The Moneyline Explained: How to Read Moneyline Odds
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Bettors will find the team names along with the point spread, moneyline odds, and total number of points scored in the game. The + and – signs in the lines will denote which team is the underdog and favorite in the match, respectively. Gamblers must decide whether the odds reflect the true value of the game. If so, bettors can then wager on the number of points a team will win/lose by or whether a particular team will win the game outright. They can also bet on the total number of points scored in the game.
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With the moneyline wagers, the favorite usually carries a minus sign next to the odds value. For the underdogs, their odds should have a positive value (+). An example of a moneyline wager is a competition involving 2 teams in the NBA (Lakers and Rockets). Apart from the movement due to betting action, external effects are also significant causes. Events like weather changes, injuries, goalies, or last-minute scratches are examples of what causes sports betting line movement. Sportsbooks also encourage bettors to wager on a particular selection if the betting volume is insufficient.
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They also provide an implied probability of each bet succeeding. Sportsbooks will assign a handicap to the stronger team (the moneyline favorite). It allows them to offer similar odds on either team covering it.
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Favorites immediately draw new bettors, but the rewards for backing this team will be significantly less than the underdog. The more likely a favorite is to win means bettors will receive proportionately lower payouts in return. The odds on these futures bets will change as the season wears on. If another team loses a key player to injury, its odds will drift out. Once again, you will find all sorts of alternate totals, which skew the odds in different directions. You can also bet on totals for individual halves and quarters, and sportsbooks offer team totals too.
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