Sports betting fans that enjoy wagering on baseball and hockey can sometimes be confused by the numbers that are commonly used by the sportsbooks on their betting boards. The key concept that you should keep in mind is that hockey and baseball bets are usually available in the moneyline format rather than point spreads. This means that instead of seeing the Montreal Canadiens listed at -0.5 to beat the Buffalo Sabres, they will be listed at -120 on the moneyline. According to this number, the sports betting fan will have to wager $120 to win $100. It’s a simple concept to understand but for those that are still unsure, here is a look at how to bet on the moneyline.
Moneyline Wagers Explained
The moneyline wagers are usually available for every single sport but they are most popular in hockey or baseball, where the margins of victory are much smaller than in basketball or football. The smaller margins of victory are the key to why it makes sense to use the moneyline for baseball and hockey rather than point spread wagers. Baseball and hockey games tend to be lower scoring, with the teams each totaling single digits in runs or goals for the most part. It is a lot more likely that a hockey or baseball game will have a one-goal or one-run margin than be decided by multiple points, so it makes sense to have the moneyline wagers available for these sports.
Moneyline Betting In Baseball
The moneyline bet for baseball could look something like this:
Toronto Blue Jays -160
Tampa Bay Rays +140
The Blue Jays are the favorite in this scenario, so the sports betting fan would have to wager $160 to win $100. At the same time, anybody that believes the Rays will win the game could wager $100 to win $140. The sportsbooks will usually list the favorite at a greater negative number than the positive number they put for the underdog. It’s important to keep that in mind for both baseball and hockey wagers.
Moneyline Betting In Hockey
The moneyline bet for hockey could look something like this:
Calgary Flames +120
Anaheim Ducks -140
The numbers look very similar to the baseball moneyline wager. In this scenario, the Ducks are the favorite and you will have to risk $140 to win $100. Meanwhile, the Flames are listed at +120, so anybody that risks $100 on Calgary will win $120 if they win. The same basic concepts that apply to baseball apply to hockey as well when it comes to the moneyline wager.
The moneyline wager is extremely easy to understand and it can be an excellent way to make some serious money if you use it the right way. There are plenty of articles available online detailing when it makes the most sense to bet on favorites and when it makes the most sense to bet on underdogs, so it’s worth doing some extra research if you want to gain an edge. With the MLB playoffs right around the corner and the NHL regular season set to get underway, now is the best time to get in on the action when it comes to moneyline sports betting events.