring to gap between -180 and +160. Betting Moneylines Onlineįirst, understand bookmakers make their profit (vig) by shorting positive moneylines and inflating negative moneylines. To calculate for other bet amounts, just change the moneyline to a decimal and multiply for positive or divide for negative. +175 means risk $100 to win $175 profit and -183 means risk $183 to win $100 profit. A negative moneyline is how much a player needs to stake in order to win $100. A positive moneyline is how much profit a winning bet will pay per $100 staked. The odds can be expressed as either a positive or a negative. Understanding Moneyline Oddsįirst let me explain how the odds work. In this article I will explain how the odds work, introduce the websites with the best odds and explain the dynamics of this form of wagering in great depth. This is the most common way betting is done on baseball and hockey games and for basketball and football it is a popular alternative to point spread betting. Moneyline betting is an American term for the betting market match winner which is simply a wagering option for which team will win a match with no handicap involved.
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