MONEY LINE BETS - WAGER
This wager is simply a straight wager on which team will win the contest outright. However, the pay off odds for each team vary depending on which team is favored to win.
Rules:Pay off odds determine which team is favored, usually the favored team will have a "-" (minus) sign next to the odds. No sign, or a "+" (plus) placed before the line, would mean that the team is the underdog.On a double negative match-up, the highest of the negative lines id the favorite of the game.All lines are based on a $1.00 value. Meaning, for all negative lines, the price (on this decimal value) of the money line is what the customer wagers to win one dollar. For example: on a line of -170, the customer has to wager $1.70 to win $1.00.On a positive money line, the price (it's decimal value) of the money line is what the customer wins risking one dollar. On a line of +130, the customer would lay $1.00 for every $1.30 he/she wants to win.There are no set pay off odds, each team in a contest has different pay off odds for winningIncluding the point spread, if the wager results in a tie (push) then the wagered amount is refunded.The pay off odds are on either team are subject to change at any time. Once a wager is confirmed at the given odds, those are the odds for that wager regardless of subsequent changes.Example:
Let's assume you are really interested in wagering $100 on the Green Bay Packers in their game against the Denver Broncos. You really like Green Bay to win but your not sure if they can beat Denver by 5 points. A money line bet will let you bet the Packers without taking a chance with beating the point spread. Checking the lines posted on the contest you see the following:
Green Bay -170
Denver +150
Green Bay is the favored team here as noted by the "-170" under the money line bet. Selecting Green Bay to win on a money line wager for $100 will result in winning $158.82 (or odds of $170 wagered for each $100 won). For illustration purposes, on the opposite side, the underdog team Denver has 150 listed beside it, and translates into winning $250 for each $100 wagered on Denver to win the contest.