In sports betting, a spread bet and a money line bet are two different types of wagers that can be placed on a particular game or event.
A spread bet involves a point spread, which is a margin of victory set by the bookmaker.
The favourite team is given a negative point spread, while the underdog team is given a positive point spread. To win a spread bet, the favourite team must win by more points than the point spread, while the underdog team must either win the game outright or lose by fewer points than the point spread.
For example, let's say that Team A is favoured to win a basketball game against Team B, and the point spread is -5.5 points. This means that Team A is favoured to win the game by 5.5 points. If you place a spread bet on Team A, they must win the game by at least 6 points for you to win the bet. If you place a spread bet on Team B, they can either win the game outright or lose by 5 points or fewer for you to win the bet.
A money line bet, on the other hand, involves betting on which team will win the game outright, without any point spread involved. The odds on a money line bet are typically expressed as a positive or negative number, with the favourite team having a negative number and the underdog team having a positive number.
The favourite team is expected to win the game, so they have lower odds and a lower payout, while the underdog team is not expected to win, so they have higher odds and a higher payout.
For example, let's say that Team A is favoured to win a football game against Team B, and the money line odds are -150 for Team A and +200 for Team B. This means that if you place a money line bet on Team A, you would need to wager $150 to win $100. If you place a money line bet on Team B, you would win $200 for every $100 that you wager if they win the game.
In summary, a spread bet involves betting on the margin of victory in a game, while a money line bet involves betting on which team will win the game outright.
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