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2005 World Series of Poker
The 2005 World Series of Poker event is scheduled to begin June 2, 2005 in Las Vegas and an estimated 5,000 players are expected to participate in the $10,000 buy-in, no-limit Texas hold 'em main event. The event will be held at the Rio Hotel and...
Black jack basics
Of the card games that have been played since the 900 AD black jack have come into existence only in the 18th centaury. Alternatively named as 21 the game is a new one and requires a particular skill at the table. A vigilant eye, sharp memory and a...
How to get a free ringtone for your Mobile
Jamster!, has started a Promotional offer for the US Market, offering a variety of Ringtones and Cell Phone Games. Registered Users get one free ringtone, to be chosen among a wide selection of Ringtones for the most popular cell phones...
Insider Tips For Finding A Great Online Poker Room
Even though they look pretty much the same and they're all selling essentially the same few games, all Online Poker Rooms are NOT created equal! The differences can go far beyond the look and feel of the software. After you've played at several...
Online Bingo. A boon or a bore?
Traditional Bingo touched many a million hearts world over. It is a favorite past time for friends, family and a great occasion to meet new people. How about Online Bingo, do people consider it as a blessing in disguise or a boring technique which...
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Sportsbook Money Lines
The Money Lines, as some may call, are not as complicated as it appears. Unlike point spreads which represents probability based on game points, money lines represents probability with money.
A simple way to understand money lines is to think of it as an indication of the amount of money you need to bet to win $110 and the amount of money you will win if you bet $100. Money lines are preferably explained based on a $100 value since it used in most of the games but it doesn't mean you can only bet a $100 on a game. You can bet with money lines with any amount of many and it will become proportional to the money lines odds.
Money lines are used mostly in popular sports like football and basketball. Let me explain you an example of money lines with a game of NFL where it is widely used.
For example, the Patriots are the favorite against the Steelers on an AFC game. Since the Patriots are the favorite, the money lines are fixed so they have a money line of -110. The Steelers being the underdog has a money line of +110. If the Patriots are your preference and you choose to bet for them, you have to bet $110 to play a chance on winning $100. If you decide the Steelers are in a come
back still not more of a favorite like the Patriots but you still think they can win the game then you bet $100 to play the chance of winning $110. This is because the probabilities calculated by the oddsmakers that are made into money lines are balanced to win less money for betting on a team that has more probability of winning and winning more money for betting on a team that has less chance of winning.
It is not necessary to bet a $100 on money lines. You can choose to bet more or less and your winning will be proportional to the $100 and $110 value. For example if you bet $55 on the Raiders with a money line of -110 while the Jets have a money line of +110 and they win, you will receive $50. If you plan to bet $50 on the Jets and they win you get the amount of $55.
Money lines are very easy to understand and explain probability with an approach on showing who has a better chance to win and who doesn't. Anyway, the easier way to understand money lines is by wagering. It is by experience of the process that you gain knowledge and your future betting experience will be really worth full.
About the Author
Professional SEO Copywriter. He helps a number of sportsbooks:
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