William Hill NJ, a popular online sportsbook, defines making a money line wager as a bet on the outright winner of the event without taking the point spread into consideration. There are still favorites and underdogs, but instead of being handicapped or assisted by head starts, the competitors are given odds to win the game or event.
You are most likely looking at a money line bet if you see positive and negative numbers. When betting on a money line, if the team you want to bet on has a negative number, it means they are the favorite to win.
For example, let’s say the Celtics are playing the Nets. For this example, let’s set the money line as the following:
Boston Celtics: -220
Brooklyn Nets: +180
With this money line, the Celtics are favored to win. The numbers also show the better how much money they will need to wager to win a certain amount. In this example, if you bet that the Celtics would win, you would have to bet $220 to win $100. If you bet on the Nets, you would win $180 for every $100 wagered.
Bovada only offers money line bets when “the point spread is between PICK and 15. Also, if the spread is exactly PICK or 15, money lines are offered only when the line is standard (-110).” PICK means that there is no favorite to win as both teams are considered even.