Are points spread and moneyline bets better? Betting on a single sports has many benefits (as opposed to only accessing parlay bets).
Parlays can be rewarding and profitable, but they are complicated bets to win returns consistently with.
Single game bets get referred to as props. These bets offer a much higher chance of making profits.
With a single game bet, all results stand-alone, with no involvement or dependence on other results. This is the opposite of point spread bets.
To help you make the next move, check out this guide on point spread bets and money line bets.
Why Point Spreads and Money Line Bets Are Popular in The US
The online sports betting industry continues to expand within the United States. Traditional bets still seem to hold the attention of most players.
The most popular sports betting bets still remain as money line and spread bets.
If you are new to sports betting, these two betting options should be your first focus. Once you master them, you can explore different options when it comes to sports betting.
What Is A Moneyline Bet?
The moneyline bet is the most elementary betting option in the sports betting scene. To get it right, you simply need to bet on the team which will win a particular match.
This is a great option for live bettors just starting out as it is the easiest to narrow down results with.
What Are The Cons of Moneyline Bets?
The downside of moneyline bets is that the payouts are usually smaller than most other bets. When betting on a moneyline bet, you have two options.
How to Bet On Moneyline Bets?
First, you can bet on the expected winner, or alternatively, you can bet on the underdog. Picking to bet on the underdog can result in bigger profits than sticking with the safe route of the favorite. This can be risky.
To help you, here is an example of what a money line bet looks like.
Chicago Bulls -175
Milwaukee Bucks +195
Looking at this example, we can identify that the Chicago Bulls are the favorite, while Milwaukee Bucks are the underdogs. If you were to wager $100 on the Chicago Bulls, you would win $175.
On the other hand, if you were to bet the more risky bet of the underdog, with $100, you could win a $195 return. Although the results appear better, you have better odds of winning by backing the favorites.
What Is A Point Spread Bet?
Point spread bets, or “betting against the spread”, is an extremely popular betting option amongst sports bettors and is favored among soccer and basketball enthusiasts.
With that said, there are multiple other sports that offer betting options.
Point spread bets are slightly more tricky than money line bets, but on the other hand, provide bigger win potential.
When it comes to spread bets, the odds remain steady, with most options holding odds of -110 on each side.
How to Bet on the Point Spread?
For a spread bet to be successful, the bettor will need to predict how close or wide the spread of the outcome will be.
Like the moneyline bet, you also have the option to bet on the underdog. But your earnings will need to stay in a certain range.
Here is an example:
Chicago Bulls -6.5
Milwaukee Bucks +6.5
To wager and win on the Chicago Bull, they would need to win by a minimum of 8 points. The team would need to lose by 7 points or less to see profits with the Milwaukee Bucks.
What Is the Difference Between Money Line and Point Spread?
The outcome of a moneyline bet is determined solely by which team wins.
As for the outcome of a point spread bet, this will be determined by the handicap applied to each team in the match.
Which One To Pick
Bettors that bet on sports at the best sportsbooks online for Americans are in the game to see some returns.
The best way to pump up the profits is by taking some risks. By picking the spread bet, you are upping your risk by increasing your chances of bigger profits.
When a spread betting option is available for a sport, it is almost always worth picking it.
Although spread bets are usually the best bets, you must understand the risk. Keep in mind that you need to make sure it’s suitable for your particular situation.
If you are new to the industry, start out with moneyline bets and progress to spread when you are comfortable.
Moneyline bet is a much better option in certain sports, like basketball and soccer. Nevertheless, it is difficult to make profits from this type of bet.
Now that you have come to the end of this guide, we hope you are ready to get in on the action. Although both these options are inherently easy, both hold huge opportunities for profits.
Do not let the simplicity tick you; these bets are lucrative and used by both novices and sharps.