What Does Betting The Money Line Mean

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When betting against the spread, you will be doing so on a money line of -110, meaning you must wager $110 for every $100 you want to win. You can also find a -105 line, where you only have to wager $105 for every $100 you want to win. Major League Baseball: Standard MLB betting occurs on the money line.

Moneyline bets are the ones that can sometimes see huge paydays for underdogs or safe returns for massive favorites. Since bookmaker predictions are expected to be accurate, the idea is that the total amount of wagers placed is evenly spread on both sides and the outcome of. For many bettors, placing a moneyline wager is the simplest way to make a bet. This type of wager is as straightforward as they come, asking bettors to determine the straight-up winner of a game or match. Certain sports provide an additional option beyond the classic two-way moneyline. A money line bet is arguably one of the most straightforward ways of betting on sports like the NFL. In fact, it is probably the type of bet that we are all most familiar with, as it involves simply placing a bet on the team that you think is going to win.

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For many bettors, placing a moneyline wager is the simplest way to make a bet. This type of wager is as straightforward as they come, asking bettors to determine the straight-up winner of a game or match.

Certain sports provide an additional option beyond the classic two-way moneyline. Three-way moneylines also allow sports bettors to bet either one of the two sides, but they provide an additional option by allowing bettors to put their money on the likelihood of the event ending in a tie.

Read on for a deeper look at which sports offer three-way moneyline betting and how to turn a profit when placing these wagers.

Three-Way Moneylines, Made Simple

Whereas a typical moneyline bet involves a bet on one of two options, three-way moneyline betting involves three options. When wagering on a three-way moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a ‘draw’).

Naturally, three-way moneylines come into play for sports where the result may end in a tie and, as such, a winner cannot be determined through regular game time. Because it is harder to accurately predict an outcome with three choices rather than two, betting on a three-way moneyline will offer more value to bettors than a traditional moneyline.

Oddsmakers primarily employ three-way moneyline bets in two sports, hockey and soccer. Unsurprisingly, this is because these two sports are significantly more likely to end in a tie or draw.

The Three-Way Moneyline in Soccer

What do money lines mean in betting

Wagers in soccer are decided after full-time, which refers to the full 90 minutes on the clock, plus any additional time that is added by the referee for injuries, stoppages, or any other reason. Unlike in the large majority of other sports, ties (“draws” in soccer terms) are extremely common due to the lower-scoring nature of the game.

In fact, draws occur so often in soccer that three-way moneyline betting is the most standard and popular way to bet on a soccer match. However, there are many other ways to bet on soccer as well.

Operationally, betting on the draw is just like betting on a side. However, when betting on the draw, you’re hoping for the score to be tied at the end of full-time. An example of three-way moneyline odds for a soccer match could be as follows:

As you can see, the option of a draw is listed in the same fashion as choosing either team as the outright victor. It is worth noting that regular season matches can always end in a draw, but some tournament-style matches will extend into extra time and possibly into penalties. In these tournaments (where winners are guaranteed thanks to penalty kick shoot-outs), three-way moneyline bets are predicated on a result being determined in the 90 minutes of full-time play. In this case, your bet will be graded as a loss if the side you select to win does so after regular time.

Three-Way Moneyline in Hockey

There are many hockey leagues around the world, but most hockey bettors wager on the National Hockey League (NHL).

Standard, two-way moneyline betting is a popular NHL wager. However, because games are often tied after three periods, most hockey betting sites also offer three-way moneylines on most games.

Two-way moneylines betting on the NHL ask you to pick a side to win outright, even if the game goes to overtime or ends in a shooutout. Whether your team wins after three periods, during overtime or through a shootout, if the team you pick wins—you win.

What Is A Moneyline Bet

A standard, two-way moneyline bet looks like this:

To compare the differences, let’s look at three-way moneyline odds for this same game. Remember that the three-way moneyline eliminates overtime from the wager, meaning you’re simply betting on the outcome at the end of three periods.

As you can see below, Vegas is still the favorite. However, in the three-way moneyline option, odds for both Vegas and Vancouver are longer. This means that if you select either team as an outright winner, you’ll see a better return on the three-way moneyline than you would on the two-way moneyline.

The tie is deemed the least likely option, so it offers the longest odds and biggest payout.

So if you’re looking for better value, longer odds, and higher payouts, three-way moneyline betting is the way to go. But remember, if you’re betting on a winner of the game, the bet is toast if they win in overtime or during the shootout. Three-way moneylines aren’t always the safest bet, but they can offer superior value.

Ready to Learn More Betting Terms and Strategies?

Three-way moneyline betting is just one of numerous ways to expand your horizons betting on sports. If you’re looking to learn more about betting terms, strategies and the sports betting industry, be sure to visit our 101 guides to sports betting.


The legal sports betting world is changing. Quickly.

New states are opening their arms to the world of legal sports betting and are opening opportunities for you to take part in making legal sports bets on your favorite teams in casinos, race tracks and through online betting.

Part of our goal at SportsbookWire is to educate the new and/or casual sports bettor on the typical terms around legal sports betting and the various nuances that go into making a sports bet or wager.

In sports betting, a negative money line (represented as -200, -300, -400, etc.) represents the amount of money that you need to bet in order to win $100 if your bet is correct.

Here are some negative money line examples:

The New England Patriots are

What Do Money Lines Mean In Betting

-500 against the Buffalo Bills. If you’re betting the Patriots, you would need to wager $500 in order to win $100 if your bet is correct with the Patriots winning.The New York Yankees are -200 to beat the New York Mets. If you are betting on the Yankees, you need to wager $200 to win $100 if your bet is correct with the Yankees winning.The Tampa Bay Lightning are -400 to beat the Detroit Red Wings. If you’re betting on the Lightning to win, you need to wager $400 to win $100 if your bet is correct with the Lightning winning.

It’s actually pretty easy and we’re sure you get the point here.

Fractional odds of 1/2 and decimal odds of 1.5 are also equivalent in this scenario.

A negative money line is also considered as the favorite – or chalk pick – by the oddsmakers.

We’ll get into that more in other pieces, but the heavier the team, player, situation or bet in general is favored to succeed, the higher the negative money line.

For example…

In the first round of the 2018-19 NBA Playoffs, the Golden State Warriors money line was -20000

What Does Betting The Money Line Mean

to beat the Los Angeles Clippers. That means you would need to have wagered $20,000 to win $100 if the Clippers won.Kind of ridiculous, right? That’s how heavy the Warriors were favored over the Clippers … the sports books don’t want you making that bet, because it was expected to be an easy Warriors win.

What Does Betting The Moneyline In Baseball Mean

If you’re looking for more educational information on sports betting and terms around such, be sure to check out our How to Bet on Sports 101 section for a variety of betting definitions, betting terms and sports betting strategies to help you build your bank account.