Moneyline
What does "moneyline" mean in sports betting?
A moneyline bet is a wager on which team or fighter wins outright, with no point spread involved.
Moneylines are shown in American odds. The favorite has a minus number, which is how much you risk to win $100. The underdog has a plus number, which is how much you win on a $100 bet.
Because there's no spread, the price does all the work. Heavy favorites win often but pay little, so the question is never just "will they win" but "will they win more often than this price assumes."
Example
Chiefs -250 vs Dolphins +200. A $250 bet on Kansas City wins $100 profit; that price implies about a 71.4% chance. A $100 bet on Miami wins $200 profit; that price implies about 33.3%.
Related terms
Vig (juice)
The vig, also called juice or the hold, is the commission a sportsbook builds into its prices so it profits no matter which side wins.
Point spread
The point spread is a handicap that evens out a matchup: the favorite has to win by more than the spread, and the underdog covers by losing by less than it or winning outright.
Implied probability
Implied probability is the win chance a price suggests. It turns odds into a percentage so you can compare them with your own estimate.
American odds
American odds show how much you risk to win $100 (minus numbers) or how much you win on a $100 bet (plus numbers).
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