Basketball Money Line Odds and Betting Betting the “ML” simply means picking who you think will win out-right. The only caveat is that you will need to wager more on a favorite to receive a substantial payoff, while a winning underdog comes with a better payout.
For example, a –200 money line means you would win $100 if you bet $200 and won. It is also equivalent to fractional odds of 1/2 and decimal odds of 1.5. What does +5.5 mean in betting basketball? This is because the sportsbooks want to avoid a push, which is when there is a tie (for example, the line is -5 and it lands on that number).
How do point spreads work in basketball? The point spread is the most popular way to wager when it comes to betting basketball odds. In its simplest form, the point spread levels the playing field ...
With the moneyline, if a team is listed on the plus side that tells you how much you will win on a $100 wager. When a club is posted in the negative that tells you how much you have to bet to win $100. With Boston at +120, you would bet $100 to win $120 and with Miami at -140, you must wager $140 to win $100.
With college basketball odds the last number you will see, which is posted to the right, is the over/under. As it is with the spread, they may not be expressed as a whole number. The over/under represents the total number of points that may be scored in the game.
The basic idea behind betting on NBA basketball is placing a real-money wager on an outcome with specific odds and payout determined by the house. Should the wager prove successful, the bettor is paid their winnings (initial bet amount + profit) from the house at the predetermined payout agreed to at the time of the wager.
Sports books determine a favorite and an underdog, then assigns each one with a point total. The bettor then wagers on which team he or she thinks will cover the spread. Example: Boston –7.5. Detroit +7.5. In the above example, Boston is a -7.5 point favorite, while Detroit is considered a +7.5 point underdog.
The moneyline represents the chance percentage a team has of winning the basketball game. The moneyline is also referred to as odds. Betting on the money line is simply betting on who will win the game. In the moneyline odds, the favored team will have a negative number and underdog will have a positive number.