But correspondingly, upsets happen often and an underdog victory would pay around +500 if you go that way, risking only $100 to win $500. Very heavy favorites, in the NFL for example, can carry a moneyline into the -700 or higher range, meaning you’d have to risk $700 just to win $100. A 7-point win in an NFL contest is not quite the same as a 7-point win in the NBA.

Note that the conversion from spread to moneyline varies from sport to sport. A team that is a 7-point favorite could be -350 on the moneyline while the underdog on the other side sits at +285. As the point spread increases, selecting the favorite on a moneyline wager requires betting more money to achieve the same return. For example, picking a team that is a 3-point favorite (ie: -160 ML) will have a better payout than picking a team that is a 7-point favorite (ie: -350 ML).Īs an example, a team that is a 3-point favorite in an NFL game could have a moneyline status of -160 per $100 bet, which reflects a perceived fairly small gap in team levels the underdog in this case would be priced around +135. While the moneyline bet does not include making a pick based on the point spread, it is connected to the point spread in terms of its potential payout.

The best market price, whether it relates to the cost of a stock or the. The connection from the moneyline to the point spread As vital as data analysis is in finance and sports betting, speed is even more crucial.

Applying ml to sports betting