A money line bet is a type of sports wager where you simply pick which team you think will win the game. Unlike point spread bets where you bet on a team to win by a certain margin, in a money line bet, the odds are based solely on which team is expected to win. The odds are presented as either a positive or negative number.
- Positive Money Line: This indicates the amount of money that would be won on a $100 bet if the team wins. For example, if a team has a money line of +150, it means you would win $150 profit for a $100 bet if that team wins.
- Negative Money Line: This indicates how much you need to bet to win $100. For instance, if a team has a money line of -200, you would need to bet $200 to win $100 profit if that team wins.
Money line bets are common in sports like baseball, hockey, soccer, and boxing, where there may not be a point spread involved. They’re straightforward and popular among bettors who simply want to pick a winner without the complexity of point spreads.