Who doesn’t love rooting for the big underdog to pull off the upset? Can You Bet on the Moneyline and Spread? These bets have big payouts and a small chance of happening. The advantage in terms of entertainment value for the moneyline comes from big underdog moneyline bets. In terms of entertainment value, spread bets could also have an edge as it is more likely each game you bet on has an outcome close to the spread, making bets on each side very exciting. If you want to roughly have a 50% chance of winning your bet, then a point spread bet is better. If you are a conservative bettor and want to win more often at a lower payout, then moneyline favorites are better. If you want to bet on big underdogs hoping for a big payout, then a moneyline bet is better. Moneyline and spread bets are very different, so it depends on your goals. Which is a Better Bet – Moneyline or Spread? Ultimately you will pay the vig on every bet, so you need to take that into account as well. If you were betting on point spreads at -110, then you are much more likely to have a longer runway due to a higher percentage chance of winning each bet. If each of those 20 bets was on heavy underdogs (ex: +500), then you may deplete your bankroll too fast. While that may seem unlikely, it is dependent on the odds you are betting at.
This means that if you lost your first 20 bets, you would be out of money. Your bankroll and the amount (% of bankroll) you are putting down on each bet could inform whether you choose moneyline or spread bets.įor example, say you have a $100 bankroll and are betting $5 per game. Choose Your Bets According to Your Bankroll With point spread bets, you will be much closer to a 50% win percentage over the long haul. With moneyline bets, you are more likely to win your bet if you are betting on favorites and more likely to lose betting on underdogs. The main difference between moneyline and spread bets are the odds associated with each. If you have confidence that a moneyline might be off compared to a listed point spread, then it might make sense to go with a moneyline bet. While moneyline and spread bets are highly correlated, you may spot some inefficiencies between the lines. There are a few things to consider when deciding between a moneyline vs spread bet. Since the moneyline can be converted to an implied win percentage, it can be a good check to see how likely a given bet is to win. Many sportsbooks won’t typically offer moneyline odds at such extremes. Moneyline odds can vary from as low as -10000 to +10000 or more. Most point spread odds will be your standard -110. Moneyline bets have more extreme odds compared to the point spread. 110 on the spread (52.4% implied probability, getting 8 points). The Texans were +300 on the moneyline (25% implied probability) vs. To get these payouts, you can use the odds calculator.Īs you can see, betting on the point spread levels the playing field. spread bet on this game, here are how the scenarios would have played out ($10 bet): To understand the different scenarios of placing a moneyline vs. Let’s say the final score ends with Colts 28, Texans 24. The Colts moneyline is -375 while the Texans moneyline is +300. Indianapolis Colts at Houston Texans have a spread of 8.
The main difference between a moneyline and spread bet is the result required for you to win your bet.Ī moneyline bet means the side you choose needs to win.Ī point spread bet means that the side you choose needs to win or lose by a certain number of points for you to win your bet. While some differences are obvious, there are many that you might not be aware of. What is the difference between a moneyline and spread bet?
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