Money lines (also called American Odds) are one of the most common ways to bet on sports. They do not use a point spread, and are straight-up bets on who will win the game or event.
To properly explain how to bet the money line, the first thing to understand is the difference between a negative and positive money line. Both money lines use $100 as the basis point for calculating payouts, but they’re calculated differently.
How to Calculate Money Line Payouts
A negative money line is indicated with a ‘-‘ in front of a number, like -230. The number represents the amount of money that would need to be wagered in order to win $100 in profit. So, a -230 money line would require a wager of $230 to win $100 more, for a total payout of $330 ($230 wager + $100 profit). Of course a $230 bet is not required, it’s just the basis for calculating the payout. With odds of -230, a $23 bet would return $10 in profit, or a $2.30 bet would return $1 in profit.
A positive money line is indicated with a ‘+’ in front of a number. In this case, the number represents the amount that would be won from a $100 wager. So, a +170 money line means that a $100 wager would return $170 in profit, for a total payout of $270 ($100 wager + $170 profit = $270). A bet of $10 would result in a $17 profit, and a total payout of $27 ($10 wager + $17 profit = $27).
Quite simply, what run line is to baseball betting, puck line is to hockey betting in terms of bet types. So, if you’re still a little bit confused, a puck line bet attempts to level the playing field by giving the underdog an advantage and the favorite a disadvantage. Puck Line Total Money Line With the money line, you are betting on who you think will win the game straight up. With the 'total', you are betting on how many goals you think will be scored in a game. For instance, if you think that Pittsburgh and Chicago are going to score a bunch of goals, you would probably want to bet on the 'Over' if the.
More About Negative Lines
Generally a negative money line represents the favored team in a match. There are exceptions to this and we’ll discuss that later. For now, think negative money line = favorite.
In most two-team games like football, baseball or soccer, one team will have a negative money line, and the opponent will have a positive money line. The team with a negative money line is the favorite, and the team with the positive money line is the underdog.
- New England Patriots +140
- Indianapolis Colts -160
In this case, the Colts are the favorite. It would take a bet of $16 to win $10 in profit, for a total payout of $26 ($16 wagered + $10 profit = $26). For the Patriots, as the underdog, it would only take a bet of $10 to win $14 in profit, for a total payout of $24 ($10 wager + $14 profit = $24).
Since the favored team is considered more likely to win, and because no handicap is being used, it takes a larger wager to win a smaller profit on them.
More About Positive Lines
In a 2-team game where one team has a positive money line, they are always the underdog. Since they’re underdogs, it requires a smaller wager to win a larger profit.
- Pittsburgh Penguins +130
- New York Rangers -150
In this case, a bet of $10 on the Penguins would result in a $13 profit if they win, for a total payout of $23 ($10 wager + $13 profit = $23). For the Rangers, it would take a bet of $15 to win $10 in profit, for a $25 total payout ($15 wager + $10 profit = $25).
Games Where Both Teams Are Negative
In games like baseball or football, it’s not uncommon to see both teams represented with a negative money line. When this happens, it means the teams are very closely matched.
- New York Yankees -113
- Boston Red Sox -107
In the scenario above, the game is considered very close, with a slight edge towards the Yankees. It would require a bet of $113 to win $100 on the Yankees, or $107 bet to win $100 on the Red Sox.
Sports With Multiple Teams or Competitors
Of course there are sports with multiple competitors in a single event, like horse racing, Olympic events, and golf. This is also the case in futures bets, where the handicapper is choosing between multiple teams to win a seasonal champion.
In this case, there will generally be one favorite, indicated with a negative money line, and the rest of the field will have positive money lines. Sometimes, when there are no clear favorites, there may not be a single competitor with a negative money line. In this case, the competitor with the lowest positive money line is favored.
Tiger Woods +600
Phil Mickelson +850
Martin Kaymer +1300
Lee Westwood +1600
Steve Stricker +2300
In this case, Tiger Woods is the favorite, but he has a positive money line. A bet of $10 on him would result in a $60 profit if he wins. A bet of $10 on Steve Stricker would result in a $230 profit if he were to win.
Converting Moneyline Odds to Fractional Odds
We all learned how to do fractions in elementary school, and once you understand money line odds, the conversions are simple.
How to Convert Positive Money Lines to Fractional Odds
How to win every time at roulette. To convert a positive money line into fractional odds, divide the number in the money line by 100.
- +250 Money Line: 250/100 = 2.5/1 (5/2) Fractional Odds
- +400 Money Line: 400/100 = 4/1 Fractional Odds
- +650 Money Line: 650/100 = 6.5/1 (13/2) Fractional Odds
How to Convert Negative Lines to Fractional Odds
To convert negative money lines to fractional odds, divide the number in the money line by 100. Put that number on the right side of a fraction which begins with ‘1/’. Some numbers on the right side of the fraction will have a decimal in them. Since decimals are not used in fractional odds, they are removed by multiplying both numbers in the fraction by 2.
- -200 Money Line: 200/100 = 2. Put the 2 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/2.
- -350 Money Line: 350/100 = 3.5. Put the 3.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/3.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/7 fractional odds.
- -650 Money Line: 650/100 = 6.5. Put the 6.5 on the right side of a fraction beginning with 1/, resulting in fractional odds of 1/6.5. Multiply both numbers in the fraction by 2 to remove the decimal = 2/13 fractional odds.
Converting to Decimal Odds
Positive money lines show the profit that would be won from a $100 bet, not including the original wager. Negative money lines show the wager required to win $100 in profit. Neither of these reflect the total payout. This is different in decimal odds.
Using decimal odds, a handicapper can easily calculate their entire payout. For example, a team with decimal odds of 3.0 would be multiplied by the wager amount to calculate the entire payout. A $20 bet with 3.0 decimal odds would pay out a total of $60 ($20 x 3.0 = $60).
The calculation to convert a positive money line to decimal odds is different from the calculation of a negative money line to decimal odds. Here’s how they convert:
How to Convert a Positive Money Line to Decimal Odds
To convert a positive money line to decimal odds, divide the money line by 100, then add 1.
- +200 / 100 = 2 + 1 = 3.0 Decimal Odds
- +350 /100 = 3.5 +1 = 4.5 Decimal Odds
- +625 / 100 = 6.25 +1 = 7.25 Decimal Odds
Negative Lines to Decimal Odds
To convert a negative money line to decimal odds, start with the number 100 and divide it by the number in the money line, then add 1.
- -200 Money Line: 100 / 200 = .5 +1 = 1.5 Decimal Odds
- -350 Money Line: 100 / 350 = .286 +1 = 1.286 (1.29) Decimal Odds
- -625 Money Line: 100 / 625 = .16 +1 = 1.16 Decimal Odds
Pros & Cons of Money Line Bets
When compared to a point spread, for the underdog, the benefit of a money line bet is the increased odds a handicapper receives. For the favorite, the benefit is that no handicap is given to the underdog, making it more likely their bets will win.
For the underdog, the negative is that they don’t receive a handicap, making it more difficult to win these bets. For the favorite, the negative is that the punter receives lower odds than they do when they’re giving up points on the spread.
Comparing the money line to the run line in baseball or puck line in hockey, the benefit ‘can’ be slightly reduced juice (vig, or commission). For example, many online sportsbooks charge a 5% vig on baseball or hockey money line bets. However, it’s harder to find reduced juice on run lines and puck lines, where punters normally pay 10% vig. Over the course of a season and a lot of bets, 5% can be the difference of being a winning or losing handicapper.
Money lines are the most popular way to bet on MLB baseball and NHL hockey, so the lines can move dramatically from the time they’re posted to the time they close. If you know how to watch lines move and predict where they’re going, money lines can offer a lot of value. For example, when betting on big underdogs in baseball, the best money line odds can often be found as soon as the lines open – before other bettors see the same value you do and bring the odds down. For big favorites, it’s often best to wait until 1-2 hours before game time. For big games with a lot of action, sharp bettors often place big wagers just before a game, which can also create optimal betting opportunities.
For casual bettors, money line bets are easier to make. There is no point spread to mull over, and all that matters is that you choose the winner.
How Does Puck Line Betting Work
Hockey, the all fast and yet cold/winter sport of the World, is a game who is getting more and more attention when it comes to betting, especially with hardcore games happening within the National Hockey League (NHL), and the latest World events, such as the Winter Olympics, the Hockey World Cup, and more. As a sport growing in betting popularity, it obviously comes with a wide variety of different types of hockey bets to choices from, such as hockey puck line betting.
The first point to make note of is that in hockey puck line betting you will see the point spread representing the favorite (team most likely to win according to the online sportsbooks) and the underdog (team less likely to win according to the online sportsbook) by a simple plus or minus sign next to them. The ‘underdog’ is usually accorded with a plus sign while the ‘favorite’ is given the minus sign both at the puck line odds, and the money line too. Secondly, these puck line odds/numbers represent how many goals the ‘favorite’ team must win by or vice-versa, how many goals the ‘underdog’ can lose by. It will all make much better sense once we get over to the example below.
Puck Line Betting Explained Chart
* Please see illustration below to help understand puck line bets, text explanation follows.
The hockey puck line is quite simple to understand and is similar to point spreads, with the addition of the hockey money line in it too. Looking at the example, you will need to bet $155 at the Detroit Red Wings to win $100 since they are the favorite, and you will only need to bet $100 to win $210 with the Nashville Predators, as they as the underdogs, less likely to win, and hence, will give you a higher possible payout if they do win – very tempting, right?
Example of a Puck Line:
Detroit Red Wings -1.5 (-155)
Nashville Predators +1.5 (+210)
The bet above illustrates that If you were to bet on the Detroit Red Wings’ puck line, you are betting that they will win by at least 2 goals (giving 1.5 in goal advantage to the Predators). If you were to side with the Nashville Predators, then that means they must either win or lose by no more than 1 goal for you to win your bet.
Take note, the .5 in the puck line point spread above is used to eliminate any possibilities of a tie happening, which would end up in a ‘push’, or in other words, the online sportsbooks returning the money to the bettors as a ‘no action’ bet. Puck lines are almost always available to bet on; however, if a game is too evenly matched according to the odds-makers, unfortunately there will not be one available to bet on.
Puck Line Betting Explained Worksheet
Puck Line Hockey Betting Strategies and Tips
Although sometimes you would like to go with your gut feeling in betting our odds there are still a number of hockey puck line betting strategies and tips you should consider and which should work for you.
Some of the basics, yet, quite important and forgotten about by many bettors, is to research. Go through our list of recommended sportsbooks at www.OnlineBetting.com and look through their puck line odds, see which will give you a better payout if not a better opportunity to win according to your facts on the teams and game. That is where the other part of research fall under; research the teams, the statistics for home games vs. away games, injuries, replacements, did they just come from another game? Would they be tired? Is their goaltender in a current Hot Streak? There are a lot of things to account for and think about so make sure you keep researching until you are confident on your bet.
Puck Line Betting Explained For Dummies
When it comes to hockey puck line betting tips, there is nothing better than research, that way you will know if a strong team, the favorite, will score as they usually do in case their most valuable players (MVP) is missing from the ice, for example. All considered, there is no better way of learning than by trial and error.