Arguably the most famous betting market, the Moneyline is easily understood by bettors everywhere. The simplicity of the Moneyline is a reason for its popularity. Simply choose the right winner of the game and you win your bet!
Understanding the Moneyline is quite easy, too. The favourite is listed using the minus – symbol, while the underdog will be listed using the plus + symbol. So, the Anaheim Ducks may be listed at +160 while the Toronto Maple Leafs may be listed at –120. This means the Ducks are the underdogs, while the Maple Leafs are favourites.
The number beside the indicated symbol is important as well. In this scenario, betting $100 on the Ducks would win you $160 and your total payout would be $260. Underdogs on Moneyline bets show how much money you would win if you were to bet $100.
As for the favourite, the line shows how much money you need to wager to win $100. In our example, you would need to wager $120 to win $100 ($220 in total). These wagers are popular on bookmakers such as Sports Interaction and Bodog.
Long story short: The favourite (-) shows how much money you need to wager to win $100. The underdog (+) shows how much money you’d win on a $100 bet. And to win the bet, you need to choose the correct team to win straight up. Typically, Overtime and Shootouts are included in Moneyline bets (unless otherwise stated).