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.
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.
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.
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. Your wager is either on the over or the under.
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.
How They Work. Moneyline wagers in basketball are bets on who you think is going to win the game. There are no point spreads to cover or any other stipulations; it all comes down to who wins the game. If you place a moneyline bet on the Orlando Magic and they win the game by 1 or 100 points, it doesn’t matter.
In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite. Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard's chances of winning are much greater.
The betting business has never been better. But despite this, it still seems like there are plenty of people out there who have absolutely no idea how betting lines actually work.