There are different types of wagers that are offered by betting sites. Australians who are regular gamblers are familiar with moneyline and spread wagers. Moneyline vs Point Spread is simply two betting options that punters can select when they want to bet on a particular match. Moneyline means that punters choose which team or player will win the game. On the other hand, point spread betting is when the sportsbooks move the point spread to get more bets on the side that players aren’t betting on. These two bets are also traditional wagers in sports betting.
Moneyline vs point spread bets are major bets that appeal to punters. Although both are common and similar, we spot the difference for punters who find it difficult to differentiate the two. Players are required to pay attention to these bets in order to select the appropriate wager for each game in our guide. The most popular betting sites are listed below once punters are ready to bet.
Top Sports Betting Sites
The Difference between Moneyline and Point Spreads
The two types of wagers offer several benefits and ways to win. We mention some of the key differences between such wagers in our guide below:
- It is difficult to make a bad wager with spread betting.
- Point Spread is not that difficult to understand compared to moneylines.
- Moneylines are easy because punters need to select a winner.
- The parlay odds for spread bets are less favourable compared to moneylines.
- Betting on the underdog in moneyline bets has large payouts.
Moneyline vs Point Spread
When betting on games such as the NFL, there are two main categories that punters like; moneyline or point spread. With spread wagering, there is a 50% chance for either side to win. The spread is a handicap that is given to the underdog to equalise the chances of both teams on a match. In most cases, players will win the amount they wager on a point spread. Moneyline is a wager that is made based on which team will win the match. The moneyline wager on the underdog is a good decision because it enables punters to win 50% of the wagers and still get a profit.
Both these wagers have benefits and downfalls. Many players wager on a winner of a game instead of betting on the end score of the match. However, spread betting offers some great rewards. These bets are simple yes or no wagers because a team can either cover the spread or not. Nevertheless, moneyline wagers give players the opportunity to win more bets which is the preferred choice for many bettors.
The loved team to win a game will be given a negative digit, while the underdog will have a positive digit. For example, the odds of a favoured team would be -165. Players can wager a $165 to win $100. The underdog has positive odds of +140, you will have to wager $100 to win $140.
Wagers like moneyline don’t have that
Point Spreads Benefits
Like we previously stated, spreads have to do with the likely score of a team. Betting sites will handicap the teams. Point spreads will give the upper hand to one side and give the other lower odds. For instance, the sportsbooks will display the underdog with a +2.5 while the most liked team -2.5.
You might have noticed that point spreads have half a point which can be spotted in the above example. A point spread is more valuable because the NFL games exceed the duplicate digits.
Australian punters who select both can make more money as opposed to just choosing one over the other. Take your time and be sure about the bet you decide to make. At the end of the day, each bet has to be weighed separately to see whether or not it’s worth it.
Check Out Our Other Sports Betting Guides
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- Finding Value in Betting Odds
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- Understanding Odds