Sports

Moneyline

Also known as:MLmatch winner (UK)

Definition

A moneyline is a straight bet on which side wins a game outright, with no point spread involved, priced using American odds that show favorites as a negative number and underdogs as a positive one.

In Detail

A moneyline is the simplest bet on a sportsbook's board: pick which team or player wins, with no scoreline math attached. American odds set the price. A minus sign marks the favorite and tells you how much you'd need to risk to profit $100, so a team at -220 needs a $220 bet to net $100 if it wins. A plus sign marks the underdog and tells you what a $100 bet would profit, so a team at +180 turns a $100 wager into $180 of profit on a win. Baseball and hockey bettors lean on moneylines more than football or basketball bettors do, mostly because low-scoring, one-goal or one-run games don't lend themselves to a clean point spread the way a blowout-prone sport does. Outside the US, the same bet usually goes by "match winner" or "match bet," and it's priced in fractional or decimal odds instead of the plus/minus format, so a UK sportsbook might list the same matchup as 4/11 rather than -275. Say the Chiefs are -275 to beat the Broncos, who sit at +220. A $275 bet on Kansas City nets $100 in profit if they win by any margin, even by a single point in overtime, since moneylines ignore margin entirely. Denver only needs a win. A $100 bet on the Broncos pays $220 if they pull off the upset, and neither side cares about the final score, only who's ahead when the clock hits zero, which is exactly what separates a moneyline from a point spread wager.

Examples

Betting the favorite

Kansas City is priced at -275 to beat Denver. A $275 wager on the Chiefs profits $100 if they win by any margin, so the total payout on a win is $375, the $275 stake plus $100 profit.

Betting the underdog

Denver sits at +220 in the same game. A $100 bet on the Broncos profits $220 if they pull off the upset, for a total payout of $320.